Post licensing 301 NC study questions
with 100% Verified Answers
, Post licensing 301 NC study questions
with 100% Verified Answers
What triggers TILA, Reg Z or Respa - Answer ✓✓any # figure like $4000 down or 4.5
APR
When first substantial contact has occurred, how long do you have to get WWREA
signed? - Answer ✓✓3 days
When is the last time to sign WWREA with a seller at a listing appointment? - Answer ✓
✓Before the listing presentation begins and before first substantial contact occurs
A buyer's agent owes the principal - Answer ✓✓all duties imposed by agency law, work
in buyers best interest and obtain best deal possible for buyer
A sellers agent or-------must disclose their----------before------------ - Answer ✓✓seller's
subagent; agency status; discussing motivation or financial information
agent breach in listing allows the seller to.... - Answer ✓✓terminate the listing contract
designated dual agency means what can continue - Answer ✓✓agent can continue to
provide counsel and advise
Do I need a recorded plat map for initial listing meeting? - Answer ✓✓No
Does filed foreclosure need to be disclosed? - Answer ✓✓Yes, it is a material fact
If broker secures listing after looking for their buyer but discloses to neither side about
their agency status, will they get paid? - Answer ✓✓No, undisclosed dual agency is not
permissible and therefore compensation is not required
5 things needed for initial listing mtg for advertising - Answer ✓✓CCR's
HOA bylaws
HOA dues
special assessments
liens information
A _____foreclosure is material fact and it must be______. - Answer ✓✓filed
foreclosure; must be disclosed
A BIC supervises - Answer ✓✓PB and advertising
with 100% Verified Answers
, Post licensing 301 NC study questions
with 100% Verified Answers
What triggers TILA, Reg Z or Respa - Answer ✓✓any # figure like $4000 down or 4.5
APR
When first substantial contact has occurred, how long do you have to get WWREA
signed? - Answer ✓✓3 days
When is the last time to sign WWREA with a seller at a listing appointment? - Answer ✓
✓Before the listing presentation begins and before first substantial contact occurs
A buyer's agent owes the principal - Answer ✓✓all duties imposed by agency law, work
in buyers best interest and obtain best deal possible for buyer
A sellers agent or-------must disclose their----------before------------ - Answer ✓✓seller's
subagent; agency status; discussing motivation or financial information
agent breach in listing allows the seller to.... - Answer ✓✓terminate the listing contract
designated dual agency means what can continue - Answer ✓✓agent can continue to
provide counsel and advise
Do I need a recorded plat map for initial listing meeting? - Answer ✓✓No
Does filed foreclosure need to be disclosed? - Answer ✓✓Yes, it is a material fact
If broker secures listing after looking for their buyer but discloses to neither side about
their agency status, will they get paid? - Answer ✓✓No, undisclosed dual agency is not
permissible and therefore compensation is not required
5 things needed for initial listing mtg for advertising - Answer ✓✓CCR's
HOA bylaws
HOA dues
special assessments
liens information
A _____foreclosure is material fact and it must be______. - Answer ✓✓filed
foreclosure; must be disclosed
A BIC supervises - Answer ✓✓PB and advertising
