NCREL POST LICENSING 301 BROKER RELATIONSHIPS AND
RESPONSIBILITIES (2025/2026) | 34 QUESTIONS WITH 100%
VERIFIED CORRECT ANSWERS | | LATEST UPDATE
A seller's agent or sub-agent must initially disclose her agent status to
a prospective buyer when?
Before buyer and agent discuss motivation or financial information.
What fiduciary duties are owed to principals?
Obey, Loyalty, Disclosure, Confidentiality, Accounting, &
Reasonable care
(OLD CAR)
As a dual agent, my fiduciary responsibilities are reduced to the buyer
and seller under what agency?
Dual Agency - agent cannot advise or council
Material facts which must be disclosed
Pending foreclosure, adverse conditions, neighborhood changes,
anything that will affect a decision to buy or sell
, A runway is planned in the next 20 years near a property that I
purchase. I later sell the property. To which party must I disclose the
plan for a runway?
All parties
The number of square feet of heated living space in a one story house
with a garage is determined by:
The outside measurements only. Run tape corner to corner. Do not
include attached garage.
In a basement, pipes and beams are allowed to extend down to what
height in order for the space to still be counted as living area?
6'4"
6 Feet 4 inches
In a room with sloping ceilings what are the rules to count as living
area?
At least half of the room must be 7ft high. When measuring start at 5"
high.
Question 19 makes no sense.
Mark C
RESPONSIBILITIES (2025/2026) | 34 QUESTIONS WITH 100%
VERIFIED CORRECT ANSWERS | | LATEST UPDATE
A seller's agent or sub-agent must initially disclose her agent status to
a prospective buyer when?
Before buyer and agent discuss motivation or financial information.
What fiduciary duties are owed to principals?
Obey, Loyalty, Disclosure, Confidentiality, Accounting, &
Reasonable care
(OLD CAR)
As a dual agent, my fiduciary responsibilities are reduced to the buyer
and seller under what agency?
Dual Agency - agent cannot advise or council
Material facts which must be disclosed
Pending foreclosure, adverse conditions, neighborhood changes,
anything that will affect a decision to buy or sell
, A runway is planned in the next 20 years near a property that I
purchase. I later sell the property. To which party must I disclose the
plan for a runway?
All parties
The number of square feet of heated living space in a one story house
with a garage is determined by:
The outside measurements only. Run tape corner to corner. Do not
include attached garage.
In a basement, pipes and beams are allowed to extend down to what
height in order for the space to still be counted as living area?
6'4"
6 Feet 4 inches
In a room with sloping ceilings what are the rules to count as living
area?
At least half of the room must be 7ft high. When measuring start at 5"
high.
Question 19 makes no sense.
Mark C
