NC POST LICENSING 301 PRACTICE EXAM
1
45+ (Updated for 2026) Exam Prep Pack | A+ Questions & Verified Answers
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📋 DOCUMENT OVERVIEW 46 Qs
This document covers real estate licensure topics specific to North Carolina, including listing agreements,
termination, property management, North Carolina Telephone Solicitations Act, commissions, and zoning
ordinances. The provided practice exam, "NC Post Licensing 301 Practice Exam 1," consists of 46
questions with correct answers and detailed explanations. Students can effectively use this document to
review and understand key concepts, reinforcing their knowledge and preparing them for the post-licensing
exam.
✓ Verified Answers ✓ Exam Ready ✓ Study Guide
Trusted by thousands of students and professionals worldwide
EXAM QUESTIONS
QUESTION 1
1/50 Under which of the following circumstances would the client and agent most likely mutually agree
to terminate a listing?
a A buyer approached the seller with a much higher offer than the current listing price.
b The agent and client don't agree on the best way to price, maintain, and market the property.
c The client has found a buyer and wants to avoid paying a commission.
d The client's cousin just became licensed and needs her first listing.
CORRECT ANSWER
b The agent and client don't agree on the best way to price, maintain, and market the property.
RATIONALE: The correct answer focuses on a fundamental aspect of the agency relationship - mutual agreement and trust
between the client and agent. In this scenario, a disagreement on how to price, maintain, and market the property
indicates a breakdown in this trust and a failure to work collaboratively, making termination a likely outcome.
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, QUESTION 2
2/50 Tabitha listed her property for sale, but it's been on the market for several months with no offers.
She decides to terminate her listing agreement and rent the property out instead of selling it. Assuming
that her listing agent has fulfilled all of his responsibilities under the contract, can Tabitha terminate the
contract before its expiration date?
a Only if she and the listing agent mutually agree to terminate the agreement.
b Only if she succeeds in converting it to a rental.
c Yes because she's received no offers on the listing.
d Yes, she is entitled to terminate at any time.
CORRECT ANSWER
a Only if she and the listing agent mutually agree to terminate the agreement.
RATIONALE: The key factor in determining Tabitha's ability to terminate the contract is whether she and the listing agent
mutually agree to do so, as this is a standard condition in many listing agreements. The contract's terms and the agent's
fulfillment of responsibilities do not automatically grant Tabitha the right to terminate the contract, making mutual
agreement the necessary condition for its termination.
QUESTION 3
3/50 As a North Carolina property manager, which of the following is Luisa required to do?
a Act as the landlord’s representative in all matters, including legal counsel.
b Advocate for the tenants’ interests above all others.
c Avoid performing any actions that would constitute a landlord’s duties.
d Perform the duties of a landlord, as laid out in statute and the lease.
CORRECT ANSWER
Perform the duties of a landlord, as laid out in statute and the lease.
RATIONALE: As a North Carolina property manager, Luisa is required to fulfill her fiduciary duty to the landlord, which
includes taking on the responsibilities and obligations that are legally attributed to the landlord. Therefore, option d is the
correct answer because it accurately reflects Luisa's obligation to perform the duties of a landlord, as outlined in statute and
the lease, rather than avoiding or prioritizing the interests of others.
Trusted by thousands of students and professionals worldwide Page 2 of 26
, QUESTION 4
4/50 It's January, and the pool at Roger's listing has been prepped for winter for several weeks. The
homeowner assures Roger that it's in good working order. Roger has no reason to disbelieve the
homeowner, so he tells prospective buyers that the pool is fine. The property sells, spring comes, and the
new owners call to complain that the pump doesn't work, and the pool drain appears to be clogged. What
did Roger commit?
a Fraud
b Negligent misrepresentation
c Roger did not commit a violation
d Unintentional misrepresentation
CORRECT ANSWER
d Unintentional misrepresentation
RATIONALE: Roger's action involves making a false statement about the pool's condition without any intention to deceive,
but his lack of knowledge or due diligence in verifying the homeowner's claim leads to the misrepresentation. This scenario
aligns with the concept of unintentional misrepresentation, where an individual unwittingly provides false information, often
due to negligence or a lack of knowledge, rather than a deliberate attempt to deceive.
QUESTION 5
5/50 ______ occurs when one licensee represents both the buyer and seller in the same transaction
without proper disclosure and consent.
a A breach of contract
b A conflict of interest Wrong
c Disclosed dual agency
d Undisclosed dual agency
CORRECT ANSWER
d Undisclosed dual agency
RATIONALE: The correct answer is "d Undisclosed dual agency" because it accurately describes a situation where a licensee
represents both the buyer and seller in the same transaction without their knowledge or consent, which is a key
characteristic of undisclosed dual agency. This concept is critical in real estate because it can create a conflict of interest
and undermine the trust between agents and their clients, making it essential to disclose such relationships to maintain
transparency and fairness.
Trusted by thousands of students and professionals worldwide Page 3 of 26
1
45+ (Updated for 2026) Exam Prep Pack | A+ Questions & Verified Answers
100% Guarantee Pass
📋 DOCUMENT OVERVIEW 46 Qs
This document covers real estate licensure topics specific to North Carolina, including listing agreements,
termination, property management, North Carolina Telephone Solicitations Act, commissions, and zoning
ordinances. The provided practice exam, "NC Post Licensing 301 Practice Exam 1," consists of 46
questions with correct answers and detailed explanations. Students can effectively use this document to
review and understand key concepts, reinforcing their knowledge and preparing them for the post-licensing
exam.
✓ Verified Answers ✓ Exam Ready ✓ Study Guide
Trusted by thousands of students and professionals worldwide
EXAM QUESTIONS
QUESTION 1
1/50 Under which of the following circumstances would the client and agent most likely mutually agree
to terminate a listing?
a A buyer approached the seller with a much higher offer than the current listing price.
b The agent and client don't agree on the best way to price, maintain, and market the property.
c The client has found a buyer and wants to avoid paying a commission.
d The client's cousin just became licensed and needs her first listing.
CORRECT ANSWER
b The agent and client don't agree on the best way to price, maintain, and market the property.
RATIONALE: The correct answer focuses on a fundamental aspect of the agency relationship - mutual agreement and trust
between the client and agent. In this scenario, a disagreement on how to price, maintain, and market the property
indicates a breakdown in this trust and a failure to work collaboratively, making termination a likely outcome.
Trusted by thousands of students and professionals worldwide Page 1 of 26
, QUESTION 2
2/50 Tabitha listed her property for sale, but it's been on the market for several months with no offers.
She decides to terminate her listing agreement and rent the property out instead of selling it. Assuming
that her listing agent has fulfilled all of his responsibilities under the contract, can Tabitha terminate the
contract before its expiration date?
a Only if she and the listing agent mutually agree to terminate the agreement.
b Only if she succeeds in converting it to a rental.
c Yes because she's received no offers on the listing.
d Yes, she is entitled to terminate at any time.
CORRECT ANSWER
a Only if she and the listing agent mutually agree to terminate the agreement.
RATIONALE: The key factor in determining Tabitha's ability to terminate the contract is whether she and the listing agent
mutually agree to do so, as this is a standard condition in many listing agreements. The contract's terms and the agent's
fulfillment of responsibilities do not automatically grant Tabitha the right to terminate the contract, making mutual
agreement the necessary condition for its termination.
QUESTION 3
3/50 As a North Carolina property manager, which of the following is Luisa required to do?
a Act as the landlord’s representative in all matters, including legal counsel.
b Advocate for the tenants’ interests above all others.
c Avoid performing any actions that would constitute a landlord’s duties.
d Perform the duties of a landlord, as laid out in statute and the lease.
CORRECT ANSWER
Perform the duties of a landlord, as laid out in statute and the lease.
RATIONALE: As a North Carolina property manager, Luisa is required to fulfill her fiduciary duty to the landlord, which
includes taking on the responsibilities and obligations that are legally attributed to the landlord. Therefore, option d is the
correct answer because it accurately reflects Luisa's obligation to perform the duties of a landlord, as outlined in statute and
the lease, rather than avoiding or prioritizing the interests of others.
Trusted by thousands of students and professionals worldwide Page 2 of 26
, QUESTION 4
4/50 It's January, and the pool at Roger's listing has been prepped for winter for several weeks. The
homeowner assures Roger that it's in good working order. Roger has no reason to disbelieve the
homeowner, so he tells prospective buyers that the pool is fine. The property sells, spring comes, and the
new owners call to complain that the pump doesn't work, and the pool drain appears to be clogged. What
did Roger commit?
a Fraud
b Negligent misrepresentation
c Roger did not commit a violation
d Unintentional misrepresentation
CORRECT ANSWER
d Unintentional misrepresentation
RATIONALE: Roger's action involves making a false statement about the pool's condition without any intention to deceive,
but his lack of knowledge or due diligence in verifying the homeowner's claim leads to the misrepresentation. This scenario
aligns with the concept of unintentional misrepresentation, where an individual unwittingly provides false information, often
due to negligence or a lack of knowledge, rather than a deliberate attempt to deceive.
QUESTION 5
5/50 ______ occurs when one licensee represents both the buyer and seller in the same transaction
without proper disclosure and consent.
a A breach of contract
b A conflict of interest Wrong
c Disclosed dual agency
d Undisclosed dual agency
CORRECT ANSWER
d Undisclosed dual agency
RATIONALE: The correct answer is "d Undisclosed dual agency" because it accurately describes a situation where a licensee
represents both the buyer and seller in the same transaction without their knowledge or consent, which is a key
characteristic of undisclosed dual agency. This concept is critical in real estate because it can create a conflict of interest
and undermine the trust between agents and their clients, making it essential to disclose such relationships to maintain
transparency and fairness.
Trusted by thousands of students and professionals worldwide Page 3 of 26
