303 NC POST LICENSING EXAM NEWEST ACTUAL EХAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS

303 NC POST LICENSING EXAM NEWEST ACTUAL EХAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A Derrin hires Austin with Best Homes Realty to list his home for sale. As Austin is completing the listing agreement, Derrin mentions that the hot water heater has not worked for a couple of weeks and is not planning on repairing it since he is selling the home. Derrin tells Austin that he cannot share that information with anyone as it might affect the sale of the home. What is the BEST course of action for Austin at this time? A) If Austin shares the information regarding the hot water heater, he will be in violation of his fiduciary duties, and Derrin can sue him for disclosing confidential information. B) Austin can share the information with people at Best Homes Realty but cannot share it with any firm representing a buyer. C) Austin must disclose that the hot water heater is not working because it is a material fact. D) Austin must obey the seller. Austin and Best Homes Realty owe fiduciary duties to their clien - answer-C) Austin must disclose that the hot water heater is not working because it is a material fact. Armin, a broker affiliated with Best Homes Realty, listed a property for sale and conducted an open house. Courtney visited the open house and decided to make an offer. The seller had completed the Residential Property and Owners' Association Disclosure Statement (RPOADS) indicating all defects the seller knows that exist about the property. In this situation, which of the following statements is TRUE? A) Courtney needs to be advised to still conduct a full home inspection. B) Since the seller disclosed all known material facts, they have complied with the Doctrine of Caveat Emptor and Courtney does not need to complete a full home inspection. C) Since the seller disclosed all known material facts that they were aware of, Courtney does not need to complete a full home inspection. D) Armin can assure Courtney that the seller has disclosed all material facts and she does not need to get her own home inspection. - answer-A) Courtney needs to be advised to still conduct a full home inspection.