Post licensing 301 NC study questions | Comprehensive Practice Test | Study Guide Questions & Verified Solutions (Latest Update 2026 | 2027 Rated A+

Post licensing 301 NC study questions | Comprehensive Practice Test | Study Guide Questions & Verified Solutions (Latest Update 2026 | 2027 Rated A+ Quiz_________________? 28% for housing and 36% for housing plus re-occuring debts - ANSWERS ratios for loan qualifications: 28% for ........................ and______% for _____________ Quiz_________________? 3 days - ANSWERS When first substantial contact has occurred, how long do you have to get WWREA signed? Quiz_________________? 5 feet - ANSWERS The ceiling must be at least .......ft high to count as floor area in square footage Quiz_________________? 6 foot 4 inches - ANSWERS In a basement, the ceiling height must be ........to be included in the square footage Quiz_________________? 6 inches for walls and another 2.5 inches for brick - ANSWERS when measuring the interior walls, you add........inches for the walls and another ........inches for brick Quiz_________________? add (to comp) - ANSWERS subject superior Quiz_________________? agent can continue to provide counsel and advise - ANSWERS designated dual agency means what can continue Quiz_________________? all duties imposed by agency law, work in buyers best interest and obtain best deal possible for buyer - ANSWERS A buyer's agent owes the principal Quiz_________________? always made to the comparable, not the subject - ANSWERS In a CMA, the adjustments are always made to the ........not the ...... Quiz_________________? any # figure like $4000 down or 4.5 APR - ANSWERS What triggers TILA, Reg Z or Respa Quiz_________________? any number amount triggers full disclosure: 4.5% APR or $2000 down - ANSWERS What statement would require full disclosure of all financing terms in compliance with TILA, Reg Z and RESPA Quiz_________________? before buyer and buyer's agent discuss motivation and financial information - ANSWERS When must a seller's agent or subagent initially disclose agency status to a buyer? Quiz_________________? before discussing motivation and financial information - ANSWERS When must you disclose agency status? Quiz_________________? before presentation of the 1st offer - ANSWERS when must an agent disclose dual agency in a transaction? Quiz_________________? Before the listing presentation begins and before first substantial contact occurs - ANSWERS When is the last time to sign WWREA with a seller at a listing appointment?