301 NC POST LICENSING PRACTICE EXAM
2026 FINAL ASSESSMENT SCRIPT
ACCURATE RESPONSES STUDY BANK
GRADED A+
⩥ What should the listing agent not do regarding the RPOADS?
Answer: Fill out or complete the disclosure for the seller.
⩥ When should the buyer receive the RPOADS and/or MOG
Disclosures?
Answer: Prior to the presentation of the first offer.
⩥ What are the consequences if the buyer does not receive the
disclosures by the time an offer is made?
Answer: The buyer may have 3 days to rescind a contract.
⩥ Does the seller's disclosure eliminate the requirement for agents to
discover and disclose?
Answer: No
⩥ Is the broker required to disclose defects known from the seller even
if the seller requests otherwise?
,Answer: No, the broker must disclose all material facts.
⩥ On a one-story home, what measurements are used to obtain the
square footage?
Answer: Exterior
⩥ How do you obtain measurements for a two-story home?
Answer: Measure inside the home wall to wall and add 6 inches for each
wall.
⩥ What is the minimum wall height in a room with sloped ceilings?
Answer: 5 feet
⩥ What are the requirements for a room to be included in the 'Heated
Square Footage'?
Answer: Heated, finished, and accessible from other heated living areas.
⩥ What is 'target housing' for possible lead-based paint disclosure?
Answer: Residential housing built prior to 1978.
⩥ What are the basic disclosure requirements of the seller regarding
lead-based paint?
, Answer: Provide the EPA booklet, complete the Lead-Based Paint
Addendum, permit buyer to do a risk assessment.
⩥ Must the seller certify that the house is lead paint free?
Answer: No
⩥ Can any broker be paid for a CMA/BPO?
Answer: No, must be a full broker.
⩥ Is the broker required to personally inspect the property when
performing a CMA/BPO for a fee?
Answer: Yes, unless waived by the client.
⩥ Can a CMA/BPO be used as a basis for making a mortgage loan?
Answer: No
⩥ Can a CMA/BPO determine market value?
Answer: No, it can only determine probable selling or leasing price.
⩥ Should the probable selling price be reported as a single figure or a
range?
Answer: Can be provided as either, as long as the high side is not more
than 10% higher than the low side.
2026 FINAL ASSESSMENT SCRIPT
ACCURATE RESPONSES STUDY BANK
GRADED A+
⩥ What should the listing agent not do regarding the RPOADS?
Answer: Fill out or complete the disclosure for the seller.
⩥ When should the buyer receive the RPOADS and/or MOG
Disclosures?
Answer: Prior to the presentation of the first offer.
⩥ What are the consequences if the buyer does not receive the
disclosures by the time an offer is made?
Answer: The buyer may have 3 days to rescind a contract.
⩥ Does the seller's disclosure eliminate the requirement for agents to
discover and disclose?
Answer: No
⩥ Is the broker required to disclose defects known from the seller even
if the seller requests otherwise?
,Answer: No, the broker must disclose all material facts.
⩥ On a one-story home, what measurements are used to obtain the
square footage?
Answer: Exterior
⩥ How do you obtain measurements for a two-story home?
Answer: Measure inside the home wall to wall and add 6 inches for each
wall.
⩥ What is the minimum wall height in a room with sloped ceilings?
Answer: 5 feet
⩥ What are the requirements for a room to be included in the 'Heated
Square Footage'?
Answer: Heated, finished, and accessible from other heated living areas.
⩥ What is 'target housing' for possible lead-based paint disclosure?
Answer: Residential housing built prior to 1978.
⩥ What are the basic disclosure requirements of the seller regarding
lead-based paint?
, Answer: Provide the EPA booklet, complete the Lead-Based Paint
Addendum, permit buyer to do a risk assessment.
⩥ Must the seller certify that the house is lead paint free?
Answer: No
⩥ Can any broker be paid for a CMA/BPO?
Answer: No, must be a full broker.
⩥ Is the broker required to personally inspect the property when
performing a CMA/BPO for a fee?
Answer: Yes, unless waived by the client.
⩥ Can a CMA/BPO be used as a basis for making a mortgage loan?
Answer: No
⩥ Can a CMA/BPO determine market value?
Answer: No, it can only determine probable selling or leasing price.
⩥ Should the probable selling price be reported as a single figure or a
range?
Answer: Can be provided as either, as long as the high side is not more
than 10% higher than the low side.
