301 NC POST LICENSING EXAM, PRACTICE EXAM ANDS
u u u u u u u u
TUDY GUIDE NEWEST 2024 ACTUAL EXAM 300 QUESTI
u u u u u u u
ONS AND CORRECT DETAILED ANSWERS (VERIFIED A
u u u u u u
NSWERS) |ALREADY GRADED A
u u u
Anuagent'sudutiesutouthirdupartiesuincludeuallutheufollowinguEXCEPT
A) fairness.
B) obedience.
C) disclosureuofumaterialufact.
D) honesty.u-uanswer-B)uobedience.
DerrinuhiresuAustinuwithuBestuHomesuRealtyutoulistuhisuhomeuforusale.uAsuAustinuisucompletingutheulistingu
agreement,uDerrinumentionsuthatutheuhotuwateruheateruhasunotuworkeduforuaucoupleuofuweeksuanduisuno
tuplanninguonurepairinguitusinceuheuisusellingutheuhome.uDerrinutellsuAustinuthatuheucannotushareuthatuinfor
mationuwithuanyoneuasuitumightuaffectutheusaleuofutheuhome.uWhatuisutheuBESTucourseuofuactionuforuAusti
nuatuthisutime?
A) IfuAustinusharesutheuinformationuregardingutheuhotuwateruheater,uheuwillubeuinuviolationuofuhisufiduciar
yuduties,uanduDerrinucanusueuhimuforudisclosinguconfidentialuinformation.
B) AustinucanushareutheuinformationuwithupeopleuatuBestuHomesuRealtyubutucannotushareuituwithuanyufir
murepresentinguaubuyer.
C) Austinumustudiscloseuthatutheuhotuwateruheateruisunotuworkingubecauseuituisuaumaterialufact.
D) Austinumustuobeyutheuseller.uAustinuanduBestuHomesuRealtyuoweufiduciaryudutiesutoutheiruclienu-
uanswer-
C)uAustinumustudiscloseuthatutheuhotuwateruheateruisunotuworkingubecauseuituisuaumaterialufact.
Armin,uaubrokeruaffiliateduwithuBestuHomesuRealty,ulisteduaupropertyuforusaleuanduconducteduanuopenuho
use.uCourtneyuvisitedutheuopenuhouseuandudecidedutoumakeuanuoffer.uTheuselleruhaducompletedutheuResi
dentialuPropertyuanduOwners'uAssociationuDisclosureuStatementu(RPOADS)uindicatingualludefectsutheusell
eruknowsuthatuexistuaboututheuproperty.uInuthisusituation,uwhichuofutheufollowingustatementsuisuTRUE?
A) Courtneyuneedsutoubeuadvisedutoustilluconductuaufulluhomeuinspection.
B) Sinceutheusellerudisclosedualluknownumaterialufacts,utheyuhaveucomplieduwithutheuDoctrineuofuCavea
tuEmptoruanduCourtneyudoesunotuneedutoucompleteuaufulluhomeuinspection.
C) Sinceutheusellerudisclosedualluknownumaterialufactsuthatutheyuwereuawareuof,uCourtneyudoesunotuneedut
oucompleteuaufulluhomeuinspection.
,D) ArminucanuassureuCourtneyuthatutheuselleruhasudiscloseduallumaterialufactsuandusheudoesunotuneedut
ougetuheruownuhomeuinspection.u-uanswer-
A)uCourtneyuneedsutoubeuadvisedutoustilluconductuaufulluhomeuinspection.
Aubuyeruanduauselleruareunegotiatingutheutermsuofuaupossibleucontract.uTheusellerucounteroffersutoutheubu
yer,uandutheubuyeruwantsutouthinkuaboutuituovernight.uTheunextudayutheubuyerucallsutheusellinguagentuandu
saysutheyuwouldulikeutouacceptutheuseller'sucounteroffer.uBeforeuverifyinguthatutheubuyeruhaduactuallyusign
edutheucounteroffer,utheusellinguagentucallsutheulistinguagentutousayutheubuyeruhaduacceptedutheuseller'suc
ounteroffer.uTheuselleruthenugoesuonutoupurchaseuanotheruhouseubaseduonutheubuyer'su"acceptance"uofut
heirucounteroffer.uWhenutheusellinguagentugoesutoupickuuputheusignedupaperworkufromutheubuyer,utheubu
yerustatesutheyuneverusignedutheucounterofferuandudounotuwantutoubuyutheuseller'suhome.uWhichuofutheuf
ollowingustatementsuisucorrect?
A) Theusellinguagentuisunoturesponsibleuforutheumisrepresentation.
B) Bothutheubuyeruandutheusellinguagentuareuresponsibleuforutheumisrepresentation.
C) Neitherutheubuyeru-uanswer-A)uTheusellinguagentuisuresponsibleuforutheumisrepresentation.
Theurealuestateubroker'sufiduciaryuresponsibilityutoukeeputheuprincipaluinformeduofuallufacts,uincludingupr
opertyuconditionuanduissuesuthatuaffectuauseller'suwillingnessutouselluanduaubuyer'suwillingnessutoubuy,uisut
heudutyuof
A) reasonableuskill,ucare,uandudiligence.
B) disclosure.
C) obedience.
D) accounting.u-uanswer-B)udisclosure.
Theudutiesuowedufromutheu"agent"utoutheu"principal"uareuBESTudescribedubyuwhichuofutheufollowing?
A) Obedience,uloyalty,uaccounting,uandureasonableucare
B) Fairnessuanduhonesty
C) Fairness,uhonest,uobedience,uloyalty,uaccounting,ureasonableuskill,uanducare
D) Obedience,uloyalty,udisclosure,uconfidentiality,uaccounting,ureasonableuskill,ucare,uandudiligenceu
-uanswer-
D)uObedience,uloyalty,udisclosure,uconfidentiality,uaccounting,ureasonableuskill,ucare,uandudiligence
WhichuofutheufollowinguBESTudescribesusubagent?
,A) Literallyutheuagentuofuanuagent,uaupersonudesignateduoruemployedubyuanuagentutouperformualluorupartuo
futheuagent'suassignedutasksuoruservicesuonubehalfuofutheuagent'suprincipal
B) Theupersonuwhouauthorizesuanotherutouactuonutheuprincipal'subehalfuwithinuspecifieduparametersuandut
ouwhomutheuagentuowesucertainulegaluduties
C) Theupersonuactinguforuanduonubehalfuofutheuprincipaluwithinutheuboundsuofutheuauthorityugranteduan
duwhouowesufiduciaryudutiesutoutheuprincipal
D) Theurelationshiputhatuexistsuwhenuoneupersonuisuauthorizedutouactuforuanduonubehalfuofuanotheru-
uanswer-
A)uLiterallyutheuagentuofuanuagent,uaupersonudesignateduoruemployedubyuanuagentutouperformualluorupartuofu
theuagent'suassignedutasksuoruservicesuonubehalfuofutheuagent'suprincipal
WhichuofutheufollowingustatementsuisuTRUEuregardinguagencyuagreements?
A) Listinguagreements,upropertyumanagementuagreements,ubuyeruagencyuagreements,uandutenan
turepresentationuagreementsucanuallubeuexpressuoraluagreementsuforuauperioduofutime.
B) Listinguagreementsuandupropertyumanagementuagreementsumustubeuexpressuwrittenuagreementsufro
mutheubeginninguofutheurelationshipuandubuyeruagencyuagreementsuandutenanturepresentationuagreemen
tsucanubeuinuexpressuoraluagreementsuforuauperioduofutime.
C) Listinguagreementsuandubuyeruagencyuagreementsumustubeuexpressuwrittenuagreementsufromuth
eubeginninguofutheurelationshipuandupropertyumanagementuagreementsuandutenanturepresentationu
agreementsucanubeuexpressuoraluagreementsuforuauperioduofutime.
D) Listinguagreementsuandupropertyumanagementuagreementsucanuexpressuoraluagreementsuforuauperio
duofutimeuandubuyeruagencyuagreementsuandutenanturepresentationuagreementsumustubeuinuexu-uanswer-
B)uListinguagreementsuandupropertyumanagementuagreementsumustubeuexpressuwrittenuagreementsufro
mutheubeginninguofutheurelationshipuandubuyeruagencyuagreementsuandutenanturepresentationuagreeme
ntsucanubeuinuexpressuoraluagreementsuforuauperioduofutime.
WhichuofutheufollowingustatementsuBESTudescribesuNorthuCarolinauUnfairuDeceptiveuPracticesuAct?
A) Thisulawuprohibitsudisclosureuregardingufactsuaboututheupropertyuitselfuorutheusurroundinguarea.
B) Thisulawuprohibitsuunfairuorudeceptiveuactsuorupracticesuinucommerceuanduappliesutoutheusaleuorurenta
luofurealuestateuandutourealuestateubrokers.
C) Thisulawuholdsuthat—exceptuinucasesuinvolvingufraudubyutheuselleruorutheuseller'suagent—
theuselleruhasunouaffirmativeuobligationutoudiscloseuinformationuaboututheupropertyubeingusoldutoutheupur
chaseruanduplacesutheuburdenuonutheubuyerutouinvestigateutheupropertyubeforeucontractingutoupurchaseut
heuproperty.
D) Thisulawuprohibitsumakingugeneralizeduexpressionuofuaubroker'suopinionuaboutuauproperty.u-uanswer-
B)uThisulawuprohibitsuunfairuorudeceptiveuactsuorupracticesuinucommerceuanduappliesutoutheusaleuorurentalu
ofurealuestateuandutourealuestateubrokers.
, Georgeuknowsuthatutheupropertyuisuaboututoubeurezoneduforucommercialuuse,uwhichuwillugreatlyuincreas
eutheuvalueuofutheuproperty.uGeorgeudoesunotushareuthisuinformationuwithutheuselleruanduoffersutoubuyuth
eupropertyuforuhimselfuasuanuinvestment.uGeorgeuclosesuonutheupropertyuwithutheuselleruanduthenuafterut
heurezoninguhasubeenufinalized,uGeorgeusellsutheupropertyuatuausubstantialuprofit.uThisuisuanuexampleuof
A) self-dealing.
B) makingufalseupromises.
C) undisclosedudualuagency.
D) improperudealing.u-uanswer-A)uself-dealing.
Lanzouisuinutheuprocessuofulistinguauhouseuforusaleuandutellsutheuselleruthatuheuwillustageutheuhouse,usteam
ucleanutheucarpets,uanduhireuauprofessionalucleaningucrewutoucleanupriorutoushowingutheuhouse.uOnceuthe
usellerusignedutheulistinguagreement,uLanzoufailedutouprovideutheseuservices.uLanzoumayubeuguiltyuofuwhic
huofutheufollowing?
A) Makingufalseupromises
B) Undisclosedudualuagency
C) Self-dealing
D) Improperubrokerageucommissionu-uanswer-A)uMakingufalseupromises
Whouisurequiredutoudiscloseumaterialufacts?
A) Sellersuandulistinguagents
B) Sellersuandubuyers
C) Listinguagentsuandusellinguagents
D) Sellers,ubuyers,ulistinguagents,uandusellinguagentsu-uanswer-C)uListinguagentsuandusellinguagents
Francisulisteduaupropertyuforusaleuandudidunotuinvestigateutheupropertyuforumaterialufactsubecauseuheurelie
duonutheuseller'sustatementuthatuthereuwasunothinguwronguwithutheuproperty.uItuwasulaterudiscovereduthatu
thereuwasuausubstantialuleakuinutheuroofuthatuwasueasilyudetectable.uInuthisusituation,uFrancisucouldubeuhel
duliableuforuwhichuofutheufollowing?
A) TheuselleruwillubeuhelduresponsibleuanduFrancisuhasunouliability
B) Negligentumisrepresentationuoruomission.
C) Willfulumisrepresentationuoruomission.
u u u u u u u u
TUDY GUIDE NEWEST 2024 ACTUAL EXAM 300 QUESTI
u u u u u u u
ONS AND CORRECT DETAILED ANSWERS (VERIFIED A
u u u u u u
NSWERS) |ALREADY GRADED A
u u u
Anuagent'sudutiesutouthirdupartiesuincludeuallutheufollowinguEXCEPT
A) fairness.
B) obedience.
C) disclosureuofumaterialufact.
D) honesty.u-uanswer-B)uobedience.
DerrinuhiresuAustinuwithuBestuHomesuRealtyutoulistuhisuhomeuforusale.uAsuAustinuisucompletingutheulistingu
agreement,uDerrinumentionsuthatutheuhotuwateruheateruhasunotuworkeduforuaucoupleuofuweeksuanduisuno
tuplanninguonurepairinguitusinceuheuisusellingutheuhome.uDerrinutellsuAustinuthatuheucannotushareuthatuinfor
mationuwithuanyoneuasuitumightuaffectutheusaleuofutheuhome.uWhatuisutheuBESTucourseuofuactionuforuAusti
nuatuthisutime?
A) IfuAustinusharesutheuinformationuregardingutheuhotuwateruheater,uheuwillubeuinuviolationuofuhisufiduciar
yuduties,uanduDerrinucanusueuhimuforudisclosinguconfidentialuinformation.
B) AustinucanushareutheuinformationuwithupeopleuatuBestuHomesuRealtyubutucannotushareuituwithuanyufir
murepresentinguaubuyer.
C) Austinumustudiscloseuthatutheuhotuwateruheateruisunotuworkingubecauseuituisuaumaterialufact.
D) Austinumustuobeyutheuseller.uAustinuanduBestuHomesuRealtyuoweufiduciaryudutiesutoutheiruclienu-
uanswer-
C)uAustinumustudiscloseuthatutheuhotuwateruheateruisunotuworkingubecauseuituisuaumaterialufact.
Armin,uaubrokeruaffiliateduwithuBestuHomesuRealty,ulisteduaupropertyuforusaleuanduconducteduanuopenuho
use.uCourtneyuvisitedutheuopenuhouseuandudecidedutoumakeuanuoffer.uTheuselleruhaducompletedutheuResi
dentialuPropertyuanduOwners'uAssociationuDisclosureuStatementu(RPOADS)uindicatingualludefectsutheusell
eruknowsuthatuexistuaboututheuproperty.uInuthisusituation,uwhichuofutheufollowingustatementsuisuTRUE?
A) Courtneyuneedsutoubeuadvisedutoustilluconductuaufulluhomeuinspection.
B) Sinceutheusellerudisclosedualluknownumaterialufacts,utheyuhaveucomplieduwithutheuDoctrineuofuCavea
tuEmptoruanduCourtneyudoesunotuneedutoucompleteuaufulluhomeuinspection.
C) Sinceutheusellerudisclosedualluknownumaterialufactsuthatutheyuwereuawareuof,uCourtneyudoesunotuneedut
oucompleteuaufulluhomeuinspection.
,D) ArminucanuassureuCourtneyuthatutheuselleruhasudiscloseduallumaterialufactsuandusheudoesunotuneedut
ougetuheruownuhomeuinspection.u-uanswer-
A)uCourtneyuneedsutoubeuadvisedutoustilluconductuaufulluhomeuinspection.
Aubuyeruanduauselleruareunegotiatingutheutermsuofuaupossibleucontract.uTheusellerucounteroffersutoutheubu
yer,uandutheubuyeruwantsutouthinkuaboutuituovernight.uTheunextudayutheubuyerucallsutheusellinguagentuandu
saysutheyuwouldulikeutouacceptutheuseller'sucounteroffer.uBeforeuverifyinguthatutheubuyeruhaduactuallyusign
edutheucounteroffer,utheusellinguagentucallsutheulistinguagentutousayutheubuyeruhaduacceptedutheuseller'suc
ounteroffer.uTheuselleruthenugoesuonutoupurchaseuanotheruhouseubaseduonutheubuyer'su"acceptance"uofut
heirucounteroffer.uWhenutheusellinguagentugoesutoupickuuputheusignedupaperworkufromutheubuyer,utheubu
yerustatesutheyuneverusignedutheucounterofferuandudounotuwantutoubuyutheuseller'suhome.uWhichuofutheuf
ollowingustatementsuisucorrect?
A) Theusellinguagentuisunoturesponsibleuforutheumisrepresentation.
B) Bothutheubuyeruandutheusellinguagentuareuresponsibleuforutheumisrepresentation.
C) Neitherutheubuyeru-uanswer-A)uTheusellinguagentuisuresponsibleuforutheumisrepresentation.
Theurealuestateubroker'sufiduciaryuresponsibilityutoukeeputheuprincipaluinformeduofuallufacts,uincludingupr
opertyuconditionuanduissuesuthatuaffectuauseller'suwillingnessutouselluanduaubuyer'suwillingnessutoubuy,uisut
heudutyuof
A) reasonableuskill,ucare,uandudiligence.
B) disclosure.
C) obedience.
D) accounting.u-uanswer-B)udisclosure.
Theudutiesuowedufromutheu"agent"utoutheu"principal"uareuBESTudescribedubyuwhichuofutheufollowing?
A) Obedience,uloyalty,uaccounting,uandureasonableucare
B) Fairnessuanduhonesty
C) Fairness,uhonest,uobedience,uloyalty,uaccounting,ureasonableuskill,uanducare
D) Obedience,uloyalty,udisclosure,uconfidentiality,uaccounting,ureasonableuskill,ucare,uandudiligenceu
-uanswer-
D)uObedience,uloyalty,udisclosure,uconfidentiality,uaccounting,ureasonableuskill,ucare,uandudiligence
WhichuofutheufollowinguBESTudescribesusubagent?
,A) Literallyutheuagentuofuanuagent,uaupersonudesignateduoruemployedubyuanuagentutouperformualluorupartuo
futheuagent'suassignedutasksuoruservicesuonubehalfuofutheuagent'suprincipal
B) Theupersonuwhouauthorizesuanotherutouactuonutheuprincipal'subehalfuwithinuspecifieduparametersuandut
ouwhomutheuagentuowesucertainulegaluduties
C) Theupersonuactinguforuanduonubehalfuofutheuprincipaluwithinutheuboundsuofutheuauthorityugranteduan
duwhouowesufiduciaryudutiesutoutheuprincipal
D) Theurelationshiputhatuexistsuwhenuoneupersonuisuauthorizedutouactuforuanduonubehalfuofuanotheru-
uanswer-
A)uLiterallyutheuagentuofuanuagent,uaupersonudesignateduoruemployedubyuanuagentutouperformualluorupartuofu
theuagent'suassignedutasksuoruservicesuonubehalfuofutheuagent'suprincipal
WhichuofutheufollowingustatementsuisuTRUEuregardinguagencyuagreements?
A) Listinguagreements,upropertyumanagementuagreements,ubuyeruagencyuagreements,uandutenan
turepresentationuagreementsucanuallubeuexpressuoraluagreementsuforuauperioduofutime.
B) Listinguagreementsuandupropertyumanagementuagreementsumustubeuexpressuwrittenuagreementsufro
mutheubeginninguofutheurelationshipuandubuyeruagencyuagreementsuandutenanturepresentationuagreemen
tsucanubeuinuexpressuoraluagreementsuforuauperioduofutime.
C) Listinguagreementsuandubuyeruagencyuagreementsumustubeuexpressuwrittenuagreementsufromuth
eubeginninguofutheurelationshipuandupropertyumanagementuagreementsuandutenanturepresentationu
agreementsucanubeuexpressuoraluagreementsuforuauperioduofutime.
D) Listinguagreementsuandupropertyumanagementuagreementsucanuexpressuoraluagreementsuforuauperio
duofutimeuandubuyeruagencyuagreementsuandutenanturepresentationuagreementsumustubeuinuexu-uanswer-
B)uListinguagreementsuandupropertyumanagementuagreementsumustubeuexpressuwrittenuagreementsufro
mutheubeginninguofutheurelationshipuandubuyeruagencyuagreementsuandutenanturepresentationuagreeme
ntsucanubeuinuexpressuoraluagreementsuforuauperioduofutime.
WhichuofutheufollowingustatementsuBESTudescribesuNorthuCarolinauUnfairuDeceptiveuPracticesuAct?
A) Thisulawuprohibitsudisclosureuregardingufactsuaboututheupropertyuitselfuorutheusurroundinguarea.
B) Thisulawuprohibitsuunfairuorudeceptiveuactsuorupracticesuinucommerceuanduappliesutoutheusaleuorurenta
luofurealuestateuandutourealuestateubrokers.
C) Thisulawuholdsuthat—exceptuinucasesuinvolvingufraudubyutheuselleruorutheuseller'suagent—
theuselleruhasunouaffirmativeuobligationutoudiscloseuinformationuaboututheupropertyubeingusoldutoutheupur
chaseruanduplacesutheuburdenuonutheubuyerutouinvestigateutheupropertyubeforeucontractingutoupurchaseut
heuproperty.
D) Thisulawuprohibitsumakingugeneralizeduexpressionuofuaubroker'suopinionuaboutuauproperty.u-uanswer-
B)uThisulawuprohibitsuunfairuorudeceptiveuactsuorupracticesuinucommerceuanduappliesutoutheusaleuorurentalu
ofurealuestateuandutourealuestateubrokers.
, Georgeuknowsuthatutheupropertyuisuaboututoubeurezoneduforucommercialuuse,uwhichuwillugreatlyuincreas
eutheuvalueuofutheuproperty.uGeorgeudoesunotushareuthisuinformationuwithutheuselleruanduoffersutoubuyuth
eupropertyuforuhimselfuasuanuinvestment.uGeorgeuclosesuonutheupropertyuwithutheuselleruanduthenuafterut
heurezoninguhasubeenufinalized,uGeorgeusellsutheupropertyuatuausubstantialuprofit.uThisuisuanuexampleuof
A) self-dealing.
B) makingufalseupromises.
C) undisclosedudualuagency.
D) improperudealing.u-uanswer-A)uself-dealing.
Lanzouisuinutheuprocessuofulistinguauhouseuforusaleuandutellsutheuselleruthatuheuwillustageutheuhouse,usteam
ucleanutheucarpets,uanduhireuauprofessionalucleaningucrewutoucleanupriorutoushowingutheuhouse.uOnceuthe
usellerusignedutheulistinguagreement,uLanzoufailedutouprovideutheseuservices.uLanzoumayubeuguiltyuofuwhic
huofutheufollowing?
A) Makingufalseupromises
B) Undisclosedudualuagency
C) Self-dealing
D) Improperubrokerageucommissionu-uanswer-A)uMakingufalseupromises
Whouisurequiredutoudiscloseumaterialufacts?
A) Sellersuandulistinguagents
B) Sellersuandubuyers
C) Listinguagentsuandusellinguagents
D) Sellers,ubuyers,ulistinguagents,uandusellinguagentsu-uanswer-C)uListinguagentsuandusellinguagents
Francisulisteduaupropertyuforusaleuandudidunotuinvestigateutheupropertyuforumaterialufactsubecauseuheurelie
duonutheuseller'sustatementuthatuthereuwasunothinguwronguwithutheuproperty.uItuwasulaterudiscovereduthatu
thereuwasuausubstantialuleakuinutheuroofuthatuwasueasilyudetectable.uInuthisusituation,uFrancisucouldubeuhel
duliableuforuwhichuofutheufollowing?
A) TheuselleruwillubeuhelduresponsibleuanduFrancisuhasunouliability
B) Negligentumisrepresentationuoruomission.
C) Willfulumisrepresentationuoruomission.
