301 NC POST LICENSING EXAM NEWEST 2026 (2 VERSIONS) NEWEST
2026 (GRADED A+ 100% DETAILED VERIFIED ANSWERS)
A resident of Big City purchased her house for $169,000 and paid an additional $3,500 in
closing expenses. She proposes to sell her house for $200,000 and the listing broker
estimates that total closing expenses (including 6% brokerage fee) on such a sale would be
$17,500. The resident's projected net profit on this sale would be
A) $14,000.
B) $10,000.
C) $45,000.
D) $13,500. - ANSWER-B) $10,000.
A homeowner purchased a house for $180,000 and paid an additional $7,500 in closing
expenses. The homeowner wants to sell the house for $225,000 and the listing broker
estimates that total closing expenses (including 5% brokerage fee) on such a sale would be
$13,000. The homeowner's projected net profit on this sale would be
A) $45,500.
B) $24,500.
C) $34,000.
D) $32,000. - ANSWER-B) $24,500.
What is the listing agent's BEST option if they are being asked by the seller to set a listing
price that is unreasonably high?
,A) Set the listing price at the higher price because they must provide all fiduciary duties to
the seller
B) Set the listing price at the higher price because they must obey the seller
C) Set the listing price at the higher price because they must stay in compliance with
licensing law
D) Refuse the listing - ANSWER-D) Refuse the listing
Betty with Green Acres Realty had an appointment with a seller in a short sale situation.
Betty reached out to her broker-in-charge to see what the firm's options were regarding
signing a listing agreement with the seller. What are Green Acre Realty's options in this
situation?
A) Betty must list the property because it would be discrimination if she declined the listing.
B) Betty must list the property because the North Carolina Real Estate Commission rules
mandate she must treat all sellers equally.
C) Betty can decline to list the property.
D) Betty must tell the seller that they are not allowed to sell the property since it is a short
sale. - ANSWER-C) Betty can decline to list the property.
Daisy is eager to sell her property and has asked Xavier, a real estate agent, to help her
determine what she would need to sell her house for in order to net $45,000. Xavier has
estimated her closing costs to be $1,550 and he charges 6% of the sales price as a
commission fee. Daisy has a loan pay off of $140,000. What price does she need to sell her
home for in order to net $45,000?
A) $197,745
,B) $198,460
C) $195,000
D) $196,100 - ANSWER-B) $198,460
A listing agent has completed the prelisting meeting, prepared a comparative market
analysis (CMA), and is now meeting with the seller to discuss a listing price. All of the
following factors need to be discussed with the seller EXCEPT
A) current market conditions.
B) agent's needs.
C) estimated closing cost for the buyer.
D) seller's needs and wants. - ANSWER-C) estimated closing cost for the buyer.
Esme purchased her house for $180,000 and paid an additional $4,000 in closing expenses.
She proposes to sell her house for $230,000 and the listing broker estimates that total
closing expenses (including 7% brokerage fee) on such a sale would be $19,000. Esme's
projected net profit on this sale would be
A) $73,000.
B) $60,000.
C) $27,000.
D) $50,000. - ANSWER-C) $27,000.
Keisha is a residential real estate appraiser and has been called by Willa, a local real estate
agent, to prepare a current appraisal for 2057 Easy Street. Willa is in the middle of the
, listing process with the owner. Under what conditions would Willa want to involve an
appraiser prior to listing the property?
A) Willa may not feel completely confident of the estimated probable selling price.
B) Only an appraiser can help determine the probable selling price.
C) North Carolina Real Estate Commission rules require an appraiser to assist in pricing
properties.
D) North Carolina Licensing Law requires an appraiser to assist in pricing properties. -
ANSWER-A) Willa may not feel completely confident of the estimated probable selling price.
Milo is deciding if this is a good time to sell his property and asks the real estate agent to
calculate what he needs to sell his home for in order to net $80,000. The agent is charging
5% of the sales price for commission fee, he has a loan to pay off in the amount of $175,000,
and the agent estimates other closing costs to be $1,000. What does he need to sell his
home for in order to net $80,000?
A) $260,000
B) $267,750
C) $269,475
D) $268,800 - ANSWER-C) $269,475
Declan is a real estate broker affiliated with Best Homes Realty. He is in process of listing a
property for sale and is having trouble determining a probable sales price of a property. The
property is very unique and there are no other properties like it in the area either recently
sold or currently on the market. What is the BEST course of action for Declan at this time?
A) Declan can make a guess based on how much he likes the property.
2026 (GRADED A+ 100% DETAILED VERIFIED ANSWERS)
A resident of Big City purchased her house for $169,000 and paid an additional $3,500 in
closing expenses. She proposes to sell her house for $200,000 and the listing broker
estimates that total closing expenses (including 6% brokerage fee) on such a sale would be
$17,500. The resident's projected net profit on this sale would be
A) $14,000.
B) $10,000.
C) $45,000.
D) $13,500. - ANSWER-B) $10,000.
A homeowner purchased a house for $180,000 and paid an additional $7,500 in closing
expenses. The homeowner wants to sell the house for $225,000 and the listing broker
estimates that total closing expenses (including 5% brokerage fee) on such a sale would be
$13,000. The homeowner's projected net profit on this sale would be
A) $45,500.
B) $24,500.
C) $34,000.
D) $32,000. - ANSWER-B) $24,500.
What is the listing agent's BEST option if they are being asked by the seller to set a listing
price that is unreasonably high?
,A) Set the listing price at the higher price because they must provide all fiduciary duties to
the seller
B) Set the listing price at the higher price because they must obey the seller
C) Set the listing price at the higher price because they must stay in compliance with
licensing law
D) Refuse the listing - ANSWER-D) Refuse the listing
Betty with Green Acres Realty had an appointment with a seller in a short sale situation.
Betty reached out to her broker-in-charge to see what the firm's options were regarding
signing a listing agreement with the seller. What are Green Acre Realty's options in this
situation?
A) Betty must list the property because it would be discrimination if she declined the listing.
B) Betty must list the property because the North Carolina Real Estate Commission rules
mandate she must treat all sellers equally.
C) Betty can decline to list the property.
D) Betty must tell the seller that they are not allowed to sell the property since it is a short
sale. - ANSWER-C) Betty can decline to list the property.
Daisy is eager to sell her property and has asked Xavier, a real estate agent, to help her
determine what she would need to sell her house for in order to net $45,000. Xavier has
estimated her closing costs to be $1,550 and he charges 6% of the sales price as a
commission fee. Daisy has a loan pay off of $140,000. What price does she need to sell her
home for in order to net $45,000?
A) $197,745
,B) $198,460
C) $195,000
D) $196,100 - ANSWER-B) $198,460
A listing agent has completed the prelisting meeting, prepared a comparative market
analysis (CMA), and is now meeting with the seller to discuss a listing price. All of the
following factors need to be discussed with the seller EXCEPT
A) current market conditions.
B) agent's needs.
C) estimated closing cost for the buyer.
D) seller's needs and wants. - ANSWER-C) estimated closing cost for the buyer.
Esme purchased her house for $180,000 and paid an additional $4,000 in closing expenses.
She proposes to sell her house for $230,000 and the listing broker estimates that total
closing expenses (including 7% brokerage fee) on such a sale would be $19,000. Esme's
projected net profit on this sale would be
A) $73,000.
B) $60,000.
C) $27,000.
D) $50,000. - ANSWER-C) $27,000.
Keisha is a residential real estate appraiser and has been called by Willa, a local real estate
agent, to prepare a current appraisal for 2057 Easy Street. Willa is in the middle of the
, listing process with the owner. Under what conditions would Willa want to involve an
appraiser prior to listing the property?
A) Willa may not feel completely confident of the estimated probable selling price.
B) Only an appraiser can help determine the probable selling price.
C) North Carolina Real Estate Commission rules require an appraiser to assist in pricing
properties.
D) North Carolina Licensing Law requires an appraiser to assist in pricing properties. -
ANSWER-A) Willa may not feel completely confident of the estimated probable selling price.
Milo is deciding if this is a good time to sell his property and asks the real estate agent to
calculate what he needs to sell his home for in order to net $80,000. The agent is charging
5% of the sales price for commission fee, he has a loan to pay off in the amount of $175,000,
and the agent estimates other closing costs to be $1,000. What does he need to sell his
home for in order to net $80,000?
A) $260,000
B) $267,750
C) $269,475
D) $268,800 - ANSWER-C) $269,475
Declan is a real estate broker affiliated with Best Homes Realty. He is in process of listing a
property for sale and is having trouble determining a probable sales price of a property. The
property is very unique and there are no other properties like it in the area either recently
sold or currently on the market. What is the BEST course of action for Declan at this time?
A) Declan can make a guess based on how much he likes the property.
