301 NC POST LICENSING FINAL EXAM SCRIPT 2026 COMPREHENSIVE QUESTIONS AND ANSWERS VERIFIED A+

301 NC POST LICENSING FINAL EXAM
SCRIPT 2026 COMPREHENSIVE QUESTIONS
AND ANSWERS VERIFIED A+

●● seller's subagent Answer: no written or oral buyer agency


●● OLDCAR Answer: obedience
loyalty
disclosure
confidentiality
accounting
reasonable care


●● In dual agency, the agent's duties are _____ to being a facilitator
Answer: reduced


●● What statement would require full disclosure of all financing terms
in compliance with TILA, Reg Z and RESPA Answer: any number
amount triggers full disclosure:
4.5% APR or $2000 down


●● A _____foreclosure is material fact and it must be______. Answer:
filed foreclosure; must be disclosed

, ●● If it is not_______, you shouldn't be talking about it. Answer:
material fact


●● T/F AS-IS relieves seller from disclosing material fact Answer: F,
AS-IS does not relieve requirement to disclose material fact


●● name 10 material fact required disclosures Answer: stucco, radon,
lead-based paint, filed foreclosure, zoning, flood plains, meth houses,
gravesites, pending highways, asbestos siding


●● names issues that are not material fact Answer: pending foreclosure,
death or illness, murder or suicide, HIV or AIDS, haunted, aluminum
wiring


●● Who is responsible if known hidden defect is found AFTER closing?
Answer: Listing agent


●● Does filed foreclosure need to be disclosed? Answer: Yes, it is a
material fact


●● In dual agency, the loyalty of the firm is ______between the buyer
and seller? Answer: divided equally