NC POST LICENSING 301 PRACTICE EXAM 1
88/100 QUESTIONS WITH 100% ACCURATE
ANSWERS
1/50 Under which of the following circumstances would the client and agent most likely mutually agree
to terminate a listing?
a A buyer approached the seller with a much higher offer than the current listing price.
b The agent and client don't agree on the best way to price, maintain, and market the property.
c The client has found a buyer and wants to avoid paying a commission.
d The client's cousin just became licensed and needs her first listing. - Accurate answers b The
agent and client don't agree on the best way to price, maintain, and market the property.
2/50 Tabitha listed her property for sale, but it's been on the market for several months with no offers.
She decides to terminate her listing agreement and rent the property out instead of selling it. Assuming
that her listing agent has fulfilled all of his responsibilities under the contract, can Tabitha terminate the
contract before its expiration date?
a Only if she and the listing agent mutually agree to terminate the agreement.
b Only if she succeeds in converting it to a rental.
c Yes because she's received no offers on the listing.
d Yes, she is entitled to terminate at any time. - Accurate answers a Only if she and the listing
agent mutually agree to terminate the agreement.
3/50 As a North Carolina property manager, which of the following is Luisa required to do?
a Act as the landlord's representative in all matters, including legal counsel.
b Advocate for the tenants' interests above all others.
c Avoid performing any actions that would constitute a landlord's duties.
d Perform the duties of a landlord, as laid out in statute and the lease. - Accurate answers Perform
the duties of a landlord, as laid out in statute and the lease.
4/50 It's January, and the pool at Roger's listing has been prepped for winter for several weeks. The
homeowner assures Roger that it's in good working order. Roger has no reason to disbelieve the
homeowner, so he tells prospective buyers that the pool is fine. The property sells, spring comes, and
the new owners call to complain that the pump doesn't work, and the pool drain appears to be clogged.
What did Roger commit?
a Fraud
b Negligent misrepresentation
c Roger did not commit a violation
d Unintentional misrepresentation - Accurate answers d Unintentional misrepresentation
5/50 ______ occurs when one licensee represents both the buyer and seller in the same transaction
without proper disclosure and consent.
a A breach of contract
