- Post licensing 301 NC study questions
/ Strategies Review of Key Quizzes & Correct Answers.
Quiz____?When must a seller's agent or subagent initially disclose agency status to a buyer? - Answer✓✓ before buyer and buyer's agent discuss motivation and financial information
Quiz____?seller's subagent - Answer✓✓ no written or oral buyer agency
Quiz____?
OLDCAR -
Answer✓✓ obedience loyalty disclosure confidentiality accounting reasonable care 1 / 2
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Quiz____?In dual agency, the agent's duties are _____ to being a facilitator - Answer✓✓ reduced
Quiz____?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
Quiz____?A _____foreclosure is material fact and it must be______. - Answer✓✓ filed foreclosure; must be disclosed
Quiz____?If it is not_______, you shouldn't be talking about it. - Answer✓✓ material fact
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