7. A provisional broker sold the model home in a new subdivision to their buyer client. Can the subdivision developer pay a sales bonus directly to the provisional broker

A. No, all brokerage compensation must be paid to the brokerages firm MY ANSWER

B. No, it would be a conflict of interest as a buyer's agent

C. Yes, as long as it is noted on the closing disclosure

D. Yes, as long as the buyer is aware of the bonus

8. A broker lists a residential property for sale. Three rooms in the house are currently used a bedroom. The owners tell the broker that the house has a septic system with a three-bedroom capacity. The broker may confidentially advertise the property as a three bedroom house.

A. if the broker is provided a septic system permit showing three bedroom capacity MY ANSWER

B. because it is currently used as a three bedroom house and the owner verified the septic capacity

C. because the owner has instructed the broker to do so and they must follow the clients instructions.

D. if the owner provided the broker with a copy of the MLS entry form when the owner purchased the property which advertised the house as having three bedrooms

9. In real estate transactions involving a loan and use of the standard sales contract form approved by the North Carolina Association of REALTORS and the North Carolina Bar Association, the closing is considered complete when which of the following steps has occurred?

A. The deed , deed of trust , and all other closing documents have been signed by the appropriate parties

B. The settlement meeting has been completed .

C. The deed and deed of trust have been recorded . MY ANSWER

D. The proceeds of the sale have been disbursed in accordance with the closing disclosure .