Question
A real estate firm practices designated agency in accordance with North Carolina Real Estate Commission rules. The firm has designated Agent A to represent the
A real estate firm practices designated agency in accordance with North Carolina Real Estate Commission rules. The firm has designated Agent A to represent the sellers in a particular transaction and Agent B to represent the buyers in the same transaction. Which of the following information about the sellers may Agent A lawfully disclose to Agent B without the sellers' permission?
A. that the sellers will probably agree to accept a purchase price that is below the listing price
B. that the sellers want to sell quickly due to serious marital problems that may lead to separation
C. that the sellers may be willing to include all kitchen appliances in the sale if the buyers ask for it
D. that a notice of foreclosure regarding the property listed for sale has been filed against the sellers
The North Carolina Real Estate License Law prohibits a provisional broker with a license on active status from taking which of the following actions?
A. participating in a brokerage transaction that involves a commercial real estate lease
B. working part-time under the supervision of a broker-in-charge while holding a primary job in an occupation unrelated to real estate
C. acting as a seller's subagent in a transaction that involves property listed by a cooperating but competing real estate company
D. accepting payment of a properly earned buyer agent's share of a commission directly from a cooperating but competing listing company
A North Carolina listing agent receives offers on the same property from two prospective buyers. The purchase price offered by Buyer A is significantly higher than the price offered by Buyer B. The agent promptly presents both offers to the seller. The seller directs the listing agent to tell Buyer B the purchase price being offered by Buyer A and to advise Buyer B that the seller will give Buyer B 2 days to submit a more competitive offer. Given these circumstances, the listing agent should advise the seller that
A. disclosure to Buyer B of the amount of Buyer A's offer is prohibited.
. the agent will promptly comply with the seller's instructions.
C. the agent will comply with the seller's request if the seller will put the instructions in writing.
D. the agent must first obtain Buyer A's permission to disclose to Buyer B the amount of Buyer A's offer.
Rental arrangements for which of the following are NOT protected by the North Carolina Residential Rental Agreements Act?
A. basement apartment in a home
B.units in an apartment complex of less than 4 units
C. units in an apartment complex of 10 or more units
D. transient occupancy
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