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302NC POST LICENSING EXAM CONTRACTS UPDATED 2024 WITH VERIFIED QUESTIONS AND DETAILED QUESTIONS (ALREADY GRADED A+)

302NC POST LICENSING EXAM
CONTRACTS UPDATED 2024 WITH
VERIFIED QUESTIONS AND DETAILED
QUESTIONS (ALREADY GRADED A+)
The North Carolina Offer To Purchase and Contract requires to
assign rights under the agreement. - ANSWER-permission and
consent from both parties
A valid contract is formed when both parties - ANSWER-sign, initial
any changes in the agreement, and communicate to each other
that the documents are complete.
All of the following are disclosures that are required before the
consumer uses electronic methods EXCEPT the - ANSWER-right
to access other parties' electronic records.
Which of the following is NOT a remedy for breach of a contract? -
ANSWER- overlooking
2 | P a g e
A digital signature has what aspect? - ANSWER-accepted
internationally
The mailbox rule states that the Real Estate Commission measures
delivery from the time when communication is - ANSWER-sent.
Communication of the acceptance of electronically submitted offers
is all of the following EXCEPT - ANSWER-not legally binding.
The definition of "signature" includes all of the following aspects
EXCEPT - ANSWER- easily transferred from document to
document.
Unfair trade practice applies to - ANSWER-real estate
professionals and sellers who regularly trade in the business.
A transaction involving a natural person, personal household, or for
familial purposes describes a - ANSWER-consumer transaction.
3 | P a g e
Which of the following is NOT a remedy for breach of a contract? -
ANSWER- overlooking
Which of the following regarding mutual mistakes is FALSE? -
ANSWER-applies to mistakes of law
Which of the following regarding assignments is TRUE? -
ANSWER-assignee is primarily liable and the assignor is
secondarily liable
Which of the following is NOT a valid method of communication for
a buyer to accept an offer? - ANSWER-carrier pigeon
An electronic signature has what aspect? - ANSWER-signature
could be lost if there is a change in vendor
When can a buyer withdraw an offer? - ANSWER-anytime; prior to
acceptance of the offer, the absolute right of withdraw applies up
4 | P a g e
until the offer is accepted
Which of the following regarding the NAR Code of Ethics on offers
is TRUE? - ANSWER-A listing broker is required to respond in
writing that an offer was submitted if the cooperating broker who
submitted the offer so requests.

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Specificaties

Niveau: University
School: Chamberlain
Opleiding: Nursing
Document
Rubriek: Tentamens
Gemaakt op: 19-07-2024
Type: .pdf
Pagina's: 9
Taal: English
Tags
302NC POST LICENSING EXAM CONTRACTS 302NC POST LICENSING EXAM CONTRACTS UPDATED 2024 WITH VERIFIED QUESTIONS AND DETAILED QUESTIONS (ALREADY GRADED A+)

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