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1. A North Carolina broker listed a house for sale and advertised that it contained 3200 heated square feet based upon information provided by the seller. The listing agent did not personally measure the house or otherwise attempt to verify the square footage. A broker at a cooperating firm showed the property to a buyer-client who entered into a contract to purchase the property. A real estate appraisal later revealed that the house contained only 2000 heated square feet. The Real Estate Commission may discipline

A. the listing agent for misrepresenting the square footage.

B. the buyer agent for not noticing and disclosing the square footage error.

C. the listing agent for misrepresenting the square footage and the buyer agent for not noticing and disclosing the square footage error.

D. no one, because the seller furnished the incorrect square footage information and the buyer agent is allowed to rely upon the information provided by the listing agent.

2. Which of the following persons is EXEMPT from the requirement to have a North Carolina real estate license?

A. a salaried employee of a real estate appraiser who handles the rentals of the appraiser's beach cottage in exchange for 2 weeks" use of the cottage each year

B. a real estate broker's salaried assistant who provides to prospective buyers basic factual information about the listed house such as price, size, number of roommates

C. an individual who receives a small reduction in their rent for referring an acquaintance to the leasing agent of the apartment complex where they reside

D. the adult child of an elderly person who handles the advertising and sale of their parent's house in exchange for the parent's old car

3. Which of the following sales of a residential one-to-four unit dwelling is EXEMPT from the North Carolina Residential Property Disclosure Act?

A. sale by a builder of a new dwelling that has never been inhabited

B. sale by option contract

C. sale by an owner without using the services of a real estate agent

D. sale of a dwelling that is less than 5 years old

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