NCREL POST LICENSING 301 BROKER RELATIONSHIPS AND RESPONSIBILITIES QUESTIONS WITH UPDATE

NCREL POST LICENSING 301 BROKER RELATIONSHIPS AND RESPONSIBILITIES QUESTIONS WITH ANSWERS UPDATE
Question :Courtney, a real estate broker, is at a listing meeting
and notices some water staining under the bathroom sink. She
asks the seller about it and they state that the pipes are leaking
but have tried fixing them several times. The seller states that
it really is not a big deal because it doesn't leak that much.
Courtney lists the property for sale and on the Residential
Property and Owners' Association Disclosure Statement
(RPOADS), the seller marks "No Representation" for all
items. Which of the following statements is TRUE?
A) Regardless what the seller discloses or does not disclose
on the RPOADS, Courtney must disclose the leak as a
material fact.
B) Courtney does not have a duty to disclose the leak because
the seller checked "No Representation" on the RPOADS.
C) Courtney does not have a duty to disclose the leak because
North Carolina is a caveat emptor state.

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