301 NC POST LICENSING EXAM 2026
PRACTICE TEST QUESTIONS AND DETAILED
ANSWER EXPLANATIONS
◉ Must Dual Agency be in writing? Answer: Before an offer is made,
Yes. Dual agency must be in writing and signed by both parties
◉ At a listing appointment, the agent should be gathering all
information for listing and what? Answer: Advertising
◉ May a BIC and their Provisional Broker enter into dual agency
together? Answer: No. Because the BIC oversees the PBs
transactions, this would be a conflict of interest
◉ When must all agency be "Written" Answer: Prior to first offer
◉ Are all in-house transactions Dual Agency? Answer: No. The
exceptions would be Seller Sub Agency or Unrepresented Buyers
◉ Can The Real Estate Commission fine brokers? Answer: No. They
can only reprimand, suspend, and revoke licenses
, ◉ Who can sue agents civilly for monetary compensation? Answer:
Principles of a transaction
◉ If Dual Agency is not disclosed is a commission due? Answer: No.
Therefore it is imperative to disclose dual agency before any offers
are written
◉ As a dual agent, the agent's duties are reduced to what? Answer:
Contractual Obligations
◉ What must all agency agreements have? Answer: A beginning and
ending date
◉ Oral to Oral & Written to Written describe what? Answer: The
permissions needed to show a property as a "Dual Agent"
◉ What should every agent bring to a listing appointment? Answer:
Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several
Other items)
◉ Who gets paid in an Exclusive Right to Sell listing agreement?
Answer: The listing agent, regardless of who brings a buyer, and
likely the buyer agent
PRACTICE TEST QUESTIONS AND DETAILED
ANSWER EXPLANATIONS
◉ Must Dual Agency be in writing? Answer: Before an offer is made,
Yes. Dual agency must be in writing and signed by both parties
◉ At a listing appointment, the agent should be gathering all
information for listing and what? Answer: Advertising
◉ May a BIC and their Provisional Broker enter into dual agency
together? Answer: No. Because the BIC oversees the PBs
transactions, this would be a conflict of interest
◉ When must all agency be "Written" Answer: Prior to first offer
◉ Are all in-house transactions Dual Agency? Answer: No. The
exceptions would be Seller Sub Agency or Unrepresented Buyers
◉ Can The Real Estate Commission fine brokers? Answer: No. They
can only reprimand, suspend, and revoke licenses
, ◉ Who can sue agents civilly for monetary compensation? Answer:
Principles of a transaction
◉ If Dual Agency is not disclosed is a commission due? Answer: No.
Therefore it is imperative to disclose dual agency before any offers
are written
◉ As a dual agent, the agent's duties are reduced to what? Answer:
Contractual Obligations
◉ What must all agency agreements have? Answer: A beginning and
ending date
◉ Oral to Oral & Written to Written describe what? Answer: The
permissions needed to show a property as a "Dual Agent"
◉ What should every agent bring to a listing appointment? Answer:
Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several
Other items)
◉ Who gets paid in an Exclusive Right to Sell listing agreement?
Answer: The listing agent, regardless of who brings a buyer, and
likely the buyer agent
