301- NC Post Licensing Exam Questions
& Answers [RATED 100%]
, 301- NC Post Licensing Exam Questions
& Answers [RATED 100%]
Does the WWREA brochure have an option for Seller Sub Agency? - Answer ✓✓Yes.
it is a check box on the last page
How many days before disputed Earnest Monies go to Clerk of Court? - Answer ✓✓90
Days
If a Seller refuses to pay the listing agent commission due, and there was a valid listing
agreement in place, and the agent procured a buyer, what can the listing agent do? -
Answer ✓✓File suit in a civil court against the Seller
If a Seller refuses to sign an offer for less than list price, is a commission due? - Answer
✓✓No. It is not due, until Seller agrees upon the price and signs
A CMA is not a representation of Value but is a? - Answer ✓✓Representation of a
range of suggested selling price
A listing agreement is said to be what, if the principle dies during the agreement? -
Answer ✓✓Automatically Terminated
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
May a principle be held responsible for mis-information as it relates to a material fact? -
Answer ✓✓Yes. Typically civilly or criminally
May a Principle refuse to sign the WWREA? - Answer ✓✓Yes. Agent just needs to
write "Refused to sign"
All Agency Agreements must include what disclaimer? - Answer ✓✓Fair Housing
Disclaimer
All Oral Agency Agreements are...? - Answer ✓✓Non-Exclusive
Are all in-house transactions Dual Agency? - Answer ✓✓No. The exceptions would be
Seller Sub Agency or Unrepresented Buyers
As a dual agent, the agent's duties are reduced to what? - Answer ✓✓Contractual
Obligations
& Answers [RATED 100%]
, 301- NC Post Licensing Exam Questions
& Answers [RATED 100%]
Does the WWREA brochure have an option for Seller Sub Agency? - Answer ✓✓Yes.
it is a check box on the last page
How many days before disputed Earnest Monies go to Clerk of Court? - Answer ✓✓90
Days
If a Seller refuses to pay the listing agent commission due, and there was a valid listing
agreement in place, and the agent procured a buyer, what can the listing agent do? -
Answer ✓✓File suit in a civil court against the Seller
If a Seller refuses to sign an offer for less than list price, is a commission due? - Answer
✓✓No. It is not due, until Seller agrees upon the price and signs
A CMA is not a representation of Value but is a? - Answer ✓✓Representation of a
range of suggested selling price
A listing agreement is said to be what, if the principle dies during the agreement? -
Answer ✓✓Automatically Terminated
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
May a principle be held responsible for mis-information as it relates to a material fact? -
Answer ✓✓Yes. Typically civilly or criminally
May a Principle refuse to sign the WWREA? - Answer ✓✓Yes. Agent just needs to
write "Refused to sign"
All Agency Agreements must include what disclaimer? - Answer ✓✓Fair Housing
Disclaimer
All Oral Agency Agreements are...? - Answer ✓✓Non-Exclusive
Are all in-house transactions Dual Agency? - Answer ✓✓No. The exceptions would be
Seller Sub Agency or Unrepresented Buyers
As a dual agent, the agent's duties are reduced to what? - Answer ✓✓Contractual
Obligations
