301- NC Post Licensing Questions -with `100% verified solutions-
personalized success
Yes. If and only if they were active at
1. Can an inactive agent be paid a refer-
time of referral
ral commission if they were active at
the time they made the referral?
2. Must Dual Agency be in writing? Before an offer is made, Yes. Dual
agency must be in writing and
signed by both parties
3. At a listing appointment, the agent Advertising
should be gathering all information
for listing and what?
4. May a BIC and their Provisional Bro- No. Because the BIC oversees the
ker enter into dual agency together? PBs transactions, this would be a
conflict of interest
5. When must all agency be "Written" Prior to first offer
6. Are all in-house transactions Dual scribe what?
Agency?
7. Can The Real Estate Commission fine
brokers?
8. Who can sue agents civilly for mone-
tary compensation?
9. If Dual Agency is not disclosed is a
commission due?
10. As a dual agent, the agent's duties are
reduced to what?
11. What must all agency agreements
have?
12. Oral to Oral & Written to Written de-
1/5
, 301- NC Post Licensing Questions -with `100% verified solutions-
personalized success
No. The exceptions would be Seller Sub
Agency or Unrepresented Buy-ers
No. They can only reprimand, sus- pend,
and revoke licenses
Principles of a transaction
No. Therefore it is imperative to dis- close
dual agency before any offersare written
Contractual Obligations
A beginning and ending date
The permissions needed to show aproperty
as a "Dual Agent"
2/5
personalized success
Yes. If and only if they were active at
1. Can an inactive agent be paid a refer-
time of referral
ral commission if they were active at
the time they made the referral?
2. Must Dual Agency be in writing? Before an offer is made, Yes. Dual
agency must be in writing and
signed by both parties
3. At a listing appointment, the agent Advertising
should be gathering all information
for listing and what?
4. May a BIC and their Provisional Bro- No. Because the BIC oversees the
ker enter into dual agency together? PBs transactions, this would be a
conflict of interest
5. When must all agency be "Written" Prior to first offer
6. Are all in-house transactions Dual scribe what?
Agency?
7. Can The Real Estate Commission fine
brokers?
8. Who can sue agents civilly for mone-
tary compensation?
9. If Dual Agency is not disclosed is a
commission due?
10. As a dual agent, the agent's duties are
reduced to what?
11. What must all agency agreements
have?
12. Oral to Oral & Written to Written de-
1/5
, 301- NC Post Licensing Questions -with `100% verified solutions-
personalized success
No. The exceptions would be Seller Sub
Agency or Unrepresented Buy-ers
No. They can only reprimand, sus- pend,
and revoke licenses
Principles of a transaction
No. Therefore it is imperative to dis- close
dual agency before any offersare written
Contractual Obligations
A beginning and ending date
The permissions needed to show aproperty
as a "Dual Agent"
2/5
