Superior Real Estate School: Study for
Retake Pre-Licensing Course Exam
(Verified)
A buyer-client has instructed the agent to show only properties where the
seller is willing to pay the buyer agent's commission. The agent contacts an
owner selling a property without the assistance of a real estate agent with
the hope that the seller would be willing to pay her commission if the buyer
decided to purchase the seller's property. In order to comply with North
Carolina Real Estate Commission Rules, the agent must do all of the
following, EXCEPT:
A. obtain permission from her buyer-client in order to obtain compensation
from the seller
B. disclose her agency status to the seller at initial contact
C. convince the seller to list with her and authorize dual agency
D. provide the Working with Real Estate Agents brochure to the seller ---
ANSWER--- C. convince the seller to list with her and authorize dual
agency
A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200
per front foot. How much money would an individual agent receive for a
60% share of the 10% commission earned?
A. $640
B. $960
C. $1,600
,D. $2,400 ---ANSWER--- B. $960
A seller sold his property for $97,000. He made a 321.74% profit. What
was the purchase price of the property?
A. $13,000
B. $23,000
C. $74,000
D. $97,000 ---ANSWER--- B. $23,000
Designated agency in North Carolina is considered:
I. A form of dual agency II. Mandatory if you practice dual agency
A. I only
B. II only
C. Both I and II
D. Neither I nor II ---ANSWER--- A. I only
Designated agency can be practiced:
I. Between two firms II. Between a broker-in-charge and a provisional
broker licensee in their office
A. I only
B. II only
, C. Both I and II
D. Neither I nor II ---ANSWER--- D. Neither I nor II
Under the general principles of agency, when a licensee is acting on behalf
of a client and acts improperly who is liable for the acts of the licensee?
A. only the client
B. only the licensee and the broker-in-charge
C. only the client and the licensee
D. the client, the licensee, the firm and or the broker-in-charge ---
ANSWER--- D. the client, the licensee, the firm and or the broker-in-
charge
A disclosure of agency status should be made by a buyer's agent to the
seller:
l. With a written confirmation in the offer to purchase and contract ll. At
the initial contact with the seller's agent, orally or in writing
A. l only
B. ll only
C. Both l and ll
D. Neither l nor ll ---ANSWER--- C. Both l and ll
Which of the following would be dual agency?
Retake Pre-Licensing Course Exam
(Verified)
A buyer-client has instructed the agent to show only properties where the
seller is willing to pay the buyer agent's commission. The agent contacts an
owner selling a property without the assistance of a real estate agent with
the hope that the seller would be willing to pay her commission if the buyer
decided to purchase the seller's property. In order to comply with North
Carolina Real Estate Commission Rules, the agent must do all of the
following, EXCEPT:
A. obtain permission from her buyer-client in order to obtain compensation
from the seller
B. disclose her agency status to the seller at initial contact
C. convince the seller to list with her and authorize dual agency
D. provide the Working with Real Estate Agents brochure to the seller ---
ANSWER--- C. convince the seller to list with her and authorize dual
agency
A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200
per front foot. How much money would an individual agent receive for a
60% share of the 10% commission earned?
A. $640
B. $960
C. $1,600
,D. $2,400 ---ANSWER--- B. $960
A seller sold his property for $97,000. He made a 321.74% profit. What
was the purchase price of the property?
A. $13,000
B. $23,000
C. $74,000
D. $97,000 ---ANSWER--- B. $23,000
Designated agency in North Carolina is considered:
I. A form of dual agency II. Mandatory if you practice dual agency
A. I only
B. II only
C. Both I and II
D. Neither I nor II ---ANSWER--- A. I only
Designated agency can be practiced:
I. Between two firms II. Between a broker-in-charge and a provisional
broker licensee in their office
A. I only
B. II only
, C. Both I and II
D. Neither I nor II ---ANSWER--- D. Neither I nor II
Under the general principles of agency, when a licensee is acting on behalf
of a client and acts improperly who is liable for the acts of the licensee?
A. only the client
B. only the licensee and the broker-in-charge
C. only the client and the licensee
D. the client, the licensee, the firm and or the broker-in-charge ---
ANSWER--- D. the client, the licensee, the firm and or the broker-in-
charge
A disclosure of agency status should be made by a buyer's agent to the
seller:
l. With a written confirmation in the offer to purchase and contract ll. At
the initial contact with the seller's agent, orally or in writing
A. l only
B. ll only
C. Both l and ll
D. Neither l nor ll ---ANSWER--- C. Both l and ll
Which of the following would be dual agency?
