Real Estate Post Licensing 301 -
Working as a Limited Services Broker &
Multiple Listing Service and Issues
Chapters Exam Q&A 100% Pass
Tracy is affiliated with Green Acres Realty and recently listed a property.
Shortly after signing the listing agreement on behalf of the firm, Tracy
passes away. Which of the following statements would be true regarding
the listing agreement?
A) The terms of the listing agreement will be carried out by Tracy's estate.
B) The listing agreement would have to be terminated by a civil lawsuit.
C) The listing agreement is still valid.
D) The listing agreement is terminated when Tracy dies. - ✔✔
Catherine is affiliated with Best Homes Realty and is completing the
exclusive right to sell listing agreement with Tony who is selling his home
due to a job transfer. On the signature page, she fills out her name, firm
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,name and address, contact information, date and signs on behalf of the
firm. What other information does Catherine need to provide regarding
herself or her firm?
A) Catherine needs to provide the expiration date of her license.
B) Catherine needs to provide her real estate license number.
C) Catherine needs to provide her sales volume numbers for the past 12
months.
D) Catherine needs to provide whether her license is a provisional broker
or full broker license. - ✔✔
Betul, a broker affiliated with Green Acres Realty, is in a listing meeting
with Justin. Justin decides he would like to work with Betul and Green
Acres Realty. According to North Carolina Real Estate Commission rules,
what does Betul need to do in order to create an agency relationship with
Justin?
A) Betul can have an oral agreement with Justin until closing and then must
be reduced to writing at that time.
B) Betul can have an oral agreement with Justin until the due diligence
period and then must be reduced to writing at that time.
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,C) Betul needs to have a signed listing agreement with Justin from the
beginning of their relationship.
D) Betul can have an oral agreement with Justin until they receive an offer
on his property and then must be reduced to writing at that time. - ✔✔
Which of the following statements is TRUE regarding list price and terms?
A) Llisting agent needs to hire and pay for a licensed real estate appraiser
to perform an appraisal on the property in order to properly advise the
seller on listing price.
B) The listing agent has no duty to advise the seller on listing price because
it would be a violation of their fiduciary duties to the seller.
C) The listing agent needs to have personally prepared an appraisal on the
property for the seller before advising them on listing price.
D) The listing agent needs to have completed some form of analysis to
determine probable sales price for the seller before advising them on listing
price. - ✔✔
Lonnie has recently listed his property for sale with Jesse Jones, sole
proprietorship. Soon after they sign the listing agreement Jesse dies.
Which of the following statements would be TRUE regarding the listing
agreement?
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, A) The listing agreement is still valid.
B) The listing agreement would have to be terminated by a civil lawsuit.
C) The terms of the listing agreement will be carried out by Jesse's estate.
D) The listing agreement is terminated when Jesse dies. - ✔✔
When the broker produces a buyer ready, willing, and able to buy under the
terms specified in the listing contract, the broker remains entitled to a
brokerage fee even if the transaction fails due to all of the following
EXCEPT
A) the seller insists on sale terms and conditions not stated in the listing
contract.
B) the seller has a defect in title.
C) the buyer fails to obtain loan approval after they have gone under
contract with the seller.
D) the seller will be unable to deliver possession within a reasonable time. -
✔✔
Alicia is the listing agent for Tiffany, the seller. Alicia needs to indicate the
price and terms Tiffany is willing to accept in the listing agreement. The
listing agreement includes a place for the seller to indicate if they would be
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
Working as a Limited Services Broker &
Multiple Listing Service and Issues
Chapters Exam Q&A 100% Pass
Tracy is affiliated with Green Acres Realty and recently listed a property.
Shortly after signing the listing agreement on behalf of the firm, Tracy
passes away. Which of the following statements would be true regarding
the listing agreement?
A) The terms of the listing agreement will be carried out by Tracy's estate.
B) The listing agreement would have to be terminated by a civil lawsuit.
C) The listing agreement is still valid.
D) The listing agreement is terminated when Tracy dies. - ✔✔
Catherine is affiliated with Best Homes Realty and is completing the
exclusive right to sell listing agreement with Tony who is selling his home
due to a job transfer. On the signature page, she fills out her name, firm
1
©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,name and address, contact information, date and signs on behalf of the
firm. What other information does Catherine need to provide regarding
herself or her firm?
A) Catherine needs to provide the expiration date of her license.
B) Catherine needs to provide her real estate license number.
C) Catherine needs to provide her sales volume numbers for the past 12
months.
D) Catherine needs to provide whether her license is a provisional broker
or full broker license. - ✔✔
Betul, a broker affiliated with Green Acres Realty, is in a listing meeting
with Justin. Justin decides he would like to work with Betul and Green
Acres Realty. According to North Carolina Real Estate Commission rules,
what does Betul need to do in order to create an agency relationship with
Justin?
A) Betul can have an oral agreement with Justin until closing and then must
be reduced to writing at that time.
B) Betul can have an oral agreement with Justin until the due diligence
period and then must be reduced to writing at that time.
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
,C) Betul needs to have a signed listing agreement with Justin from the
beginning of their relationship.
D) Betul can have an oral agreement with Justin until they receive an offer
on his property and then must be reduced to writing at that time. - ✔✔
Which of the following statements is TRUE regarding list price and terms?
A) Llisting agent needs to hire and pay for a licensed real estate appraiser
to perform an appraisal on the property in order to properly advise the
seller on listing price.
B) The listing agent has no duty to advise the seller on listing price because
it would be a violation of their fiduciary duties to the seller.
C) The listing agent needs to have personally prepared an appraisal on the
property for the seller before advising them on listing price.
D) The listing agent needs to have completed some form of analysis to
determine probable sales price for the seller before advising them on listing
price. - ✔✔
Lonnie has recently listed his property for sale with Jesse Jones, sole
proprietorship. Soon after they sign the listing agreement Jesse dies.
Which of the following statements would be TRUE regarding the listing
agreement?
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
, A) The listing agreement is still valid.
B) The listing agreement would have to be terminated by a civil lawsuit.
C) The terms of the listing agreement will be carried out by Jesse's estate.
D) The listing agreement is terminated when Jesse dies. - ✔✔
When the broker produces a buyer ready, willing, and able to buy under the
terms specified in the listing contract, the broker remains entitled to a
brokerage fee even if the transaction fails due to all of the following
EXCEPT
A) the seller insists on sale terms and conditions not stated in the listing
contract.
B) the seller has a defect in title.
C) the buyer fails to obtain loan approval after they have gone under
contract with the seller.
D) the seller will be unable to deliver possession within a reasonable time. -
✔✔
Alicia is the listing agent for Tiffany, the seller. Alicia needs to indicate the
price and terms Tiffany is willing to accept in the listing agreement. The
listing agreement includes a place for the seller to indicate if they would be
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©NINJANERD 2025/2026. YEAR PUBLISHED 2025.
