301- NC Post Licensing ACTUAL FINAL EXAM | COMPLETE
QUESTIONS AND ANSWERS 2025 LATEST UPDATED | 100% RATED
CORRECT | GET A+
Can an inactive agent be paid a referral commission if they were active at the time they made the
referral? - (Correct Answer)Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? - (Correct 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? -
(Correct Answer)Advertising
May a BIC and their Provisional Broker enter into dual agency together? - (Correct Answer)No.
Because the BIC oversees the PBs transactions, this would be a conflict of interest
When must all agency be "Written" - (Correct Answer)Prior to first offer
Are all in-house transactions Dual Agency? - (Correct Answer)No. The exceptions would be
Seller Sub Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - (Correct Answer)No. They can only reprimand,
suspend, and revoke licenses
Who can sue agents civilly for monetary compensation? - (Correct Answer)Principles of a
transaction
If Dual Agency is not disclosed is a commission due? - (Correct 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? - (Correct Answer)Contractual
Obligations
What must all agency agreements have? - (Correct Answer)A beginning and ending date
Oral to Oral & Written to Written describe what? - (Correct Answer)The permissions needed to
show a property as a "Dual Agent"
What should every agent bring to a listing appointment? - (Correct Answer)Deed, Plot Map, Tax
Info, RPD, MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? - (Correct Answer)The listing
agent, regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive listing agreement? - (Correct Answer)Whomever brings a buyer
Who can sell a property in an Open listing? - (Correct Answer)Any actively licensed agent
In a net listing money above the asking price is paid to whom? - (Correct Answer)Listing Agent
Who is the actual agent to the principle in a transaction? - (Correct Answer)The Firm (Individual
agents are sub agents to seller)
No M.O.G. is needed for what 3 listings? - (Correct Answer)Lease to purchase, 1st Dwelling,
and Foreclosure
When should WWREA be explained / signed? - (Correct Answer)At first substantial contact
QUESTIONS AND ANSWERS 2025 LATEST UPDATED | 100% RATED
CORRECT | GET A+
Can an inactive agent be paid a referral commission if they were active at the time they made the
referral? - (Correct Answer)Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? - (Correct 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? -
(Correct Answer)Advertising
May a BIC and their Provisional Broker enter into dual agency together? - (Correct Answer)No.
Because the BIC oversees the PBs transactions, this would be a conflict of interest
When must all agency be "Written" - (Correct Answer)Prior to first offer
Are all in-house transactions Dual Agency? - (Correct Answer)No. The exceptions would be
Seller Sub Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - (Correct Answer)No. They can only reprimand,
suspend, and revoke licenses
Who can sue agents civilly for monetary compensation? - (Correct Answer)Principles of a
transaction
If Dual Agency is not disclosed is a commission due? - (Correct 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? - (Correct Answer)Contractual
Obligations
What must all agency agreements have? - (Correct Answer)A beginning and ending date
Oral to Oral & Written to Written describe what? - (Correct Answer)The permissions needed to
show a property as a "Dual Agent"
What should every agent bring to a listing appointment? - (Correct Answer)Deed, Plot Map, Tax
Info, RPD, MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? - (Correct Answer)The listing
agent, regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive listing agreement? - (Correct Answer)Whomever brings a buyer
Who can sell a property in an Open listing? - (Correct Answer)Any actively licensed agent
In a net listing money above the asking price is paid to whom? - (Correct Answer)Listing Agent
Who is the actual agent to the principle in a transaction? - (Correct Answer)The Firm (Individual
agents are sub agents to seller)
No M.O.G. is needed for what 3 listings? - (Correct Answer)Lease to purchase, 1st Dwelling,
and Foreclosure
When should WWREA be explained / signed? - (Correct Answer)At first substantial contact
