301- North Carolina Post Licensing EXAM 2025 UPDATE Verified Questio
And Answers | Guaranteed Success!!
Study online at https://quizlet.com/_hi0i33
1. Can an inactive agent be paid a refer- Yes. If and only if they were active at 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 Broker No. Because the BIC oversees the PBs transactions,
enter into dual agency together? 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 No. The exceptions would be Seller Sub Agency or
Agency? Unrepresented Buyers
7. Can The Real Estate Commission fine No. They can only reprimand, suspend, and revoke
brokers? licenses
8. Who can sue agents civilly for mone- Principles of a transaction
tary compensation?
9. If Dual Agency is not disclosed is a No. Therefore it is imperative to disclose dual
commission due? agency before any offers are written
10. As a dual agent, the agent's duties are Contractual Obligations
reduced to what?
11. What must all agency agreements A beginning and ending date
have?
1/6
, 301- North Carolina Post Licensing EXAM 2025 UPDATE Verified Questio
And Answers | Guaranteed Success!!
Study online at https://quizlet.com/_hi0i33
12. Oral to Oral & Written to Written de- The permissions needed to show a property as a
scribe what? "Dual Agent"
13. What should every agent bring to a Deed, Plot Map, Tax Info, RPD, MOG, Listing Agree-
listing appointment? ment (Several Other items)
14. Who gets paid in an Exclusive Right to The listing agent, regardless of who brings a buyer,
Sell listing agreement? and likely the buyer agent
15. Who gets paid in an exclusive listing Whomever brings a buyer
agreement?
16. Who can sell a property in an Open Any actively licensed agent
listing?
17. In a net listing money above the ask- Listing Agent
ing price is paid to whom?
18. Who is the actual agent to the princi- The Firm (Individual agents are sub agents to sell-
ple in a transaction? er)
19. No M.O.G. is needed for what 3 list- Lease to purchase, 1st Dwelling, and Foreclosure
ings?
20. When should WWREA be explained / At first substantial contact
signed?
21. If you miss the 6/10 Deadline for CE Complete latest General Update (4 Hours), and 3
what must you do to re-activate your CE Classes (4 hours each) Total of 16 hours
license?
22. Only Agents... (License Law)
2/6
And Answers | Guaranteed Success!!
Study online at https://quizlet.com/_hi0i33
1. Can an inactive agent be paid a refer- Yes. If and only if they were active at 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 Broker No. Because the BIC oversees the PBs transactions,
enter into dual agency together? 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 No. The exceptions would be Seller Sub Agency or
Agency? Unrepresented Buyers
7. Can The Real Estate Commission fine No. They can only reprimand, suspend, and revoke
brokers? licenses
8. Who can sue agents civilly for mone- Principles of a transaction
tary compensation?
9. If Dual Agency is not disclosed is a No. Therefore it is imperative to disclose dual
commission due? agency before any offers are written
10. As a dual agent, the agent's duties are Contractual Obligations
reduced to what?
11. What must all agency agreements A beginning and ending date
have?
1/6
, 301- North Carolina Post Licensing EXAM 2025 UPDATE Verified Questio
And Answers | Guaranteed Success!!
Study online at https://quizlet.com/_hi0i33
12. Oral to Oral & Written to Written de- The permissions needed to show a property as a
scribe what? "Dual Agent"
13. What should every agent bring to a Deed, Plot Map, Tax Info, RPD, MOG, Listing Agree-
listing appointment? ment (Several Other items)
14. Who gets paid in an Exclusive Right to The listing agent, regardless of who brings a buyer,
Sell listing agreement? and likely the buyer agent
15. Who gets paid in an exclusive listing Whomever brings a buyer
agreement?
16. Who can sell a property in an Open Any actively licensed agent
listing?
17. In a net listing money above the ask- Listing Agent
ing price is paid to whom?
18. Who is the actual agent to the princi- The Firm (Individual agents are sub agents to sell-
ple in a transaction? er)
19. No M.O.G. is needed for what 3 list- Lease to purchase, 1st Dwelling, and Foreclosure
ings?
20. When should WWREA be explained / At first substantial contact
signed?
21. If you miss the 6/10 Deadline for CE Complete latest General Update (4 Hours), and 3
what must you do to re-activate your CE Classes (4 hours each) Total of 16 hours
license?
22. Only Agents... (License Law)
2/6
