301- NC Post Licensing Ques ons and answers Newest
RATED A+ 2025/2026
Can an inac ve agent be paid a referral commission if they were ac ve at the me they made
the referral? - CORRECT ANSWERS Yes. If and only if they were ac ve at me of referral
Must Dual Agency be in wri ng? - CORRECT ANSWERS Before an offer is made, Yes. Dual
agency must be in wri ng and signed by both par es
At a lis ng appointment, the agent should be gathering all informa on for lis ng and what? -
CORRECT ANSWERS Adver sing
May a BIC and their Provisional Broker enter into dual agency together? - CORRECT ANSWERS
No. Because the BIC oversees the PBs transac ons, this would be a conflict of interest
When must all agency be "Wri/en" - CORRECT ANSWERS Prior to first offer
Are all in-house transac ons Dual Agency? - CORRECT ANSWERS No. The excep ons would be
Seller Sub Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - CORRECT ANSWERS No. They can only
reprimand, suspend, and revoke licenses
Who can sue agents civilly for monetary compensa on? - CORRECT ANSWERS Principles of a
transac on
If Dual Agency is not disclosed is a commission due? - CORRECT ANSWERS No. Therefore it is
impera ve to disclose dual agency before any offers are wri/en
, As a dual agent, the agent's du es are reduced to what? - CORRECT ANSWERS Contractual
Obliga ons
What must all agency agreements have? - CORRECT ANSWERS A beginning and ending date
Oral to Oral & Wri/en to Wri/en describe what? - CORRECT ANSWERS The permissions
needed to show a property as a "Dual Agent"
What should every agent bring to a lis ng appointment? - CORRECT ANSWERS Deed, Plot
Map, Tax Info, RPD, MOG, Lis ng Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell lis ng agreement? - CORRECT ANSWERS The lis ng
agent, regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive lis ng agreement? - CORRECT ANSWERS Whomever brings a
buyer
Who can sell a property in an Open lis ng? - CORRECT ANSWERS Any ac vely licensed agent
In a net lis ng money above the asking price is paid to whom? - CORRECT ANSWERS Lis ng
Agent
Who is the actual agent to the principle in a transac on? - CORRECT ANSWERS The Firm
(Individual agents are sub agents to seller)
No M.O.G. is needed for what 3 lis ngs? - CORRECT ANSWERS Lease to purchase, 1st Dwelling,
and Foreclosure
RATED A+ 2025/2026
Can an inac ve agent be paid a referral commission if they were ac ve at the me they made
the referral? - CORRECT ANSWERS Yes. If and only if they were ac ve at me of referral
Must Dual Agency be in wri ng? - CORRECT ANSWERS Before an offer is made, Yes. Dual
agency must be in wri ng and signed by both par es
At a lis ng appointment, the agent should be gathering all informa on for lis ng and what? -
CORRECT ANSWERS Adver sing
May a BIC and their Provisional Broker enter into dual agency together? - CORRECT ANSWERS
No. Because the BIC oversees the PBs transac ons, this would be a conflict of interest
When must all agency be "Wri/en" - CORRECT ANSWERS Prior to first offer
Are all in-house transac ons Dual Agency? - CORRECT ANSWERS No. The excep ons would be
Seller Sub Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - CORRECT ANSWERS No. They can only
reprimand, suspend, and revoke licenses
Who can sue agents civilly for monetary compensa on? - CORRECT ANSWERS Principles of a
transac on
If Dual Agency is not disclosed is a commission due? - CORRECT ANSWERS No. Therefore it is
impera ve to disclose dual agency before any offers are wri/en
, As a dual agent, the agent's du es are reduced to what? - CORRECT ANSWERS Contractual
Obliga ons
What must all agency agreements have? - CORRECT ANSWERS A beginning and ending date
Oral to Oral & Wri/en to Wri/en describe what? - CORRECT ANSWERS The permissions
needed to show a property as a "Dual Agent"
What should every agent bring to a lis ng appointment? - CORRECT ANSWERS Deed, Plot
Map, Tax Info, RPD, MOG, Lis ng Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell lis ng agreement? - CORRECT ANSWERS The lis ng
agent, regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive lis ng agreement? - CORRECT ANSWERS Whomever brings a
buyer
Who can sell a property in an Open lis ng? - CORRECT ANSWERS Any ac vely licensed agent
In a net lis ng money above the asking price is paid to whom? - CORRECT ANSWERS Lis ng
Agent
Who is the actual agent to the principle in a transac on? - CORRECT ANSWERS The Firm
(Individual agents are sub agents to seller)
No M.O.G. is needed for what 3 lis ngs? - CORRECT ANSWERS Lease to purchase, 1st Dwelling,
and Foreclosure
