301 NC POST LICENSING EXAM 2026
REVISION NOTES AND FULL REAL ESTATE POST
LICENSING OVERVIEW
◉ What must all agency agreements have? Answer: A beginning and
ending date
◉ Oral to Oral & Written to Written describe what? Answer: The
permissions needed to show a property as a "Dual Agent"
◉ What should every agent bring to a listing appointment? Answer:
Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several
Other items)
◉ Who gets paid in an Exclusive Right to Sell listing agreement?
Answer: The listing agent, regardless of who brings a buyer, and
likely the buyer agent
◉ Who gets paid in an exclusive listing agreement? Answer:
Whomever brings a buyer
◉ Who can sell a property in an Open listing? Answer: Any actively
licensed agent
, ◉ In a net listing money above the asking price is paid to whom?
Answer: Listing Agent
◉ Who is the actual agent to the principle in a transaction? Answer:
The Firm (Individual agents are sub agents to seller)
◉ No M.O.G. is needed for what 3 listings? Answer: Lease to
purchase, 1st Dwelling, and Foreclosure
◉ First Substantial Contact Answer: WWREA be explained / signed
Personal Information
Needs, Motivations, and Pre-Approval
◉ If you miss the 6/10 Deadline for CE what must you do to re-
activate your license? Answer: Complete latest General Update (4
Hours), and 3 CE Classes (4 hours each) Total of 16 hours
◉ Under NC License Law who can be held responsible for reporting
Material Facts? Answer: Only Agents... (License Law)
◉ Under Civil /Criminal law who can be held responsible for
reporting Material Facts? Answer: Principles
REVISION NOTES AND FULL REAL ESTATE POST
LICENSING OVERVIEW
◉ What must all agency agreements have? Answer: A beginning and
ending date
◉ Oral to Oral & Written to Written describe what? Answer: The
permissions needed to show a property as a "Dual Agent"
◉ What should every agent bring to a listing appointment? Answer:
Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several
Other items)
◉ Who gets paid in an Exclusive Right to Sell listing agreement?
Answer: The listing agent, regardless of who brings a buyer, and
likely the buyer agent
◉ Who gets paid in an exclusive listing agreement? Answer:
Whomever brings a buyer
◉ Who can sell a property in an Open listing? Answer: Any actively
licensed agent
, ◉ In a net listing money above the asking price is paid to whom?
Answer: Listing Agent
◉ Who is the actual agent to the principle in a transaction? Answer:
The Firm (Individual agents are sub agents to seller)
◉ No M.O.G. is needed for what 3 listings? Answer: Lease to
purchase, 1st Dwelling, and Foreclosure
◉ First Substantial Contact Answer: WWREA be explained / signed
Personal Information
Needs, Motivations, and Pre-Approval
◉ If you miss the 6/10 Deadline for CE what must you do to re-
activate your license? Answer: Complete latest General Update (4
Hours), and 3 CE Classes (4 hours each) Total of 16 hours
◉ Under NC License Law who can be held responsible for reporting
Material Facts? Answer: Only Agents... (License Law)
◉ Under Civil /Criminal law who can be held responsible for
reporting Material Facts? Answer: Principles
