Superior Real Estate School: Study for Retake Pre-Licensing Course Exam with Verified Solutions 2024 Update

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam with Verified Solutions 2024 Update Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II - Answer -A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only C. Both I and II D. Neither I nor II - Answer -D. Neither I nor II Under the general principles of agency, when a licensee is acting on behalf of a client and acts improperly who is liable for the acts of the licensee? A. only the client B. only the licensee and the broker-in-charge C. only the client and the licenseeD. the client, the licensee, the firm and or the broker-in-charge - Answer -D. the client, the licensee, the firm and or the broker-in-charge A disclosure of agency status should be made by a buyer's agent to the seller: l. With a written confirmation in the offer to purchase and contract ll. At the initial contact with the seller's agent, orally or in writing A. l only B. ll only C. Both l and ll D. Neither l nor ll - Answer -C. Both l and ll