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Exam (elaborations)

301- NC Post Licensing Questions with Detailed Verified Answers (100% Correct Answers) /Already Graded A+

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Preview 2 out of 8 pages

301- NC Post Licensing Questions with Detailed Verified Answers (100% Correct Answers) /Already Graded A+

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1 Exampromax - Stuvia US 2025/2026


301- NC Post Licensing Questions with
Detailed Verified Answers (100% Correct
Answers) /Already Graded A+
Can an inactive agent be paid a referral commission if they were active at
the time they made the referral?
✓✓ Yes. If and only if they were active at time of referral


Must Dual Agency be in writing?
✓✓ Before an offer is made, Yes. Dual agency must be in writing and
©, 2025 All rights reserved®




signed by both parties
Exampromax - Stuvia US




At a listing appointment, the agent should be gathering all information for
listing and what?
✓✓ Advertising


May a BIC and their Provisional Broker enter into dual agency together?
✓✓ No. Because the BIC oversees the PBs transactions, this would be a
conflict of interest


When must all agency be "Written"
✓✓ Prior to first offer


Are all in-house transactions Dual Agency?
✓✓ No. The exceptions would be Seller Sub Agency or Unrepresented
Buyers


Can The Real Estate Commission fine brokers?

, 2 Exampromax - Stuvia US 2025/2026

✓✓ No. They can only reprimand, suspend, and revoke licenses


Who can sue agents civilly for monetary compensation?
✓✓ Principles of a transaction


If Dual Agency is not disclosed is a commission due?
✓✓ No. Therefore it is imperative to disclose dual agency before any offers
are written
©, 2025 All rights reserved®




As a dual agent, the agent's duties are reduced to what?
Exampromax - Stuvia US




✓✓ Contractual Obligations


What must all agency agreements have?
✓✓ A beginning and ending date


Oral to Oral & Written to Written describe what?
✓✓ The permissions needed to show a property as a "Dual Agent"


What should every agent bring to a listing appointment?
✓✓ Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several
Other items)


Who gets paid in an Exclusive Right to Sell listing agreement?
✓✓ The listing agent, regardless of who brings a buyer, and likely the
buyer agent


Who gets paid in an exclusive listing agreement?

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