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301- NC POST LICENSING
2025 QUESTIONS AND
ANSWERS.
1. Oral to Oral & Written to Written describe what? - Correct answer-The
permissions needed to show a property as a "Dual Agent"
2. What should every agent bring to a listing appointment? - Correct
answer-Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement
(Several Other items)
3. Who gets paid in an Exclusive Right to Sell listing agreement? - Correct
answer-The listing agent, regardless of who brings a buyer, and likely
the buyer agent
4. Who gets paid in an exclusive listing agreement? - Correct answer-
Whomever brings a buyer
5. Who can sell a property in an Open listing? - Correct answer-Any
actively licensed agent
6. In a net listing money above the asking price is paid to whom? - Correct
answer-Listing Agent
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7. Who is the actual agent to the principle in a transaction? - Correct
answer-The Firm (Individual agents are sub agents to seller)
8. No M.O.G. is needed for what 3 listings? - Correct answer-Lease to
purchase, 1st Dwelling, and Foreclosure
9. When should WWREA be explained / signed? - Correct answer-At first
substantial contact
10. If you miss the 6/10 Deadline for CE what must you do to re-activate
your license? - Correct answer-Complete latest General Update (4
Hours), and 3 CE Classes (4 hours each) Total of 16 hours
11. Under NC License Law who can be held responsible for reporting
Material Facts? - Correct answer-Only Agents... (License Law)
12. Under Civil /Criminal law who can be held responsible for reporting
Material Facts? - Correct answer-Principles
13. Name the 4 types of Material Facts - Correct answer-Facts about the
property, facts that relate to the property, facts relating to the ability to
close the transaction, and facts of special importance
301- NC POST LICENSING
2025 QUESTIONS AND
ANSWERS.
1. Oral to Oral & Written to Written describe what? - Correct answer-The
permissions needed to show a property as a "Dual Agent"
2. What should every agent bring to a listing appointment? - Correct
answer-Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement
(Several Other items)
3. Who gets paid in an Exclusive Right to Sell listing agreement? - Correct
answer-The listing agent, regardless of who brings a buyer, and likely
the buyer agent
4. Who gets paid in an exclusive listing agreement? - Correct answer-
Whomever brings a buyer
5. Who can sell a property in an Open listing? - Correct answer-Any
actively licensed agent
6. In a net listing money above the asking price is paid to whom? - Correct
answer-Listing Agent
, Page |2
7. Who is the actual agent to the principle in a transaction? - Correct
answer-The Firm (Individual agents are sub agents to seller)
8. No M.O.G. is needed for what 3 listings? - Correct answer-Lease to
purchase, 1st Dwelling, and Foreclosure
9. When should WWREA be explained / signed? - Correct answer-At first
substantial contact
10. If you miss the 6/10 Deadline for CE what must you do to re-activate
your license? - Correct answer-Complete latest General Update (4
Hours), and 3 CE Classes (4 hours each) Total of 16 hours
11. Under NC License Law who can be held responsible for reporting
Material Facts? - Correct answer-Only Agents... (License Law)
12. Under Civil /Criminal law who can be held responsible for reporting
Material Facts? - Correct answer-Principles
13. Name the 4 types of Material Facts - Correct answer-Facts about the
property, facts that relate to the property, facts relating to the ability to
close the transaction, and facts of special importance
