301- NC POST LICENSING QUESTIONS WITH
100% ACCURATE ANSWERS
Can an inactive agent be paid a referral commission if they were active at the time they made the
referral? - Accurate answers Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? - Accurate answers Before an offer is made, Yes. Dual agency
must be in writing and signed by both parties
At a listing appointment, the agent should be gathering all information for listing and what? - Accurate
answers Advertising
May a BIC and their Provisional Broker enter into dual agency together? - Accurate answers No.
Because the BIC oversees the PBs transactions, this would be a conflict of interest
When must all agency be "Written" - Accurate answers Prior to first offer
Are all in-house transactions Dual Agency? - Accurate answers No. The exceptions would be Seller
Sub Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - Accurate answers No. They can only reprimand,
suspend, and revoke licenses
Who can sue agents civilly for monetary compensation? - Accurate answers Principles of a
transaction
If Dual Agency is not disclosed is a commission due? - Accurate answers No. Therefore it is
imperative to disclose dual agency before any offers are written
As a dual agent, the agent's duties are reduced to what? - Accurate answers Contractual
Obligations
What must all agency agreements have? - Accurate answers A beginning and ending date
Oral to Oral & Written to Written describe what? - Accurate answers The permissions needed to
show a property as a "Dual Agent"
What should every agent bring to a listing appointment? - Accurate answers Deed, Plot Map, Tax
Info, RPD, MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? - Accurate answers The listing agent,
regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive listing agreement? - Accurate answers Whomever brings a buyer
100% ACCURATE ANSWERS
Can an inactive agent be paid a referral commission if they were active at the time they made the
referral? - Accurate answers Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? - Accurate answers Before an offer is made, Yes. Dual agency
must be in writing and signed by both parties
At a listing appointment, the agent should be gathering all information for listing and what? - Accurate
answers Advertising
May a BIC and their Provisional Broker enter into dual agency together? - Accurate answers No.
Because the BIC oversees the PBs transactions, this would be a conflict of interest
When must all agency be "Written" - Accurate answers Prior to first offer
Are all in-house transactions Dual Agency? - Accurate answers No. The exceptions would be Seller
Sub Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - Accurate answers No. They can only reprimand,
suspend, and revoke licenses
Who can sue agents civilly for monetary compensation? - Accurate answers Principles of a
transaction
If Dual Agency is not disclosed is a commission due? - Accurate answers No. Therefore it is
imperative to disclose dual agency before any offers are written
As a dual agent, the agent's duties are reduced to what? - Accurate answers Contractual
Obligations
What must all agency agreements have? - Accurate answers A beginning and ending date
Oral to Oral & Written to Written describe what? - Accurate answers The permissions needed to
show a property as a "Dual Agent"
What should every agent bring to a listing appointment? - Accurate answers Deed, Plot Map, Tax
Info, RPD, MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? - Accurate answers The listing agent,
regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive listing agreement? - Accurate answers Whomever brings a buyer
