2019 North Carolina Post Licensing Laws and Rules Exam
Questions AND Correct Answers
Activities requiring a license - ✔✔1. Listing
2. Selling
3. Leasing or Renting
4. Conducting a real estate auction
5. Selling, buying, leasing, assigning or exchanging any interest in real
estate
6. Referring for compensation
All commissions and bonus have to be disclosed in writing before an
offer is made - ✔✔True
Buyers permission can be either - ✔✔in writing or oral. If they have a
written buyers agency agreement then they need written permission
Can a BIC and a provisional broker under their supervision represent
in a dual agency agreement? - ✔✔No
Can a trust account gain interest? - ✔✔Yes, but you have to take the
interest out monthly
Questions AND Correct Answers
Activities requiring a license - ✔✔1. Listing
2. Selling
3. Leasing or Renting
4. Conducting a real estate auction
5. Selling, buying, leasing, assigning or exchanging any interest in real
estate
6. Referring for compensation
All commissions and bonus have to be disclosed in writing before an
offer is made - ✔✔True
Buyers permission can be either - ✔✔in writing or oral. If they have a
written buyers agency agreement then they need written permission
Can a BIC and a provisional broker under their supervision represent
in a dual agency agreement? - ✔✔No
Can a trust account gain interest? - ✔✔Yes, but you have to take the
interest out monthly
