301- NC Post Licensing Exam Ques ons and answers
NEW!! 2025/2026 RATED A+
Can an inac ve agent be paid a referral commission if they were ac ve at the me they made
the referral? - Answers Yes. If and only if they were ac ve at me of referral
Must Dual Agency be in wri ng? - Answers Before an offer is made, Yes. Dual agency must be
in wri ng and signed by both par es
At a lis ng appointment, the agent should be gathering all informa on for lis ng and what? -
Answers Adver sing
May a BIC and their Provisional Broker enter into dual agency together? - Answers No.
Because the BIC oversees the PBs transac ons, this would be a conflict of interest
When must all agency be "Wri*en" - Answers Prior to first offer
Are all in-house transac ons Dual Agency? - Answers No. The excep ons would be Seller Sub
Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - Answers No. They can only reprimand,
suspend, and revoke licenses
Who can sue agents civilly for monetary compensa on? - Answers Principles of a transac on
If Dual Agency is not disclosed is a commission due? - Answers No. Therefore it is impera ve
to disclose dual agency before any offers are wri*en
As a dual agent, the agent's du es are reduced to what? - Answers Contractual Obliga ons
, What must all agency agreements have? - Answers A beginning and ending date
Oral to Oral & Wri*en to Wri*en describe what? - Answers The permissions needed to show
a property as a "Dual Agent"
What should every agent bring to a lis ng appointment? - Answers Deed, Plot Map, Tax Info,
RPD, MOG, Lis ng Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell lis ng agreement? - Answers The lis ng agent,
regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive lis ng agreement? - Answers Whomever brings a buyer
Who can sell a property in an Open lis ng? - Answers Any ac vely licensed agent
In a net lis ng money above the asking price is paid to whom? - Answers Lis ng Agent
Who is the actual agent to the principle in a transac on? - Answers The Firm (Individual
agents are sub agents to seller)
No M.O.G. is needed for what 3 lis ngs? - Answers Lease to purchase, 1st Dwelling, and
Foreclosure
When should WWREA be explained / signed? - Answers At first substan al contact
If you miss the 6/10 Deadline for CE what must you do to re-ac vate your license? - Answers
Complete latest General Update (4 Hours), and 3 CE Classes (4 hours each) Total of 16 hours
NEW!! 2025/2026 RATED A+
Can an inac ve agent be paid a referral commission if they were ac ve at the me they made
the referral? - Answers Yes. If and only if they were ac ve at me of referral
Must Dual Agency be in wri ng? - Answers Before an offer is made, Yes. Dual agency must be
in wri ng and signed by both par es
At a lis ng appointment, the agent should be gathering all informa on for lis ng and what? -
Answers Adver sing
May a BIC and their Provisional Broker enter into dual agency together? - Answers No.
Because the BIC oversees the PBs transac ons, this would be a conflict of interest
When must all agency be "Wri*en" - Answers Prior to first offer
Are all in-house transac ons Dual Agency? - Answers No. The excep ons would be Seller Sub
Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - Answers No. They can only reprimand,
suspend, and revoke licenses
Who can sue agents civilly for monetary compensa on? - Answers Principles of a transac on
If Dual Agency is not disclosed is a commission due? - Answers No. Therefore it is impera ve
to disclose dual agency before any offers are wri*en
As a dual agent, the agent's du es are reduced to what? - Answers Contractual Obliga ons
, What must all agency agreements have? - Answers A beginning and ending date
Oral to Oral & Wri*en to Wri*en describe what? - Answers The permissions needed to show
a property as a "Dual Agent"
What should every agent bring to a lis ng appointment? - Answers Deed, Plot Map, Tax Info,
RPD, MOG, Lis ng Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell lis ng agreement? - Answers The lis ng agent,
regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive lis ng agreement? - Answers Whomever brings a buyer
Who can sell a property in an Open lis ng? - Answers Any ac vely licensed agent
In a net lis ng money above the asking price is paid to whom? - Answers Lis ng Agent
Who is the actual agent to the principle in a transac on? - Answers The Firm (Individual
agents are sub agents to seller)
No M.O.G. is needed for what 3 lis ngs? - Answers Lease to purchase, 1st Dwelling, and
Foreclosure
When should WWREA be explained / signed? - Answers At first substan al contact
If you miss the 6/10 Deadline for CE what must you do to re-ac vate your license? - Answers
Complete latest General Update (4 Hours), and 3 CE Classes (4 hours each) Total of 16 hours
