301 NC POST LICENSING EXAM NEWST EXAM |
COMPLETE QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | VERIFIED ANSWERS | LATEST VERSION
Can an inactive agent be paid a referral commission if they were active at the time
they made the referral? - ...(ANSWERS)....Yes. If and only if they were active at
time of referral
Must Dual Agency be in writing? - ...(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? - ...(ANSWERS)....Advertising
May a BIC and their Provisional Broker enter into dual agency together? -
...(ANSWERS)....No. Because the BIC oversees the PBs transactions, this would be
a conflict of interest
When must all agency be "Written" - ...(ANSWERS)....Prior to first offer
Are all in-house transactions Dual Agency? - ...(ANSWERS)....No. The exceptions
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 compensation? -
...(ANSWERS)....Principles of a transaction
If Dual Agency is not disclosed is a commission due? - ...(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? -
...(ANSWERS)....Contractual Obligations
What must all agency agreements have? - ...(ANSWERS)....A beginning and
ending date
Oral to Oral & Written to Written describe what? - ...(ANSWERS)....The
permissions needed to show a property as a "Dual Agent"
What should every agent bring to a listing appointment? - ...(ANSWERS)....Deed,
Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? -
...(ANSWERS)....The listing agent, regardless of who brings a buyer, and likely the
buyer agent
Who gets paid in an exclusive listing agreement? - ...(ANSWERS)....Whomever
brings a buyer
COMPLETE QUESTIONS AND CORRECT ANSWERS |
GRADED A+ | VERIFIED ANSWERS | LATEST VERSION
Can an inactive agent be paid a referral commission if they were active at the time
they made the referral? - ...(ANSWERS)....Yes. If and only if they were active at
time of referral
Must Dual Agency be in writing? - ...(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? - ...(ANSWERS)....Advertising
May a BIC and their Provisional Broker enter into dual agency together? -
...(ANSWERS)....No. Because the BIC oversees the PBs transactions, this would be
a conflict of interest
When must all agency be "Written" - ...(ANSWERS)....Prior to first offer
Are all in-house transactions Dual Agency? - ...(ANSWERS)....No. The exceptions
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 compensation? -
...(ANSWERS)....Principles of a transaction
If Dual Agency is not disclosed is a commission due? - ...(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? -
...(ANSWERS)....Contractual Obligations
What must all agency agreements have? - ...(ANSWERS)....A beginning and
ending date
Oral to Oral & Written to Written describe what? - ...(ANSWERS)....The
permissions needed to show a property as a "Dual Agent"
What should every agent bring to a listing appointment? - ...(ANSWERS)....Deed,
Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? -
...(ANSWERS)....The listing agent, regardless of who brings a buyer, and likely the
buyer agent
Who gets paid in an exclusive listing agreement? - ...(ANSWERS)....Whomever
brings a buyer
