301- NC Post Licensing Questions With 100% Correct Answers.

Can an inactive agent be paid a referral commission if they were active at the time they made the referral? - Yes. If and only if they were active at time of referral Must Dual Agency be in writing? - 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? - Advertising May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC oversees the PBs transactions, this would be a conflict of interest When must all agency be "Written" - Prior to first offer Are all in-house transactions Dual Agency? - No. The exceptions would be Seller Sub Agency or Unrepresented Buyers Can The Real Estate Commission fine brokers? - No. They can only reprimand, suspend, and revoke licenses Who can sue agents civilly for monetary compensation? - Principles of a transaction If Dual Agency is not disclosed is a commission due? - 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? - Contractual Obligations What must all agency agreements have? - A beginning and ending dateOral to Oral & Written to Written describe what? - The permissions needed to show a property as a "Dual Agent" What should every agent bring to a listing appointment? - Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several Other items) Who gets paid in an Exclusive Right to Sell listing agreement? - The listing agent, regardless of who brings a buyer, and likely the buyer agent Who gets paid in an exclusive listing agreement? - Whomever brings a buyer Who can sell a property in an Open listing? - Any actively licensed agent