301- NC POST LICENSING EXAM 2025 QUESTIONS AND CORRECT
ANSWERS CURRENTLY TESTING EXAM VERSION WITH A PREDICTED
EXAM VERSION AND A STUDY GUIDE/ACCURATE AND EXPERT
CERTIFIED FOR GUARANTEED PASS/ LATEST UPDATE
Can an inactive agent be paid a referral commission if they were active at
the time they made the referral? -
ANSWER >>>>>Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? -
ANSWER >>>>>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? -
ANSWER >>>>>Advertising
May a BIC and their Provisional Broker enter into dual agency together? -
ANSWER >>>>>No. Because the BIC oversees the PBs transactions, this
would be a conflict of interest
When must all agency be "Written" -
ANSWER >>>>>Prior to first offer
Are all in-house transactions Dual Agency? -
ANSWER >>>>>No. The exceptions would be Seller Sub Agency or
Unrepresented Buyers
Can The Real Estate Commission fine brokers? -
, ANSWER >>>>>No. They can only reprimand, suspend, and revoke
licenses
Who can sue agents civilly for monetary compensation? -
ANSWER >>>>>Principles of a transaction
If Dual Agency is not disclosed is a commission due? -
ANSWER >>>>>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? -
ANSWER >>>>>Contractual Obligations
What must all agency agreements have? -
ANSWER >>>>>A beginning and ending date
Oral to Oral & Written to Written describe what? -
ANSWER >>>>>The permissions needed to show a property as a "Dual
Agent"
What should every agent bring to a listing appointment? -
ANSWER >>>>>Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement
(Several
Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? -
ANSWER >>>>>The listing agent, regardless of who brings a buyer, and
likely the buyer agent
Who gets paid in an exclusive listing agreement? -
, ANSWER >>>>>Whomever brings a buyer
Who can sell a property in an Open listing? -
ANSWER >>>>>Any actively licensed agent
In a net listing money above the asking price is paid to whom? -
ANSWER >>>>>Listing Agent
Who is the actual agent to the principle in a transaction? -
ANSWER >>>>>The Firm (Individual agents are sub agents to seller)
No M.O.G. is needed for what 3 listings? -
ANSWER >>>>>Lease to purchase, 1st Dwelling, and Foreclosure
When should WWREA be explained / signed? -
ANSWER >>>>>At first substantial contact
If you miss the 6/10 Deadline for CE what must you do to re-activate your
license? -
ANSWER >>>>>Complete latest General Update (4 Hours), and 3 CE
Classes (4 hours each) Total of 16 hours
Under NC License Law who can be held responsible for reporting Material
Facts? -
ANSWER >>>>>Only Agents... (License Law)
Under Civil /Criminal law who can be held responsible for reporting
Material Facts? -
ANSWER >>>>>Principles
ANSWERS CURRENTLY TESTING EXAM VERSION WITH A PREDICTED
EXAM VERSION AND A STUDY GUIDE/ACCURATE AND EXPERT
CERTIFIED FOR GUARANTEED PASS/ LATEST UPDATE
Can an inactive agent be paid a referral commission if they were active at
the time they made the referral? -
ANSWER >>>>>Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? -
ANSWER >>>>>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? -
ANSWER >>>>>Advertising
May a BIC and their Provisional Broker enter into dual agency together? -
ANSWER >>>>>No. Because the BIC oversees the PBs transactions, this
would be a conflict of interest
When must all agency be "Written" -
ANSWER >>>>>Prior to first offer
Are all in-house transactions Dual Agency? -
ANSWER >>>>>No. The exceptions would be Seller Sub Agency or
Unrepresented Buyers
Can The Real Estate Commission fine brokers? -
, ANSWER >>>>>No. They can only reprimand, suspend, and revoke
licenses
Who can sue agents civilly for monetary compensation? -
ANSWER >>>>>Principles of a transaction
If Dual Agency is not disclosed is a commission due? -
ANSWER >>>>>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? -
ANSWER >>>>>Contractual Obligations
What must all agency agreements have? -
ANSWER >>>>>A beginning and ending date
Oral to Oral & Written to Written describe what? -
ANSWER >>>>>The permissions needed to show a property as a "Dual
Agent"
What should every agent bring to a listing appointment? -
ANSWER >>>>>Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement
(Several
Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? -
ANSWER >>>>>The listing agent, regardless of who brings a buyer, and
likely the buyer agent
Who gets paid in an exclusive listing agreement? -
, ANSWER >>>>>Whomever brings a buyer
Who can sell a property in an Open listing? -
ANSWER >>>>>Any actively licensed agent
In a net listing money above the asking price is paid to whom? -
ANSWER >>>>>Listing Agent
Who is the actual agent to the principle in a transaction? -
ANSWER >>>>>The Firm (Individual agents are sub agents to seller)
No M.O.G. is needed for what 3 listings? -
ANSWER >>>>>Lease to purchase, 1st Dwelling, and Foreclosure
When should WWREA be explained / signed? -
ANSWER >>>>>At first substantial contact
If you miss the 6/10 Deadline for CE what must you do to re-activate your
license? -
ANSWER >>>>>Complete latest General Update (4 Hours), and 3 CE
Classes (4 hours each) Total of 16 hours
Under NC License Law who can be held responsible for reporting Material
Facts? -
ANSWER >>>>>Only Agents... (License Law)
Under Civil /Criminal law who can be held responsible for reporting
Material Facts? -
ANSWER >>>>>Principles
