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301- NC Post Licensing Exam Questions with Verified Answers
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301- NC Post Licensing Exam Questions with Verified Answers
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301- NC Post Licensing Exam Questionswith Verified 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 date
- Oral 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
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