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301- NC Post Licensing Exam Questions with Verified Answers $8.49   Add to cart

Exam (elaborations)

301- NC Post Licensing Exam Questions with Verified Answers

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  • Course
  • 301- NC Post Licensing
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  • 301- NC Post Licensing

301- NC Post Licensing Exam Questions with Verified Answers

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  • November 5, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 301- NC Post Licensing
  • 301- NC Post Licensing
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Nursephil2023
301- NC Post Licensing Exam Questions
with 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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