SUPERIOR REAL ESTATE SCHOOL STUDY FOR
RETAKE PRE-LICENSING COURSE EXAM
QUESTIONS WITH CORRECT ANSWERS
Designated agency in North Carolina is considered: | | | | | |
I. A form of dual agency II. Mandatory if you practice dual agency
| | | | | | | | | | | |
A. I only | |
B. II only
| |
C. Both I and II
| | | |
D. Neither I nor II - Precise Answer ✔✔A. I only
| | | | | | | | | |
Designated agency can be practiced: | | | |
I. Between two firms II. Between a broker-in-charge and a provisional
| | | | | | | | | |
broker licensee in their office
| | | | |
A. I only | |
B. II only
| |
C. Both I and II
| | | |
D. Neither I nor II - Precise Answer ✔✔D. Neither I nor II
| | | | | | | | | | | |
Under the general principles of agency, when a licensee is acting on behalf
| | | | | | | | | | | |
of a client and acts improperly who is liable for the acts of the licensee?
| | | | | | | | | | | | | | |
,A. only the client
| | |
B. only the licensee and the broker-in-charge
| | | | | |
C. only the client and the licensee
| | | | | |
D. the client, the licensee, the firm and or the broker-in-charge - Precise
| | | | | | | | | | | |
Answer ✔✔D. the client, the licensee, the firm and or the broker-in-charge
| | | | | | | | | | | |
A disclosure of agency status should be made by a buyer's agent to the
| | | | | | | | | | | | |
seller:
| |
l. With a written confirmation in the offer to purchase and contract ll. At the
| | | | | | | | | | | | | |
initial contact with the seller's agent, orally or in writing
| | | | | | | | | |
A. l only | |
B. ll only | |
C. Both l and ll
| | | |
D. Neither l nor ll - Precise Answer ✔✔C. Both l and ll
| | | | | | | | | | | |
Which of the following would be dual agency?
| | | | | | |
A. a broker-in-charge assisting a buyer client in the purchase of property
| | | | | | | | | | |
that was listed by a provisional broker of another firm
| | | | | | | | | |
B. a provisional broker and a broker licensee from firms that are
| | | | | | | | | | |
cooperating in a transaction
| | | |
C. a firm that represents buyers and sellers
| | | | | | |
, D. a broker having a buyer client for a property the broker personally listed -
| | | | | | | | | | | | | |
Precise Answer ✔✔D. a broker having a buyer client for a property the
| | | | | | | | | | | | |
broker personally listed
| | |
A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200 per
| | | | | | | | | | | | | | | |
front foot. How much money would an individual agent receive for a 60%
| | | | | | | | | | | | |
share of the 10% commission earned?
| | | | | |
A. $640 |
B. $960 |
C. $1,600
|
D. $2,400 - Precise Answer ✔✔B. $960
| | | | | |
A buyer-client has instructed the agent to show only properties where the
| | | | | | | | | | |
seller is willing to pay the buyer agent's commission. The agent contacts an
| | | | | | | | | | | | |
owner selling a property without the assistance of a real estate agent with
| | | | | | | | | | | | |
the hope that the seller would be willing to pay her commission if the buyer
| | | | | | | | | | | | | | |
decided to purchase the seller's property. In order to comply with North
| | | | | | | | | | | |
Carolina Real Estate Commission Rules, the agent must do all of the
| | | | | | | | | | | |
following, EXCEPT:
| |
A. obtain permission from her buyer-client in order to obtain compensation
| | | | | | | | | |
from the seller
| | |
B. disclose her agency status to the seller at initial contact
| | | | | | | | | |
C. convince the seller to list with her and authorize dual agency
| | | | | | | | | | |
RETAKE PRE-LICENSING COURSE EXAM
QUESTIONS WITH CORRECT ANSWERS
Designated agency in North Carolina is considered: | | | | | |
I. A form of dual agency II. Mandatory if you practice dual agency
| | | | | | | | | | | |
A. I only | |
B. II only
| |
C. Both I and II
| | | |
D. Neither I nor II - Precise Answer ✔✔A. I only
| | | | | | | | | |
Designated agency can be practiced: | | | |
I. Between two firms II. Between a broker-in-charge and a provisional
| | | | | | | | | |
broker licensee in their office
| | | | |
A. I only | |
B. II only
| |
C. Both I and II
| | | |
D. Neither I nor II - Precise Answer ✔✔D. Neither I nor II
| | | | | | | | | | | |
Under the general principles of agency, when a licensee is acting on behalf
| | | | | | | | | | | |
of a client and acts improperly who is liable for the acts of the licensee?
| | | | | | | | | | | | | | |
,A. only the client
| | |
B. only the licensee and the broker-in-charge
| | | | | |
C. only the client and the licensee
| | | | | |
D. the client, the licensee, the firm and or the broker-in-charge - Precise
| | | | | | | | | | | |
Answer ✔✔D. the client, the licensee, the firm and or the broker-in-charge
| | | | | | | | | | | |
A disclosure of agency status should be made by a buyer's agent to the
| | | | | | | | | | | | |
seller:
| |
l. With a written confirmation in the offer to purchase and contract ll. At the
| | | | | | | | | | | | | |
initial contact with the seller's agent, orally or in writing
| | | | | | | | | |
A. l only | |
B. ll only | |
C. Both l and ll
| | | |
D. Neither l nor ll - Precise Answer ✔✔C. Both l and ll
| | | | | | | | | | | |
Which of the following would be dual agency?
| | | | | | |
A. a broker-in-charge assisting a buyer client in the purchase of property
| | | | | | | | | | |
that was listed by a provisional broker of another firm
| | | | | | | | | |
B. a provisional broker and a broker licensee from firms that are
| | | | | | | | | | |
cooperating in a transaction
| | | |
C. a firm that represents buyers and sellers
| | | | | | |
, D. a broker having a buyer client for a property the broker personally listed -
| | | | | | | | | | | | | |
Precise Answer ✔✔D. a broker having a buyer client for a property the
| | | | | | | | | | | | |
broker personally listed
| | |
A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200 per
| | | | | | | | | | | | | | | |
front foot. How much money would an individual agent receive for a 60%
| | | | | | | | | | | | |
share of the 10% commission earned?
| | | | | |
A. $640 |
B. $960 |
C. $1,600
|
D. $2,400 - Precise Answer ✔✔B. $960
| | | | | |
A buyer-client has instructed the agent to show only properties where the
| | | | | | | | | | |
seller is willing to pay the buyer agent's commission. The agent contacts an
| | | | | | | | | | | | |
owner selling a property without the assistance of a real estate agent with
| | | | | | | | | | | | |
the hope that the seller would be willing to pay her commission if the buyer
| | | | | | | | | | | | | | |
decided to purchase the seller's property. In order to comply with North
| | | | | | | | | | | |
Carolina Real Estate Commission Rules, the agent must do all of the
| | | | | | | | | | | |
following, EXCEPT:
| |
A. obtain permission from her buyer-client in order to obtain compensation
| | | | | | | | | |
from the seller
| | |
B. disclose her agency status to the seller at initial contact
| | | | | | | | | |
C. convince the seller to list with her and authorize dual agency
| | | | | | | | | | |
