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301- NC POST LICENSING 100% PASS
ASSURED EXAMINATION SOLUTIONS
Can an inactive agent be paid a referral
commission if they were active at the time
they made the referral? - correct answer- Yes.
If and only if they were active at time of
referral
Must Dual Agency be in writing? - correct
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? - correct answer- Advertising
May a BIC and their Provisional Broker enter
into dual agency together? - correct answer-
No. Because the BIC oversees the PBs
transactions, this would be a conflict of
interest
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When must all agency be "Written" - correct
answer- Prior to first offer
Are all in-house transactions Dual Agency? -
correct answer- No. The exceptions would be
Seller Sub Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? -
correct answer- No. They can only reprimand,
suspend, and revoke licenses
Who can sue agents civilly for monetary
compensation? - correct answer- Principles of
a transaction
If Dual Agency is not disclosed is a
commission due? - correct 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? - correct answer- Contractual
Obligations
301- NC POST LICENSING 100% PASS
ASSURED EXAMINATION SOLUTIONS
Can an inactive agent be paid a referral
commission if they were active at the time
they made the referral? - correct answer- Yes.
If and only if they were active at time of
referral
Must Dual Agency be in writing? - correct
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? - correct answer- Advertising
May a BIC and their Provisional Broker enter
into dual agency together? - correct answer-
No. Because the BIC oversees the PBs
transactions, this would be a conflict of
interest
, 2 | Page
When must all agency be "Written" - correct
answer- Prior to first offer
Are all in-house transactions Dual Agency? -
correct answer- No. The exceptions would be
Seller Sub Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? -
correct answer- No. They can only reprimand,
suspend, and revoke licenses
Who can sue agents civilly for monetary
compensation? - correct answer- Principles of
a transaction
If Dual Agency is not disclosed is a
commission due? - correct 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? - correct answer- Contractual
Obligations
