301- NC POST LICENSING EXAM
QUESTIONS AND ANSWERS (VERIFIED
AND UPDATED)
Can an inactive agent be paid a referral commission if they were active at the time they made
the referral? - ANS Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? - ANS 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? -
ANS Advertising
May a BIC and their Provisional Broker enter into dual agency together? - ANS No. Because
the BIC oversees the PBs transactions, this would be a conflict of interest
When must all agency be "Written" - ANS Prior to first offer
Are all in-house transactions Dual Agency? - ANS No. The exceptions would be Seller Sub
Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - ANS No. They can only reprimand, suspend,
and revoke licenses
@2026/2027 ALLRIGHTS RESERVED.
, Who can sue agents civilly for monetary compensation? - ANS Principles of a transaction
If Dual Agency is not disclosed is a commission due? - ANS 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? - ANS Contractual Obligations
What must all agency agreements have? - ANS A beginning and ending date
Oral to Oral & Written to Written describe what? - ANS The permissions needed to show a
property as a "Dual Agent"
What should every agent bring to a listing appointment? - ANS Deed, Plot Map, Tax Info, RPD,
MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? - ANS The listing agent,
regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive listing agreement? - ANS Whomever brings a buyer
Who can sell a property in an Open listing? - ANS Any actively licensed agent
In a net listing money above the asking price is paid to whom? - ANS Listing Agent
Who is the actual agent to the principle in a transaction? - ANS The Firm (Individual agents
are sub agents to seller)
No M.O.G. is needed for what 3 listings? - ANS Lease to purchase, 1st Dwelling, and
Foreclosure
@2026/2027 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS (VERIFIED
AND UPDATED)
Can an inactive agent be paid a referral commission if they were active at the time they made
the referral? - ANS Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? - ANS 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? -
ANS Advertising
May a BIC and their Provisional Broker enter into dual agency together? - ANS No. Because
the BIC oversees the PBs transactions, this would be a conflict of interest
When must all agency be "Written" - ANS Prior to first offer
Are all in-house transactions Dual Agency? - ANS No. The exceptions would be Seller Sub
Agency or Unrepresented Buyers
Can The Real Estate Commission fine brokers? - ANS No. They can only reprimand, suspend,
and revoke licenses
@2026/2027 ALLRIGHTS RESERVED.
, Who can sue agents civilly for monetary compensation? - ANS Principles of a transaction
If Dual Agency is not disclosed is a commission due? - ANS 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? - ANS Contractual Obligations
What must all agency agreements have? - ANS A beginning and ending date
Oral to Oral & Written to Written describe what? - ANS The permissions needed to show a
property as a "Dual Agent"
What should every agent bring to a listing appointment? - ANS Deed, Plot Map, Tax Info, RPD,
MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? - ANS The listing agent,
regardless of who brings a buyer, and likely the buyer agent
Who gets paid in an exclusive listing agreement? - ANS Whomever brings a buyer
Who can sell a property in an Open listing? - ANS Any actively licensed agent
In a net listing money above the asking price is paid to whom? - ANS Listing Agent
Who is the actual agent to the principle in a transaction? - ANS The Firm (Individual agents
are sub agents to seller)
No M.O.G. is needed for what 3 listings? - ANS Lease to purchase, 1st Dwelling, and
Foreclosure
@2026/2027 ALLRIGHTS RESERVED.
