301 NC POST LICENSING PRACTICE EXAM
2026 TEST PAPER PRACTICE SET EXPERT
SOLUTIONS GUIDE GRADED A+
⩥ Must Dual Agency be in writing?
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?
Answer: Advertising
⩥ May a BIC and their Provisional Broker enter into dual agency
together?
Answer: No. Because the BIC oversees the PBs transactions, this would
be a conflict of interest
⩥ When must all agency be "Written"
Answer: Prior to first offer
⩥ Are all in-house transactions Dual Agency?
Answer: No. The exceptions would be Seller Sub Agency or
Unrepresented Buyers
, ⩥ Can The Real Estate Commission fine brokers?
Answer: No. They can only reprimand, suspend, and revoke licenses
⩥ Who can sue agents civilly for monetary compensation?
Answer: Principles of a transaction
⩥ If Dual Agency is not disclosed is a commission due?
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?
Answer: Contractual Obligations
⩥ What must all agency agreements have?
Answer: A beginning and ending date
⩥ Oral to Oral & Written to Written describe what?
Answer: The permissions needed to show a property as a "Dual Agent"
⩥ What should every agent bring to a listing appointment?
2026 TEST PAPER PRACTICE SET EXPERT
SOLUTIONS GUIDE GRADED A+
⩥ Must Dual Agency be in writing?
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?
Answer: Advertising
⩥ May a BIC and their Provisional Broker enter into dual agency
together?
Answer: No. Because the BIC oversees the PBs transactions, this would
be a conflict of interest
⩥ When must all agency be "Written"
Answer: Prior to first offer
⩥ Are all in-house transactions Dual Agency?
Answer: No. The exceptions would be Seller Sub Agency or
Unrepresented Buyers
, ⩥ Can The Real Estate Commission fine brokers?
Answer: No. They can only reprimand, suspend, and revoke licenses
⩥ Who can sue agents civilly for monetary compensation?
Answer: Principles of a transaction
⩥ If Dual Agency is not disclosed is a commission due?
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?
Answer: Contractual Obligations
⩥ What must all agency agreements have?
Answer: A beginning and ending date
⩥ Oral to Oral & Written to Written describe what?
Answer: The permissions needed to show a property as a "Dual Agent"
⩥ What should every agent bring to a listing appointment?
