NC POST LICENSING EXAM LATEST 2026/2027 ACTUAL
EXAM| COMPLETE 320 REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
Who gets paid in an Exclusive Right to Sell listing agreement? - CORRECT ANSWER
✔✔ - The listing agent, regardless of who brings a buyer, and likely the buyer
agent
Who gets paid in an exclusive listing agreement? - CORRECT ANSWER ✔✔ -
Whomever brings a buyer
Who can sell a property in an Open listing? - CORRECT ANSWER ✔✔ - Any actively
licensed agent
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
Pg. 1
,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
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
What must all agency agreements have? - CORRECT ANSWER ✔✔ - A beginning
and ending date
Oral to Oral & Written to Written describe what? - CORRECT ANSWER ✔✔ - The
permissions needed to show a property as a "Dual Agent"
Pg. 2
,What should every agent bring to a listing appointment? - CORRECT ANSWER ✔✔
- Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several Other items)
In a net listing money above the asking price is paid to whom? - CORRECT
ANSWER ✔✔ - Listing Agent
Who is the actual agent to the principle in a transaction? - CORRECT ANSWER ✔✔
- The Firm (Individual agents are sub agents to seller)
No M.O.G. is needed for what 3 listings? - CORRECT ANSWER ✔✔ - Lease to
purchase, 1st Dwelling, and Foreclosure
When should WWREA be explained / signed? - CORRECT ANSWER ✔✔ - At first
substantial contact
If you miss the 6/10 Deadline for CE what must you do to re-activate your license?
- CORRECT ANSWER ✔✔ - Complete latest General Update (4 Hours), and 3 CE
Classes (4 hours each) Total of 16 hours
Under NC License Law who can be held responsible for reporting Material Facts? -
CORRECT ANSWER ✔✔ - Only Agents... (License Law)
Under Civil /Criminal law who can be held responsible for reporting Material
Facts? - CORRECT ANSWER ✔✔ - Principles
Pg. 3
, Name the 4 types of Material Facts - CORRECT ANSWER ✔✔ - Facts about the
property, facts that relate to the property, facts relating to the ability to close the
transaction, and facts of special importance
Who must Material Facts be disclosed to? - CORRECT ANSWER ✔✔ - All parties,
including 3rd Parties regardless of who you represent
Who can The Real Estate Commission fine? - CORRECT ANSWER ✔✔ - Time Share
Developers
Willfull Omission means - CORRECT ANSWER ✔✔ - You knew but you didn't
disclose
Willfull Misrepresentation means - CORRECT ANSWER ✔✔ - You lied, by speaking
wrong information
Negligent Omission means - CORRECT ANSWER ✔✔ - You should have known, but
did not
Negligent Misrepresentation means - CORRECT ANSWER ✔✔ - You should have
known, but spoke wrong information
May a principle be held responsible for mis-information as it relates to a material
fact? - CORRECT ANSWER ✔✔ - Yes. Typically civilly or criminally
Pg. 4
EXAM| COMPLETE 320 REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
Who gets paid in an Exclusive Right to Sell listing agreement? - CORRECT ANSWER
✔✔ - The listing agent, regardless of who brings a buyer, and likely the buyer
agent
Who gets paid in an exclusive listing agreement? - CORRECT ANSWER ✔✔ -
Whomever brings a buyer
Who can sell a property in an Open listing? - CORRECT ANSWER ✔✔ - Any actively
licensed agent
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
Pg. 1
,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
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
What must all agency agreements have? - CORRECT ANSWER ✔✔ - A beginning
and ending date
Oral to Oral & Written to Written describe what? - CORRECT ANSWER ✔✔ - The
permissions needed to show a property as a "Dual Agent"
Pg. 2
,What should every agent bring to a listing appointment? - CORRECT ANSWER ✔✔
- Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several Other items)
In a net listing money above the asking price is paid to whom? - CORRECT
ANSWER ✔✔ - Listing Agent
Who is the actual agent to the principle in a transaction? - CORRECT ANSWER ✔✔
- The Firm (Individual agents are sub agents to seller)
No M.O.G. is needed for what 3 listings? - CORRECT ANSWER ✔✔ - Lease to
purchase, 1st Dwelling, and Foreclosure
When should WWREA be explained / signed? - CORRECT ANSWER ✔✔ - At first
substantial contact
If you miss the 6/10 Deadline for CE what must you do to re-activate your license?
- CORRECT ANSWER ✔✔ - Complete latest General Update (4 Hours), and 3 CE
Classes (4 hours each) Total of 16 hours
Under NC License Law who can be held responsible for reporting Material Facts? -
CORRECT ANSWER ✔✔ - Only Agents... (License Law)
Under Civil /Criminal law who can be held responsible for reporting Material
Facts? - CORRECT ANSWER ✔✔ - Principles
Pg. 3
, Name the 4 types of Material Facts - CORRECT ANSWER ✔✔ - Facts about the
property, facts that relate to the property, facts relating to the ability to close the
transaction, and facts of special importance
Who must Material Facts be disclosed to? - CORRECT ANSWER ✔✔ - All parties,
including 3rd Parties regardless of who you represent
Who can The Real Estate Commission fine? - CORRECT ANSWER ✔✔ - Time Share
Developers
Willfull Omission means - CORRECT ANSWER ✔✔ - You knew but you didn't
disclose
Willfull Misrepresentation means - CORRECT ANSWER ✔✔ - You lied, by speaking
wrong information
Negligent Omission means - CORRECT ANSWER ✔✔ - You should have known, but
did not
Negligent Misrepresentation means - CORRECT ANSWER ✔✔ - You should have
known, but spoke wrong information
May a principle be held responsible for mis-information as it relates to a material
fact? - CORRECT ANSWER ✔✔ - Yes. Typically civilly or criminally
Pg. 4
