Strategies, Review of (58) Key Practice
Questions and Verified Detailed Answers;
for Guaranteed Success
The "301- NC Post Licensing: 58 questions & answers" set is
a comprehensive study deck designed to help North Carolina
real estate provisional brokers pass the mandatory Post-
licensing Course 301 (Broker Relationships and
Responsibilities).
The 58-set cover core agency law, fiduciary duties, and
transaction disclosures required by the North Carolina Real
Estate Commission (NCREC).
Core Topics Covered:
Agency Relationships: Rules surrounding dual agency,
subagency, and exclusive/open listing agreements.
Broker Duties: Fiduciary responsibilities, agent compensation,
and referral rules for inactive agents.
Contract Law & Disclosures: Requirements for listing
contracts, termination of agency, and proper disclosures.
1
, Quiz_________________?
Can an inactive agent be paid a referral commission if they were active at the time
they made the referral? -
Answer
Yes. If and only if they were active at time of referral
Quiz_________________?
Must Dual Agency be in writing? -
Answer
Before an offer is made, Yes. Dual agency must be in writing and signed by both
parties
Quiz_________________?
At a listing appointment, the agent should be gathering all information for listing
and what? -
Answer
Advertising
2
, Quiz_________________?
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
Quiz_________________?
When must all agency be "Written" -
Answer
Prior to first offer
Quiz_________________?
Are all in-house transactions Dual Agency? -
Answer
No. The exceptions would be Seller Sub Agency or Unrepresented Buyers
3