301 NC POST LICENSING EXAM ACTUAL EXAM
COMPLETE 350 QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) /ALREADY
GRADED A+
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
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? - ANSWER: Deed, Plot Map,
Tax Info, RPD, MOG, Listing Agreement (Several Other items)
COMPLETE 350 QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) /ALREADY
GRADED A+
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
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? - ANSWER: Deed, Plot Map,
Tax Info, RPD, MOG, Listing Agreement (Several Other items)
