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301 NC POST LICENSING EXAM
ACTUAL EXAM COMPLETE 350
QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT
ANSWERS) /ALREADY GRADED A+
Question: 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
Question:Must Dual Agency be in writing?
Answer: Before an offer is made, Yes. Dual agency must be in writing and
signed by both parties
Question:At a listing appointment, the agent should be gathering all
information for listing and what?
Answer: Advertising
Question: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
Question:When must all agency be “Written”
Answer: Prior to first offer
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Question:Are all in-house transactions Dual Agency?
Answer: No. The exceptions would be Seller Sub Agency or Unrepresented
Buyers
Question:Can The Real Estate Commission fine brokers?
Answer: No. They can only reprimand, suspend, and revoke licenses
Question:Who can sue agents civilly for monetary compensation?
Answer: Principles of a transaction
Question: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
Question:As a dual agent, the agent’s duties are reduced to what?
Answer: Contractual Obligations
Question:What must all agency agreements have?
Answer: A beginning and ending date
Question:Oral to Oral & Written to Written describe what?
Answer: The permissions needed to show a property as a “Dual Agent”
Question:What should every agent bring to a listing appointment?
Answer: Deed, Plot Map, Tax Info, RPD, MOG, Listing Agreement (Several
Other items)
