301-North Carolina (NC) Post Licensing Exam Q&A Latest Update
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NC Post
Institution:
NC Post
301-North Carolina (NC) Post Licensing Exam Q&A Latest Update
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| Uploaded on: | May 8, 2025 |
| Last updated: | May 12, 2025 |
| Number of pages: | 6 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | 301-North Carolina (NC) Post Licensing Exam Q&A Latest Update |
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301- North Carolina (NC) Post Licensing Exam | Q&A Latest 2025/2026 | 100% PASS 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
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