301- NC Post Licensing Questions With 100% Correct Answers |2024/2025
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Course
301- NC Post Licensing
Institution
301- NC Post Licensing
301- NC Post Licensing Questions With 100% Correct
Answers |2024/2025
Can an inactive agent be paid a referral commission if they were active at the time they
made the referral? - ___ Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? - ___ Before an offer ...
301- NC Post Licensing Questions With 100% Correct
Answers |2024/2025
Can an inactive agent be paid a referral commission if they were active at the time they
made the referral? - ___ Yes. If and only if they were active at time of referral
Must Dual Agency be in writing? - ___ 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?
- ___ Advertising
May a BIC and their Provisional Broker enter into dual agency together? - ___ No.
Because the BIC oversees the PBs transactions, this would be a conflict of interest
No M.O.G. is needed for what 3 listings? - ___ Lease to purchase, 1st Dwelling, and
Foreclosure
When should WWREA be explained / signed? - ___ At first substantial contact
If you miss the 6/10 Deadline for CE what must you do to re-activate your license? -
___ 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? -
___ Only Agents... (License Law)
, Under Civil /Criminal law who can be held responsible for reporting Material Facts? -
___ Principles
Name the 4 types of Material Facts - ___ 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? - ___ All parties, including 3rd Parties
regardless of who you represent
Who can The Real Estate Commission fine? - ___ Time Share Developers
Willfull Omission means - ___ You knew but you didn't disclose
Willfull Misrepresentation means - ___ You lied, by speaking wrong information
Negligent Omission means - ___ You should have known, but did not
All Agency Agreements must include what disclaimer? - ___ Fair Housing Disclaimer
Which Comparables hold the most weight? - ___ The ones with the fewest adjustments
On a CMA all adjustments are made to which property? Subject or Comparable? -
___ Always to the comparable
How many days before disputed Earnest Monies go to Clerk of Court? - ___ 90
DaysNegligent Misrepresentation means - ___ You should have known, but spoke wrong
information
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