301- NC Post Licensing Questions And
Answers
Who can sue agents civilly for monetary compensation? Principles of a transaction
If Dual Agency is not disclosed is a commission due? No. Therefore it is imperative to
disclose dual agency before any offers are written
As a dual agent, the agent'...
Who can sue agents civilly for monetary compensation? Principles of a transaction
If Dual Agency is not disclosed is a commission due? 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? Contractual Obligations
What must all agency agreements have? A beginning and ending date
Oral to Oral & Written to Written describe what? The permissions needed to show a
property as a "Dual Agent"
What should every agent bring to a listing appointment? Deed, Plot Map, Tax Info, RPD,
MOG, Listing Agreement (Several Other items)
Who gets paid in an Exclusive Right to Sell listing agreement? The listing agent,
regardless of who brings a buyer, and likely the buyer agent
, 301- NC Post Licensing Questions And
Answers
Who gets paid in an exclusive listing agreement? Whomever brings a buyer
Who can sell a property in an Open listing? Any actively licensed agent
In a net listing money above the asking price is paid to whom? Listing Agent
Who is the actual agent to the principle in a transaction? The Firm (Individual agents are
sub agents to seller)
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller UpperClass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
