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Superior Real Estate School: Study for Retake Pre-Licensing Course Exam| Question and Answers, 100% Correct| Latest 2024

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam| Question and Answers, 100% Correct| Latest 2024

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam|
Question and Answers, 100% Correct| Latest 2024
Superior Real Estate School: Study for
Retake Pre-Licensing Course Exam|
Question and Answers, 100% Correct| Latest
2024
Designated agency in North Carolina is considered:
I. A form of dual agency II. Mandatory if you practice dual agency
A. I only
B. II only
C. Both I and II
D. Neither I nor II
A. I only
Designated agency can be practiced:
I. Between two firms II. Between a broker-in-charge and a provisional broker
licensee in their office
A. I only
B. II only
C. Both I and II
D. Neither I nor II
D. Neither I nor II
Under the general principles of agency, when a licensee is acting on behalf of a
client and acts improperly who is liable for the acts of the licensee?
A. only the client
B. only the licensee and the broker-in-charge
C. only the client and the licensee
D. the client, the licensee, the firm and or the broker-in-charge
D. the client, the licensee, the firm and or the broker-in-charge
A disclosure of agency status should be made by a buyer's agent to the seller:
l. With a written confirmation in the offer to purchase and contract ll. At the initial
contact with the seller's agent, orally or in writing
A. l only
B. ll only
C. Both l and ll
D. Neither l nor ll
C. Both l and ll
Which of the following would be dual agency?
A. a broker-in-charge assisting a buyer client in the purchase of property that was
listed by a provisional broker of another firm
B. a provisional broker and a broker licensee from firms that are cooperating in a
transaction
C. a firm that represents buyers and sellers
D. a broker having a buyer client for a property the broker personally listed
D. a broker having a buyer client for a property the broker personally listed
A parcel of vacant land 80 feet wide and 200 feet deep was sold for $200 per front
foot. How much money would an individual agent receive for a 60% share of the
10% commission earned?
A. $640
B. $960
C. $1,600
D. $2,400
B. $960
A buyer-client has instructed the agent to show only properties where the seller is
willing to pay the buyer agent's commission. The agent contacts an owner selling a
property without the assistance of a real estate agent with the hope that the seller
would be willing to pay her commission if the buyer decided to purchase the
seller's property. In order to comply with North Carolina Real Estate Commission
Rules, the agent must do all of the following, EXCEPT:

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