Nc Post Licensing 301 Study Guide Questions And Correct Answers

No M.O.G. is needed for what 3 listings? {Ans: Lease to purchase, 1st Dwelling, and Foreclosure}Can an inactive agent be paid a referral commission if they were active at the time they made the referral? {Ans: Yes. If and only if they were active at time of referral}A listing agreement is said to be what, if the principle dies during the agreement? {Ans: Automatically Terminated}Who can The Real Estate Commission fine? {Ans: Time Share Developers}Who must Material Facts be disclosed to? {Ans: All parties, including 3rd Parties regardless of who you represent}If Dual Agency is not disclosed is a commission due? {Ans: No. Therefore it is imperative to disclose dual agency before any offers are written}