Nc Post Licensing 301 Study Guide Questions And Correct Answers

When must all agency be "Written" {Ans: Prior to first offer}Negligent Misrepresentation means {Ans: You should have known, but spoke wrong information}If a Seller refuses to sign an offer for less than list price, is a commission due? {Ans: No. It is not due, until Seller agrees upon the price and signs}Is a broker with multiple buyers considered a dual agent? {Ans: No, A dual agent represents both principles in a single transaction}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}Under Civil /Criminal law who can be held responsible for reporting Material Facts? {Ans: Principles}