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hey future agents this is chapter 8 Im Sean Kelly and welcome to my channel on everything real estate chapter 8 is about agency contracts and related practices and towards the end of the video well get into how you can calculate your Commission which is how you calculate how much youre going to get paid if youd like to follow along with the rest of the North Carolina real estate exam prep go ahead and click that subscribe button down below theres also a 10% off link for courses for a pre-licensing continuing education and post education also down in the description below and lets learn about contracts so this is kind of a continuation from chapter 7 we will still be talking about agency here so lets get into the listing agreement first a listing agreement creates a special agency relationship so remember from chapter 7 there are universal agents which basically have unlimited power then there are general agents which have a limited power like property managers and then there ar