NC POST LICENSING EXAM CURRENTLY TESTING
EXAM VERSION WITH A PREDICTED EXAM
LATEST ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
, QUESTION 1: RESPA PROHIBITS
■ ANSWER: Real Estate Licenses from forcing client or customer to use a particular
settlement service provider
QUESTION 2: Commercial Real Estate Lien Act says
■ ANSWER: Lien May be placed on Commercial properties for commercial service rendered
in a sales or lease transaction
QUESTION 3: Commercial Real Estate Lien Requirements
■ ANSWER: 1) Written Agreement specifying services and compensation 2) Must be a listing
agent to file 3) Must be limited to THE subject property
QUESTION 4: Commercial Real Estate Lien Tim Requirements
■ ANSWER: 1) Not until 30 days of closing or possesion 2) For Leases - 90 days or written 60
days of non payment 3) Broker has 18 months to enforce 4) Lien priority is as of the date of
recordation. NO SPECIAL PRIORITY 5) Mechanics Liens ALWAYS have superiority over the
broker's regardless of when they are filed
QUESTION 5: A Licensee may not earn compensation when there license - VIP
■ ANSWER: is INACTIVE or EXPIRED A Licensee can receive compensation that was earned
WHEN - VIPterm-0 - answers-the license was current and active even if inactive of expired
after
QUESTION 6: A BIC may NOT pay a licensee's ENTITY
■ ANSWER: unless the entity has a firm license.
QUESTION 7: A Licensee can share commission with parties BUT
■ ANSWER: 1) Must be in writing - as part of the agreement 2) Must be subject to Lender
Approval in case of loans 3) Disclosed on the Closing Disclosure 4) Is considered a gift 5)
Only with principal or client (not others)
QUESTION 8: Compensation ALWAYS flows through the firm
■ ANSWER: 1) from the BIC 2) NO payment directly by the firm 3) Brokers MAY NOT pay
brokers directly except a SOLE PROPrietorships
EXAM VERSION WITH A PREDICTED EXAM
LATEST ACTUAL EXAM WITH COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS (100% VERIFIED
ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
, QUESTION 1: RESPA PROHIBITS
■ ANSWER: Real Estate Licenses from forcing client or customer to use a particular
settlement service provider
QUESTION 2: Commercial Real Estate Lien Act says
■ ANSWER: Lien May be placed on Commercial properties for commercial service rendered
in a sales or lease transaction
QUESTION 3: Commercial Real Estate Lien Requirements
■ ANSWER: 1) Written Agreement specifying services and compensation 2) Must be a listing
agent to file 3) Must be limited to THE subject property
QUESTION 4: Commercial Real Estate Lien Tim Requirements
■ ANSWER: 1) Not until 30 days of closing or possesion 2) For Leases - 90 days or written 60
days of non payment 3) Broker has 18 months to enforce 4) Lien priority is as of the date of
recordation. NO SPECIAL PRIORITY 5) Mechanics Liens ALWAYS have superiority over the
broker's regardless of when they are filed
QUESTION 5: A Licensee may not earn compensation when there license - VIP
■ ANSWER: is INACTIVE or EXPIRED A Licensee can receive compensation that was earned
WHEN - VIPterm-0 - answers-the license was current and active even if inactive of expired
after
QUESTION 6: A BIC may NOT pay a licensee's ENTITY
■ ANSWER: unless the entity has a firm license.
QUESTION 7: A Licensee can share commission with parties BUT
■ ANSWER: 1) Must be in writing - as part of the agreement 2) Must be subject to Lender
Approval in case of loans 3) Disclosed on the Closing Disclosure 4) Is considered a gift 5)
Only with principal or client (not others)
QUESTION 8: Compensation ALWAYS flows through the firm
■ ANSWER: 1) from the BIC 2) NO payment directly by the firm 3) Brokers MAY NOT pay
brokers directly except a SOLE PROPrietorships
