NC POST LICENSING 301 PRACTICE EXAM 2
COMPREHENSIVE EXAMINATION TEST
SOLVED QUESTIONS AND ANSWERS
COMPLETE REVIEW SHEET GRADED A+
⩥ What are the major components of a percentage lease:
Answer: Usually a fixed amount plus a percentage of gross
income or sales.
⩥ Andy is leasing a warehouse to a commercial kitchen supplier.
He did not include a clause in the lease regarding his right to
enter the premises. He can enter the premises:
Answer: Never.
A landlord who does not include a clause in the lease regarding
his right to enter the premises can't enter the premises during the
term of the lease.
⩥ Tanya donated her tenant's table, valued at $600, to a
nonprofit that provides free household furnishings to people in
need. How long must the nonprofit hold the table before giving
it to someone:
,Answer: 30 days.
A nonprofit must hold any personal property valued at $750 or
less for 30 days. If the tenant requests the property within that
period, it must be returned.
⩥ Kristina is renting a vacation property in the same town as
Ryan when the mandatory evacuation is ordered. She
immediately evacuates. She is entitled to:
Answer: A refund of any payments made according to the rental
agreement, prorated for each night the evacuation order is in
effect.
⩥ Phil arrives at the vacation property that he had planned to
rent for the next week. To his surprise, a construction crew is
renovating the home, and it is currently uninhabitable. Phil is
entitled to which of the following from the landlord:
Answer: A full refund.
⩥ Regarding the termination of a property management
agreement:
Answer: Termination is always permitted but penalties may
apply.
,Termination of a property management agreement is always
permitted though there may be penalties which must be clear
and conspicuous in the terms of the agreement.
⩥ Which of the following regarding smoke and carbon
monoxide detectors is FALSE:
Answer: Carbon monoxide detectors are always mandatory.
Carbon monoxide detectors are only mandatory if the property
has fossil fuel appliances or is attached to a garage.
⩥ Which of the following is an example of attempted self-help
eviction:
Answer: The landlord posts a false legal notice on the tenant's
door, ordering immediate vacancy.
Attempting an eviction in any way other than the procedure
established by state law is considered a self-help eviction.
Examples include posting fake legal notices, changing locks,
padlocking a door, or disconnecting utilities.
, ⩥ Which of the following would be a correct order of events
regarding abandoned property valued above $750:
Answer: Tenant given written notice of the approximate time
that the order or writ for possession will be enforced; landlord
signs a statement saying that the personal property may remain
on the premises; sheriff locks the premises.
The sheriff must first give the tenant written notice of the
approximate time that the order or writ for possession will be
enforced. Later, if the tenant does not request his personal
possessions and if the landlord signs a statement saying that they
stay on the premises, the sheriff will lock the premises.
⩥ The Landlord must remedy and "imminently dangerous"
aspects of a property within a reasonable time and charge the
tenant for the actual costs of the aspect was the fault of the
tenant. Which of the following is NOT considered an
imminently dangerous aspect of a property:
Answer: Lack of laundry facilities.
⩥ How should owner-landlords or brokers handle monies related
to vacation rentals:
Answer: By depositing any advance payments into a trust or
escrow account within 3 banking days.
COMPREHENSIVE EXAMINATION TEST
SOLVED QUESTIONS AND ANSWERS
COMPLETE REVIEW SHEET GRADED A+
⩥ What are the major components of a percentage lease:
Answer: Usually a fixed amount plus a percentage of gross
income or sales.
⩥ Andy is leasing a warehouse to a commercial kitchen supplier.
He did not include a clause in the lease regarding his right to
enter the premises. He can enter the premises:
Answer: Never.
A landlord who does not include a clause in the lease regarding
his right to enter the premises can't enter the premises during the
term of the lease.
⩥ Tanya donated her tenant's table, valued at $600, to a
nonprofit that provides free household furnishings to people in
need. How long must the nonprofit hold the table before giving
it to someone:
,Answer: 30 days.
A nonprofit must hold any personal property valued at $750 or
less for 30 days. If the tenant requests the property within that
period, it must be returned.
⩥ Kristina is renting a vacation property in the same town as
Ryan when the mandatory evacuation is ordered. She
immediately evacuates. She is entitled to:
Answer: A refund of any payments made according to the rental
agreement, prorated for each night the evacuation order is in
effect.
⩥ Phil arrives at the vacation property that he had planned to
rent for the next week. To his surprise, a construction crew is
renovating the home, and it is currently uninhabitable. Phil is
entitled to which of the following from the landlord:
Answer: A full refund.
⩥ Regarding the termination of a property management
agreement:
Answer: Termination is always permitted but penalties may
apply.
,Termination of a property management agreement is always
permitted though there may be penalties which must be clear
and conspicuous in the terms of the agreement.
⩥ Which of the following regarding smoke and carbon
monoxide detectors is FALSE:
Answer: Carbon monoxide detectors are always mandatory.
Carbon monoxide detectors are only mandatory if the property
has fossil fuel appliances or is attached to a garage.
⩥ Which of the following is an example of attempted self-help
eviction:
Answer: The landlord posts a false legal notice on the tenant's
door, ordering immediate vacancy.
Attempting an eviction in any way other than the procedure
established by state law is considered a self-help eviction.
Examples include posting fake legal notices, changing locks,
padlocking a door, or disconnecting utilities.
, ⩥ Which of the following would be a correct order of events
regarding abandoned property valued above $750:
Answer: Tenant given written notice of the approximate time
that the order or writ for possession will be enforced; landlord
signs a statement saying that the personal property may remain
on the premises; sheriff locks the premises.
The sheriff must first give the tenant written notice of the
approximate time that the order or writ for possession will be
enforced. Later, if the tenant does not request his personal
possessions and if the landlord signs a statement saying that they
stay on the premises, the sheriff will lock the premises.
⩥ The Landlord must remedy and "imminently dangerous"
aspects of a property within a reasonable time and charge the
tenant for the actual costs of the aspect was the fault of the
tenant. Which of the following is NOT considered an
imminently dangerous aspect of a property:
Answer: Lack of laundry facilities.
⩥ How should owner-landlords or brokers handle monies related
to vacation rentals:
Answer: By depositing any advance payments into a trust or
escrow account within 3 banking days.
