NC Post Licensing 303 exam with correct answers

NC Post Licensing 303 exam with
correct answers

Active & current real estate license - ANSWER: ➡ Required when assisting another for
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compensation in providing brokerage services.
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Unlicensed assistants MAY NOT - ANSWER: ➡ -Negotiate mgmt contracts
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-Prepare advertisements g




-Negotiate amounts of money g g g




-Determine deductions from deposits g g g




Unlicensed assistants MAY - ANSWER: ➡ -Accept applications
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-Complete & execute preprinted leases g g g g




-Accept deposits & payments for delivery to BIC
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-Show properties & rental units
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-Place for rent signs
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Full broker who is NOT a BIC can affiliate with a BIC/Firm & can activate as a Sole Proprietor
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but CANNOT - ANSWER: ➡ -Maintain a trust account
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-Supervise other licensees g g




-Offer services or advertise
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BIC & BIC eligible status is maintained by - ANSWER: ➡ -Renewing License by June 30
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-Taking BICUP & elective by June 10
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BIC supervising responsibilities are - ANSWER: ➡ -Firm name on all ads
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-No blind ads
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