Post Licensing 303 exam with correct
answers
Who issues your real estate license? - ANSWER: ➡ NCREC
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You need an ______ real estate license to practice real estate for others for a fee - ANSWER: ➡
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Active
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License Qualification Requirements: - ANSWER: ➡ 1. be at least 18 years old
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2. be a US citizen or a non-citizen national or a qualified alien under federal law
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3. have a social security number
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4. satisfy educational requirements
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5. File a complete application and fee
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6. Pass the applicable real estate license exam
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7. Satisfy the Commission that one possesses the requisite character to be entitled to licensure
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Who needs a active real estate license? - ANSWER: ➡ REAL SLOB
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Refer
Exchange
Auction
List
Sell
Lease
Offer to negotiate
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, Buy
Who does NOT need an active real estate license? - ANSWER: ➡ STAPLES
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Sale by owner
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Trustees
A corporation
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Power of attorney g g
Lawyers
Executor/Guardian
Salaried employee under broker doing clerical work
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What does for sale by owner mean? - ANSWER: ➡ any person who personally leases or sell's
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their own property
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What does a corporation mean? - ANSWER: ➡ Any partnership, corporation, LLC,
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association or other business entity that, as owner or lessor, shall perform in the
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regular course of managing and g g g g
Investing of the property g g g
Unlicensed assistants CAN: - ANSWER: ➡ •Submit listing and changes to the MLS only if the
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data is provided by a licensee
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•Administrative and Courier duties g g g
•Place signs and lock boxes on property
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•Order & supervise minor repairs done on property
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•Schedule appointments g
•Communicate with other licensees, inspectors and property owners g g g g g g g
•Show rental properties managed by employing broker to tenants and complete preprinted
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form leases for rental properties
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answers
Who issues your real estate license? - ANSWER: ➡ NCREC
g g g g g g g gg g
You need an ______ real estate license to practice real estate for others for a fee - ANSWER: ➡
g g g g g g g g g g g g g g g g g gg
Active
g
License Qualification Requirements: - ANSWER: ➡ 1. be at least 18 years old
g g g g gg g g g g g g g
2. be a US citizen or a non-citizen national or a qualified alien under federal law
g g g g g g g g g g g g g g g
3. have a social security number
g g g g g
4. satisfy educational requirements
g g g
5. File a complete application and fee
g g g g g g
6. Pass the applicable real estate license exam
g g g g g g g
7. Satisfy the Commission that one possesses the requisite character to be entitled to licensure
g g g g g g g g g g g g g g
Who needs a active real estate license? - ANSWER: ➡ REAL SLOB
g g g g g g g g gg g g
Refer
Exchange
Auction
List
Sell
Lease
Offer to negotiate
g g
, Buy
Who does NOT need an active real estate license? - ANSWER: ➡ STAPLES
g g g g g g g g g g gg g
Sale by owner
g g
Trustees
A corporation
g
Power of attorney g g
Lawyers
Executor/Guardian
Salaried employee under broker doing clerical work
g g g g g g
What does for sale by owner mean? - ANSWER: ➡ any person who personally leases or sell's
g g g g g g g g gg g g g g g g g
their own property
g g g
What does a corporation mean? - ANSWER: ➡ Any partnership, corporation, LLC,
g g g g g g gg g g g g
association or other business entity that, as owner or lessor, shall perform in the
g g g g g g g g g g g g g
regular course of managing and g g g g
Investing of the property g g g
Unlicensed assistants CAN: - ANSWER: ➡ •Submit listing and changes to the MLS only if the
g g g g gg g g g g g g g g g g
data is provided by a licensee
g g g g g g
•Administrative and Courier duties g g g
•Place signs and lock boxes on property
g g g g g g
•Order & supervise minor repairs done on property
g g g g g g g
•Schedule appointments g
•Communicate with other licensees, inspectors and property owners g g g g g g g
•Show rental properties managed by employing broker to tenants and complete preprinted
g g g g g g g g g g g
form leases for rental properties
g g g g g
