NC POST LICENSING 302 EXAM
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||ALREADY GRADED
A+||UPDATED 2026/2027
SYLLABUS||<<NEWEST VERSION>>
What is the key difference between a North Carolina residential contract and
commercial contract? - ANSWER ✓ Commercial contracts include extra verbiage
related to closing responsibilities.
Certain expenses are prorated at closing, with the seller paying through the closing
date, and the buyer responsible for _______. - ANSWER ✓ Expenses incurred
after close of escrow
In the North Carolina Form 580-T, Agreement for Purchase and Sale of Real
Property, what does the Brokers section state? - ANSWER ✓ Both parties agree to
compensate the licensees as agreed.
-The Brokers section states that buyers and sellers both agree to compensate the
brokers as written in the contract. They also confirm that the only brokers with
whom they are working are the ones who are listed in the agreement, and that
compensation is described in detail in separate agency agreements.
Broker Christy is completing the North Carolina Agreement for Purchase and Sale
of Improved Real Property form for her clients, who are buying a commercial
warehouse. Under which provision will she list the building's address? - ANSWER
✓ Property
On the North Carolina 580-T contract, the seller must obtain information about
lease tenants, if any. Which of the following is NOT something the seller must
provide to the buyer? - ANSWER ✓ Lease applications from tenants
, Agent Simone represents Mr. and Mrs. Abbott, who are selling their
condominium. Simone receives an offer from a potential buyer who, Simone
knows, really wants the condo but won't be able to close for about 30 days. What
should she do? - ANSWER ✓ She should present the offer to the Abbots AND
disclose the information about the buyer.
Which of the following stipulates that an offer has been made when the offeror
mails it (rather than when the offeree receives it)? - ANSWER ✓ Mailbox rule
Emily wants to revoke her offer on John's North Carolina property. Under which
of the following conditions is this permitted? - ANSWER ✓ She may revoke her
offer only if she hasn't been notified that John accepted her offer.
Samuel, who's represented by broker Kyla, made an offer for $350,000 on
Christine's property. Christine is represented by Jim. Who is the offeree in this
situation? - ANSWER ✓ Christine
Daviana, who's represented by broker Steve, was selling her house for $200,000.
Jae, who's represented by broker Alana, made an offer on it for $199,000, which
Daviana accepted. Who is the offeror in this situation? - ANSWER ✓ Jae
Which of the following is an example of using traditional methods of offer and
acceptance? - ANSWER ✓ Direct personal dealing
In North Carolina, which of the following statements about revocation of offers is
true? - ANSWER ✓ Offers may be revoked any time before they're accepted and
that acceptance is communicated to the offeror.
North Carolina resident Kim made an offer on a property owned by Jacob. Before
Jacob accepted the offer, Kim was killed in a car accident. What happens to the
offer? - ANSWER ✓ The offer is terminated upon Kim's death.
Susan has just signed her first seller client, and he's already getting offers. Which
of the following does Susan NOT need to do? - ANSWER ✓ Decide which offer
her client should accept.
, Which of the following options demonstrates the requirements for a valid, legally
binding North Carolina sales contract? - ANSWER ✓ Joe made an offer to Zoe,
and Zoe accepted the offer in writing. That acceptance was communicated to Joe.
Which of these is the best definition of a modified purchase offer? - ANSWER ✓
Changes made to a purchase offer that together constitute a counter-offer
Which of the following statements about contract modifications is true? -
ANSWER ✓ A modification, once initialed and signed, is a counter-offer.
When presented with multiple offers, sellers should _______. - ANSWER ✓
Consider each and make their own decision
In which of the following scenarios relating to a buyer's due diligence would a
North Carolina broker use Standard Form 2A11-T, the Additional Provisions
Addendum? - ANSWER ✓ When the buyer wishes to request a repair or alteration
to the property as a part of the original purchase agreement.
North Carolina buyer Olivia just had her offer for Stan's property accepted.
Olivia's broker Tyler advised her that she'd want to perform due diligence. Who is
obligated to assist her with Olivia due diligence efforts? - ANSWER ✓ Both Tyler
and Stan's broker
North Carolina broker Kevin is representing buyer Brenda in the purchase of seller
Tom's house. Brenda and Tom signed a purchase agreement, and Brenda is in her
due diligence period. She received a copy of the professional home inspection
report and wants to request that Tom repair a few issues that the inspector found.
Which form should Kevin use to make this request? - ANSWER ✓ Standard Form
310-T
Brittany is in the process of buying Sam's Charlotte home. Brittany's agent, Tim,
and Sam's agent, Mila, as well as the closing attorney, Arthur, also have roles in
the transaction. Who is responsible for getting Arthur the information and
documents needed for the transaction to close? - ANSWER ✓ Both Brittany and
Sam, with the help of their agents, are responsible for getting pre-closing
documents and information to the closing attorney.
, In a North Carolina residential real estate transaction, which one of the following
tasks is the property seller's responsibility? - ANSWER ✓ Assigning any
outstanding leases from the seller to the buyer
Both buyer Beth and seller Sally received requests from North Carolina closing
attorney Allen for information and documents related to their current real estate
transaction. Why would Beth and Sally be motivated to comply with these requests
in a timely manner? - ANSWER ✓ Failing to get Allen what he needs in a timely
manner could lead to unnecessary closing delays.
Gary is in the process of buying a home just outside of Raleigh from seller
Stanley. When the time comes, who will identify the closing attorney for the
transaction? - ANSWER ✓ Gary
Which of the following statements best describes a buyer performing due
diligence during a North Carolina real estate transaction? - ANSWER ✓ The
buyer meets with a lender to get pre-qualified, arranges a home inspection and
appraisal, asks questions, and investigates any other areas of the property the buyer
feels may need it.
In which of the following scenarios relating to a buyer's due diligence would a
North Carolina broker use Standard Form 4-T, the Agreement to Amend Contract?
- ANSWER ✓ When the buyer wishes to renegotiate the purchase price of the
property after the purchase agreement has already been signed.
In North Carolina, who identifies the closing attorney for a real estate transaction?
- ANSWER ✓ The buyer
In which of the following scenarios relating to a buyer's due diligence would a
North Carolina broker use Standard Form 310-T, the Due Diligence Request and
Agreement? - ANSWER ✓ When the buyer wishes to request the seller perform a
repair or alteration after the purchase agreement has already been signed.
- Standard Form 310-T, the due Diligence Request and Agreement, is used to
request repairs based on findings made during the buyer's due diligence period
after Standard Form 2-T, Offer to Purchase and Contract, has been signed.
In North Carolina, what document is typically used to detail the respective
responsibilities the buyer and seller have during the closing process? - ANSWER
✓ Standard Form 2-T, the Offer to Purchase and Contract
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||ALREADY GRADED
A+||UPDATED 2026/2027
SYLLABUS||<<NEWEST VERSION>>
What is the key difference between a North Carolina residential contract and
commercial contract? - ANSWER ✓ Commercial contracts include extra verbiage
related to closing responsibilities.
Certain expenses are prorated at closing, with the seller paying through the closing
date, and the buyer responsible for _______. - ANSWER ✓ Expenses incurred
after close of escrow
In the North Carolina Form 580-T, Agreement for Purchase and Sale of Real
Property, what does the Brokers section state? - ANSWER ✓ Both parties agree to
compensate the licensees as agreed.
-The Brokers section states that buyers and sellers both agree to compensate the
brokers as written in the contract. They also confirm that the only brokers with
whom they are working are the ones who are listed in the agreement, and that
compensation is described in detail in separate agency agreements.
Broker Christy is completing the North Carolina Agreement for Purchase and Sale
of Improved Real Property form for her clients, who are buying a commercial
warehouse. Under which provision will she list the building's address? - ANSWER
✓ Property
On the North Carolina 580-T contract, the seller must obtain information about
lease tenants, if any. Which of the following is NOT something the seller must
provide to the buyer? - ANSWER ✓ Lease applications from tenants
, Agent Simone represents Mr. and Mrs. Abbott, who are selling their
condominium. Simone receives an offer from a potential buyer who, Simone
knows, really wants the condo but won't be able to close for about 30 days. What
should she do? - ANSWER ✓ She should present the offer to the Abbots AND
disclose the information about the buyer.
Which of the following stipulates that an offer has been made when the offeror
mails it (rather than when the offeree receives it)? - ANSWER ✓ Mailbox rule
Emily wants to revoke her offer on John's North Carolina property. Under which
of the following conditions is this permitted? - ANSWER ✓ She may revoke her
offer only if she hasn't been notified that John accepted her offer.
Samuel, who's represented by broker Kyla, made an offer for $350,000 on
Christine's property. Christine is represented by Jim. Who is the offeree in this
situation? - ANSWER ✓ Christine
Daviana, who's represented by broker Steve, was selling her house for $200,000.
Jae, who's represented by broker Alana, made an offer on it for $199,000, which
Daviana accepted. Who is the offeror in this situation? - ANSWER ✓ Jae
Which of the following is an example of using traditional methods of offer and
acceptance? - ANSWER ✓ Direct personal dealing
In North Carolina, which of the following statements about revocation of offers is
true? - ANSWER ✓ Offers may be revoked any time before they're accepted and
that acceptance is communicated to the offeror.
North Carolina resident Kim made an offer on a property owned by Jacob. Before
Jacob accepted the offer, Kim was killed in a car accident. What happens to the
offer? - ANSWER ✓ The offer is terminated upon Kim's death.
Susan has just signed her first seller client, and he's already getting offers. Which
of the following does Susan NOT need to do? - ANSWER ✓ Decide which offer
her client should accept.
, Which of the following options demonstrates the requirements for a valid, legally
binding North Carolina sales contract? - ANSWER ✓ Joe made an offer to Zoe,
and Zoe accepted the offer in writing. That acceptance was communicated to Joe.
Which of these is the best definition of a modified purchase offer? - ANSWER ✓
Changes made to a purchase offer that together constitute a counter-offer
Which of the following statements about contract modifications is true? -
ANSWER ✓ A modification, once initialed and signed, is a counter-offer.
When presented with multiple offers, sellers should _______. - ANSWER ✓
Consider each and make their own decision
In which of the following scenarios relating to a buyer's due diligence would a
North Carolina broker use Standard Form 2A11-T, the Additional Provisions
Addendum? - ANSWER ✓ When the buyer wishes to request a repair or alteration
to the property as a part of the original purchase agreement.
North Carolina buyer Olivia just had her offer for Stan's property accepted.
Olivia's broker Tyler advised her that she'd want to perform due diligence. Who is
obligated to assist her with Olivia due diligence efforts? - ANSWER ✓ Both Tyler
and Stan's broker
North Carolina broker Kevin is representing buyer Brenda in the purchase of seller
Tom's house. Brenda and Tom signed a purchase agreement, and Brenda is in her
due diligence period. She received a copy of the professional home inspection
report and wants to request that Tom repair a few issues that the inspector found.
Which form should Kevin use to make this request? - ANSWER ✓ Standard Form
310-T
Brittany is in the process of buying Sam's Charlotte home. Brittany's agent, Tim,
and Sam's agent, Mila, as well as the closing attorney, Arthur, also have roles in
the transaction. Who is responsible for getting Arthur the information and
documents needed for the transaction to close? - ANSWER ✓ Both Brittany and
Sam, with the help of their agents, are responsible for getting pre-closing
documents and information to the closing attorney.
, In a North Carolina residential real estate transaction, which one of the following
tasks is the property seller's responsibility? - ANSWER ✓ Assigning any
outstanding leases from the seller to the buyer
Both buyer Beth and seller Sally received requests from North Carolina closing
attorney Allen for information and documents related to their current real estate
transaction. Why would Beth and Sally be motivated to comply with these requests
in a timely manner? - ANSWER ✓ Failing to get Allen what he needs in a timely
manner could lead to unnecessary closing delays.
Gary is in the process of buying a home just outside of Raleigh from seller
Stanley. When the time comes, who will identify the closing attorney for the
transaction? - ANSWER ✓ Gary
Which of the following statements best describes a buyer performing due
diligence during a North Carolina real estate transaction? - ANSWER ✓ The
buyer meets with a lender to get pre-qualified, arranges a home inspection and
appraisal, asks questions, and investigates any other areas of the property the buyer
feels may need it.
In which of the following scenarios relating to a buyer's due diligence would a
North Carolina broker use Standard Form 4-T, the Agreement to Amend Contract?
- ANSWER ✓ When the buyer wishes to renegotiate the purchase price of the
property after the purchase agreement has already been signed.
In North Carolina, who identifies the closing attorney for a real estate transaction?
- ANSWER ✓ The buyer
In which of the following scenarios relating to a buyer's due diligence would a
North Carolina broker use Standard Form 310-T, the Due Diligence Request and
Agreement? - ANSWER ✓ When the buyer wishes to request the seller perform a
repair or alteration after the purchase agreement has already been signed.
- Standard Form 310-T, the due Diligence Request and Agreement, is used to
request repairs based on findings made during the buyer's due diligence period
after Standard Form 2-T, Offer to Purchase and Contract, has been signed.
In North Carolina, what document is typically used to detail the respective
responsibilities the buyer and seller have during the closing process? - ANSWER
✓ Standard Form 2-T, the Offer to Purchase and Contract
