NC POST LICENSING 303 COMPREHENSIVE
EXAM 2026 QUESTIONS WITH SOLUTIONS
100% PASS
⩥ Commercial Due Diligence. Answer: Free look, no risk, determined
by buyer and seller
⩥ BPO-Broker Price Opinion Analysis. Answer: Contains a market
analysis and derives value from capitalization rates
⩥ Capitalization formula. Answer: I/R*V
Value=NOI/Rate
⩥ Potential Gross Income. Answer: Vacancy Collection losses
Additional income
⩥ Effective gross income. Answer: Operating expenses
⩥ Net operating income. Answer: Debt service(mortgage), Capital
expenditures reserves commissions
, ⩥ Ground Lease. Answer: Dirt owners dream, common arrangements,
costals, lake, reservations, hong kong is the world's largest
⩥ Common Ground Lease Provision. Answer: Often Allowed
construction of a building typically in the lease get to deduct rent as
business expenses
⩥ Full-Service Lease. Answer: Lease includes services, base rent +
prorated expenses + utilities & services, lessor pays expenses, but they
are shared among tenants, rent is usually higher than other leases, CAMs
⩥ CAMs. Answer: Common area maintenance charges shared by all
tenants
⩥ Landlord. Answer: Lessor of the property; agents that have actual or
apparent authority over the property
⩥ Smoke & Carbon Monoxide Detectors. Answer: Smoke Mandatory,
Carbon attached garage and fossil fuel appliances, landlord must install
10yr lithium batteries or hard wire; tenant replace batteries during the
lease
⩥ Constructive Eviction. Answer: Landlord Breach-Failure to maintain;
Heath & safety. Tenant must move and relinquish possession.
EXAM 2026 QUESTIONS WITH SOLUTIONS
100% PASS
⩥ Commercial Due Diligence. Answer: Free look, no risk, determined
by buyer and seller
⩥ BPO-Broker Price Opinion Analysis. Answer: Contains a market
analysis and derives value from capitalization rates
⩥ Capitalization formula. Answer: I/R*V
Value=NOI/Rate
⩥ Potential Gross Income. Answer: Vacancy Collection losses
Additional income
⩥ Effective gross income. Answer: Operating expenses
⩥ Net operating income. Answer: Debt service(mortgage), Capital
expenditures reserves commissions
, ⩥ Ground Lease. Answer: Dirt owners dream, common arrangements,
costals, lake, reservations, hong kong is the world's largest
⩥ Common Ground Lease Provision. Answer: Often Allowed
construction of a building typically in the lease get to deduct rent as
business expenses
⩥ Full-Service Lease. Answer: Lease includes services, base rent +
prorated expenses + utilities & services, lessor pays expenses, but they
are shared among tenants, rent is usually higher than other leases, CAMs
⩥ CAMs. Answer: Common area maintenance charges shared by all
tenants
⩥ Landlord. Answer: Lessor of the property; agents that have actual or
apparent authority over the property
⩥ Smoke & Carbon Monoxide Detectors. Answer: Smoke Mandatory,
Carbon attached garage and fossil fuel appliances, landlord must install
10yr lithium batteries or hard wire; tenant replace batteries during the
lease
⩥ Constructive Eviction. Answer: Landlord Breach-Failure to maintain;
Heath & safety. Tenant must move and relinquish possession.
