NC POST-LICENSING 303 CERTIFICATION
ACTUAL TEST SCRIPT 2026 VERIFIED
QUESTIONS AND CORRECT ANSWERS A+
●● If a broker's license expired on July 1st and he continued to act as an
agent in a transaction that closes July 15th Answer: the BIC cannot
legally pay the broker a commission
●● A full broker at ABC Realty forms a team with 4 agents called "The
Super Star Team LLC." Answer: Provisional Brokers may dually
affiliate with Super Star LLC and ABC Realty
●● If a business entity applies for a real estate firm license, the
qualifying broker MUST: Answer: be a member manager or owner of
the firm if the business is an LLC
●● A limited, non-residential commercial real estate broker working in
NC Answer: must be actively licensed in his/her home state throughout
any NC transactions
●● A provisional broker who fails to complete all 90 hours of POST
licensing within 18 months of original license date: Answer: Will have
an inactive license
, ●● A provisional broker leaves firm A and joins firm B. When a listing
they obtained while at firm A closes: Answer: Commission can be paid
to the Provisional Broker and not through new BIC
●● A provisional broker may NOT engage in brokerage activities unless
she: Answer: activates her license on her own.
●● To qualify for BIC Eligible status, a licensee must: Answer: have at
least 2 years of full time brokerage experience within the past 5 years.
●● The NC Real Estate Commssion rules require the BIC of real estate
firm to: Answer: Retain all advertising used to market office listings for
3 years
●● What is required to issue a real estate firm license? Answer: An
entity must be registered with the secretary of state in NC.
●● Which of the following activity would not require a NC real estate
license? Answer: A person acting under a POA for completion of the
performance of a contract.
●● A NC Broker referring to a buyer in another NC city should verify
the referral agent has an active NC Broker's license: Answer: Before
paying any compensation to the referral agent
ACTUAL TEST SCRIPT 2026 VERIFIED
QUESTIONS AND CORRECT ANSWERS A+
●● If a broker's license expired on July 1st and he continued to act as an
agent in a transaction that closes July 15th Answer: the BIC cannot
legally pay the broker a commission
●● A full broker at ABC Realty forms a team with 4 agents called "The
Super Star Team LLC." Answer: Provisional Brokers may dually
affiliate with Super Star LLC and ABC Realty
●● If a business entity applies for a real estate firm license, the
qualifying broker MUST: Answer: be a member manager or owner of
the firm if the business is an LLC
●● A limited, non-residential commercial real estate broker working in
NC Answer: must be actively licensed in his/her home state throughout
any NC transactions
●● A provisional broker who fails to complete all 90 hours of POST
licensing within 18 months of original license date: Answer: Will have
an inactive license
, ●● A provisional broker leaves firm A and joins firm B. When a listing
they obtained while at firm A closes: Answer: Commission can be paid
to the Provisional Broker and not through new BIC
●● A provisional broker may NOT engage in brokerage activities unless
she: Answer: activates her license on her own.
●● To qualify for BIC Eligible status, a licensee must: Answer: have at
least 2 years of full time brokerage experience within the past 5 years.
●● The NC Real Estate Commssion rules require the BIC of real estate
firm to: Answer: Retain all advertising used to market office listings for
3 years
●● What is required to issue a real estate firm license? Answer: An
entity must be registered with the secretary of state in NC.
●● Which of the following activity would not require a NC real estate
license? Answer: A person acting under a POA for completion of the
performance of a contract.
●● A NC Broker referring to a buyer in another NC city should verify
the referral agent has an active NC Broker's license: Answer: Before
paying any compensation to the referral agent
