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NC POST LICENSING EXAM NEWEST 2024
Incorrect 102
ACTUAL EXAM 100 QUESTIONS AND CORRECT
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102 missed terms
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1 of 102
Term
Licensees cannot accept or deliver
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1) Inspection fees
2) Survey fees
, 3) Closing disbursements to clients repairs
4) survey payments
1) Assist others in the sale or lease
2) Hold open houses without a licensee
3) Cold call or prospect
4) Make referrals for a fee
5) Create and publish advertisements
The broker has written consent of client and a written agreement specific who gets
the interest
Have a Current and Active License in order to EARN any Compensation, including
referral fees.
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2 of 102
Term
Teams must
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, for advertising with permission from
one bic the bic but all advertising must also
have firm name
have all licensees affiliated with
nothing by their bic
BIC
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3 of 102
Term
RESPA does not apply to (VIP)
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1) Vacant Land Transactions
1) File an application
2) Cash Transactions
2) Affiliate with a NC Broker
3) Seller Financed Transactions
3) Limited to commercial real estate
practice
) Commercial Transactions
, KICKBACKS to
1) Is only available to a non-resident
Settlement Service Providers
of North Carolina
- BANKS
- APPRAISAL COMPANIES
2) licensee must have an active
- TITLE OFFICERS
license in another state
- ATTORNEYS
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4 of 102
Term
Upfits
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Industrial lease with shared repair Residential lease with no repairs
costs included
Commercial lease or sale in
Personal loan for home renovations which OWNER makes and pays
for repairs or improvement
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5 of 102