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Exam (elaborations)

303 NC POST LICENSING EXAM NEWEST 2024 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A

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303 NC POST LICENSING EXAM NEWEST 2024 ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A

Institution
303 NC POST LICENSING
Course
303 NC POST LICENSING











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Institution
303 NC POST LICENSING
Course
303 NC POST LICENSING

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Uploaded on
July 28, 2024
Number of pages
81
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

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Be kind to yourself, and keep practicing!
Your time: 1 min

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303 0%
NC POST LICENSING EXAM NEWEST 2024
Incorrect 102
ACTUAL EXAM 100 QUESTIONS AND CORRECT
DETAILED
Next steps
ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A
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

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