NC POST LICENSING 303 EXAM / 303 NC POST
LICENSING ACTUAL EXAM 2024 (A NEW UPDATED
VERSION 2024/2025) COMPLETE REAL QUESTIONS
AND CORRECT VERIFIED ANSWERS WITH
RATIONALES |GUARANTEED PASS A+
North Carolina broker-in-charge Caleb has let his broker's
license expire. What does that mean for his BIC status? -
Answer-His BIC-eligible status terminates, and he'll need to
start the process of gaining eligibility over again.
According to the EPA, at what level does radon become a
health concern requiring mitigation? - Answer-4.0 picocuries
per liter of air
Maxwell is a tenant. His lease has a fixed rent in which the
landlord pays all taxes, insurance, and maintenance expenses.
What type of lease does he have? - Answer-Gross
Chad, a landlord, made a pass at one of his tenants. She refused
his advances, and her rent increased the following month. The
other tenants didn't receive a rent increase. How did Chad
violate fair housing law? - Answer-He created special terms for
a tenant based on sex.
,In North Carolina, regular home financing might not available
for which type of dwelling? - Answer-Manufactured home
Where must North Carolina landlord Jesus deposit residential
tenants' security deposits? - Answer-In a trust account in a
North Carolina financial institution
Which type of properties are covered under the North Carolina
Vacation Rental Act? - Answer-Residential property rented for
vacation, leisure, or recreational purposes for fewer than 90
days
North Carolina broker Lark is acting as a broker-in-charge for
her brokerage office. What will Lark need to do to maintain her
eligible status to keep her BIC role? - Answer-She'll need to
keep her broker's license active.
Who is responsible for providing the seller's property disclosure
form to the buyers? - Answer-The seller
In North Carolina, which jurisdiction usually sets zoning
regulations? - Answer-City
,Alex is a licensed broker at Burr Realty in Greensboro, North
Carolina. One of his responsibilities is to notify NCREC if there
are any major changes with the brokerage, like name, address,
or key personnel changes. Based on this information, what
position does Alex hold? - Answer-Qualified broker
Terry is a North Carolina broker whose license was revoked
nine months ago. Which of the following is NOT required for his
license to be reinstated? - Answer-Completing the 75-hour pre-
licensing education course
RATIONALE: -To have a revoked license reinstated, a post-
licensing course is required, along with a reinstatement
application, reinstatement fee, and passing the licensing exams.
The pre-licensing course is NOT required of a reinstatement
that's occurring fewer than two years after the revocation.
Which of the following scenarios accurately represents your
environmental disclosure responsibility as a real estate
licensee? - Answer--You must disclose all known environmental
hazards for both residential and commercial properties.
, Mary, a woman of color, has filed a fair housing complaint after
suspecting her real estate agent was only showing her homes in
communities that were primarily made up of minorities. After
completing its investigation, HUD found reasonable cause to
believe that discrimination occurred. What will happen next? -
Answer-HUD will issue a charge of discrimination and will notify
Mary, the complainant, of its determination.
How can North Carolina landlords remove tenants who engage
in illegal activities like drug manufacturing on the premises? -
Answer-Send the tenant a notice of immediate lease
termination
Which aspect of highest and best use is concerned with land
use restrictions and zoning? - Answer-Is it legally allowable or
permissible?
In North Carolina, the Vacation Rental Act provides what kind
of exception regarding compensation for real estate brokerage
activities? - Answer-Under this act, a travel agent who does not
hold an active real estate license may accept a referral fee for
referring a tenant to a broker for a vacation rental if certain
provisions are met.
LICENSING ACTUAL EXAM 2024 (A NEW UPDATED
VERSION 2024/2025) COMPLETE REAL QUESTIONS
AND CORRECT VERIFIED ANSWERS WITH
RATIONALES |GUARANTEED PASS A+
North Carolina broker-in-charge Caleb has let his broker's
license expire. What does that mean for his BIC status? -
Answer-His BIC-eligible status terminates, and he'll need to
start the process of gaining eligibility over again.
According to the EPA, at what level does radon become a
health concern requiring mitigation? - Answer-4.0 picocuries
per liter of air
Maxwell is a tenant. His lease has a fixed rent in which the
landlord pays all taxes, insurance, and maintenance expenses.
What type of lease does he have? - Answer-Gross
Chad, a landlord, made a pass at one of his tenants. She refused
his advances, and her rent increased the following month. The
other tenants didn't receive a rent increase. How did Chad
violate fair housing law? - Answer-He created special terms for
a tenant based on sex.
,In North Carolina, regular home financing might not available
for which type of dwelling? - Answer-Manufactured home
Where must North Carolina landlord Jesus deposit residential
tenants' security deposits? - Answer-In a trust account in a
North Carolina financial institution
Which type of properties are covered under the North Carolina
Vacation Rental Act? - Answer-Residential property rented for
vacation, leisure, or recreational purposes for fewer than 90
days
North Carolina broker Lark is acting as a broker-in-charge for
her brokerage office. What will Lark need to do to maintain her
eligible status to keep her BIC role? - Answer-She'll need to
keep her broker's license active.
Who is responsible for providing the seller's property disclosure
form to the buyers? - Answer-The seller
In North Carolina, which jurisdiction usually sets zoning
regulations? - Answer-City
,Alex is a licensed broker at Burr Realty in Greensboro, North
Carolina. One of his responsibilities is to notify NCREC if there
are any major changes with the brokerage, like name, address,
or key personnel changes. Based on this information, what
position does Alex hold? - Answer-Qualified broker
Terry is a North Carolina broker whose license was revoked
nine months ago. Which of the following is NOT required for his
license to be reinstated? - Answer-Completing the 75-hour pre-
licensing education course
RATIONALE: -To have a revoked license reinstated, a post-
licensing course is required, along with a reinstatement
application, reinstatement fee, and passing the licensing exams.
The pre-licensing course is NOT required of a reinstatement
that's occurring fewer than two years after the revocation.
Which of the following scenarios accurately represents your
environmental disclosure responsibility as a real estate
licensee? - Answer--You must disclose all known environmental
hazards for both residential and commercial properties.
, Mary, a woman of color, has filed a fair housing complaint after
suspecting her real estate agent was only showing her homes in
communities that were primarily made up of minorities. After
completing its investigation, HUD found reasonable cause to
believe that discrimination occurred. What will happen next? -
Answer-HUD will issue a charge of discrimination and will notify
Mary, the complainant, of its determination.
How can North Carolina landlords remove tenants who engage
in illegal activities like drug manufacturing on the premises? -
Answer-Send the tenant a notice of immediate lease
termination
Which aspect of highest and best use is concerned with land
use restrictions and zoning? - Answer-Is it legally allowable or
permissible?
In North Carolina, the Vacation Rental Act provides what kind
of exception regarding compensation for real estate brokerage
activities? - Answer-Under this act, a travel agent who does not
hold an active real estate license may accept a referral fee for
referring a tenant to a broker for a vacation rental if certain
provisions are met.
