303 NC POST LICENSING WELL
RESEARCHED ACTUAL EXAM
COMPLETE ACCURATE EXAM
QUESTIONS WITH 100% DETAILED
VERIFIED AND CORRECT
ANSEWERS ACTUAL BRAND-NEW
EXAM ALREADY GRADED A+
What should a landlord install in every unit? -
....ANSWER...Smoke detector, and carbon monoxide
detector in every unit that has an attached garage or a
fossil fuel appliance.
Smoke detector battery responsibilities for leases -
....ANSWER...The landlord is responsible for installing
new batteries at beginning of tenancy and tenant is
responsible for replacing batteries during the lease.
Landlord right to access property - ....ANSWER...In
case of emergency, landlord has immediate access.
For all repairs and inspection, landlord has reasonable
access to the property.
1
,Tenants basic obligations under the act are to: -
....ANSWER...- Keep premises clean and safe
Dispose of waste and garbage
Keep fixtures clean
Not negligently damage the unit
Comply with building and housing codes
Be responsible for damage
Share responsibility for maintaining smoke and
carbon monoxide detectors.
When it comes to actual eviction, the only way to regain
possession is through a.. -
....ANSWER...judicial legal process
A landlord gets a right to hearing within how many days
- ....ANSWER...A landlord gets a right to hearing within
7 days
A writ must be issued to the sheriff within -
....ANSWER...5 days of the hearing.
A landlord must hold the personal property of a tenant
for.. - ....ANSWER...7 days if the property is worth
over $500, and 5 days if it is valued under
$500.
2
,A tenant has a ____ month defense to an eviction
when they have asserted a legal right. -
....ANSWER...12 month
tenant may terminate lease early if they have a -
....ANSWER...court order of protection, or restraining
order, and must give 30 days notice to landlord
Members of the military may terminate a lease with 30
days notice due to the following - .............ANSWER...-
Station changes order 50 miles
away involuntary or premature
Discharged, deployed for 90 days or more death on
active duty
All tenant security deposits must be deposited in a -
....ANSWER...Trust account, although a private owner
who is not a licensee may obtain a bond.
The maximum amount that can be collected as a
security deposit; - ....ANSWER...depends on the length
of the lease
For leases of a weekly term, the maximum deposit is
- ....ANSWER...2 weeks worth of rent
3
, For leases of a monthly term, the maximum deposit is -
....ANSWER...1 1/2 months
For leases longer than a month, the maximum deposit is
- ....ANSWER...2 months
When an investor seeks to sell a property that is subject
to capital gains tax and invests the money in another
real estate investment, they may elect to defer the tax
by using a.. - ....ANSWER...1031 Tax deferred
exchange
A tax-deferred exchange can never be utilized when
dealing with - ....ANSWER...like kind property
In completing an exchange, a real estate licensee should
know that; - ....ANSWER...Use an exchanger to hold
and reinvest money
Strict timelines are involved Owner
may not touch the money
4
RESEARCHED ACTUAL EXAM
COMPLETE ACCURATE EXAM
QUESTIONS WITH 100% DETAILED
VERIFIED AND CORRECT
ANSEWERS ACTUAL BRAND-NEW
EXAM ALREADY GRADED A+
What should a landlord install in every unit? -
....ANSWER...Smoke detector, and carbon monoxide
detector in every unit that has an attached garage or a
fossil fuel appliance.
Smoke detector battery responsibilities for leases -
....ANSWER...The landlord is responsible for installing
new batteries at beginning of tenancy and tenant is
responsible for replacing batteries during the lease.
Landlord right to access property - ....ANSWER...In
case of emergency, landlord has immediate access.
For all repairs and inspection, landlord has reasonable
access to the property.
1
,Tenants basic obligations under the act are to: -
....ANSWER...- Keep premises clean and safe
Dispose of waste and garbage
Keep fixtures clean
Not negligently damage the unit
Comply with building and housing codes
Be responsible for damage
Share responsibility for maintaining smoke and
carbon monoxide detectors.
When it comes to actual eviction, the only way to regain
possession is through a.. -
....ANSWER...judicial legal process
A landlord gets a right to hearing within how many days
- ....ANSWER...A landlord gets a right to hearing within
7 days
A writ must be issued to the sheriff within -
....ANSWER...5 days of the hearing.
A landlord must hold the personal property of a tenant
for.. - ....ANSWER...7 days if the property is worth
over $500, and 5 days if it is valued under
$500.
2
,A tenant has a ____ month defense to an eviction
when they have asserted a legal right. -
....ANSWER...12 month
tenant may terminate lease early if they have a -
....ANSWER...court order of protection, or restraining
order, and must give 30 days notice to landlord
Members of the military may terminate a lease with 30
days notice due to the following - .............ANSWER...-
Station changes order 50 miles
away involuntary or premature
Discharged, deployed for 90 days or more death on
active duty
All tenant security deposits must be deposited in a -
....ANSWER...Trust account, although a private owner
who is not a licensee may obtain a bond.
The maximum amount that can be collected as a
security deposit; - ....ANSWER...depends on the length
of the lease
For leases of a weekly term, the maximum deposit is
- ....ANSWER...2 weeks worth of rent
3
, For leases of a monthly term, the maximum deposit is -
....ANSWER...1 1/2 months
For leases longer than a month, the maximum deposit is
- ....ANSWER...2 months
When an investor seeks to sell a property that is subject
to capital gains tax and invests the money in another
real estate investment, they may elect to defer the tax
by using a.. - ....ANSWER...1031 Tax deferred
exchange
A tax-deferred exchange can never be utilized when
dealing with - ....ANSWER...like kind property
In completing an exchange, a real estate licensee should
know that; - ....ANSWER...Use an exchanger to hold
and reinvest money
Strict timelines are involved Owner
may not touch the money
4
