303 NC POST LICENSING EXAM 2024
WELL RESEARCHED ACTUAL EXAM
COMPLETE ACCURATE EXAM
QUESTIONS WITH 100% DETAILED
VERIFIED AND CORRECT ANSWERS
ACTUAL BRAND-NEW EXAM
ALREADY GRADED A+
Listing agents in North Carolina who use the standard
NCAR agency agreement form should be sure to
clearly disclose any compensation-sharing limitations if
their firm restricts with whom they share brokerage
fees. Why is this? - ................................... ANSWER...-
The agency agreement language gives permission to
share compensation with any licensed buyer or seller
agent
Ben and Jerri pay $200 to their HOA every quarter. This
money is likely used for all of the following EXCEPT
for which one? - ....ANSWER...Pay off fines for HOA
rule violations.
A cooperative listing service, like the MLS, requires its
members to cooperate. It also requires them to
______. - ....ANSWER...Offer compensation to the
1
,cooperating broker
Which of the following obligations must tenants fulfill
as part of their statutory duties? -
....ANSWER...Not removing the fridge or dishwasher
that comes with the unit
Which of the following statements is true about septic
systems? - ....ANSWER...They differ in the way they are
installed.
North Carolina's waterway zoning standards apply mostly
to _______. - ....ANSWER...Land within 30 to 50 feet of
the water's edge
Velma is a timeshare developer with flexible morals, and
is found guilty of four separate license law violations.
The commission reprimanded and fined her. What's the
maximum fine she can expect to receive from the
commission for her violations? -
....ANSWER...$2,000
Jasmine is the landlord for several rental homes in
Boiling Spring Lakes. When she receives the security
deposit from one of her tenants, how long must it be held
in a trust account? - ....ANSWER...At least until the end
of tenancy
2
,North Carolina broker Dustin moved, changing his
permanent address. To comply with real estate license
law, who or what entity must Dustin notify? -
....ANSWER...The North Carolina Real Estate
Commission
Samson needs to get insurance for his new condo. What
type of insurance will cover his unit and all personal
property within the unit? - ....ANSWER...An HO6 policy
BIC Sydney is planning to attend broker Alyssa's closing
on July 1 because Alyssa's license became inactive on
June 30. Alyssa's done all the work on this transaction
but simply forgot to take her CE.
3
, Which of the following statements is true? -
....ANSWER...Alyssa is still entitled to the commission
for performing brokerage services she earned prior to the
date her license became inactive.
North Carolina broker Kelly has been convicted of a
misdemeanor. She has _____ days to notify NCREC. -
....ANSWER...60
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
4
WELL RESEARCHED ACTUAL EXAM
COMPLETE ACCURATE EXAM
QUESTIONS WITH 100% DETAILED
VERIFIED AND CORRECT ANSWERS
ACTUAL BRAND-NEW EXAM
ALREADY GRADED A+
Listing agents in North Carolina who use the standard
NCAR agency agreement form should be sure to
clearly disclose any compensation-sharing limitations if
their firm restricts with whom they share brokerage
fees. Why is this? - ................................... ANSWER...-
The agency agreement language gives permission to
share compensation with any licensed buyer or seller
agent
Ben and Jerri pay $200 to their HOA every quarter. This
money is likely used for all of the following EXCEPT
for which one? - ....ANSWER...Pay off fines for HOA
rule violations.
A cooperative listing service, like the MLS, requires its
members to cooperate. It also requires them to
______. - ....ANSWER...Offer compensation to the
1
,cooperating broker
Which of the following obligations must tenants fulfill
as part of their statutory duties? -
....ANSWER...Not removing the fridge or dishwasher
that comes with the unit
Which of the following statements is true about septic
systems? - ....ANSWER...They differ in the way they are
installed.
North Carolina's waterway zoning standards apply mostly
to _______. - ....ANSWER...Land within 30 to 50 feet of
the water's edge
Velma is a timeshare developer with flexible morals, and
is found guilty of four separate license law violations.
The commission reprimanded and fined her. What's the
maximum fine she can expect to receive from the
commission for her violations? -
....ANSWER...$2,000
Jasmine is the landlord for several rental homes in
Boiling Spring Lakes. When she receives the security
deposit from one of her tenants, how long must it be held
in a trust account? - ....ANSWER...At least until the end
of tenancy
2
,North Carolina broker Dustin moved, changing his
permanent address. To comply with real estate license
law, who or what entity must Dustin notify? -
....ANSWER...The North Carolina Real Estate
Commission
Samson needs to get insurance for his new condo. What
type of insurance will cover his unit and all personal
property within the unit? - ....ANSWER...An HO6 policy
BIC Sydney is planning to attend broker Alyssa's closing
on July 1 because Alyssa's license became inactive on
June 30. Alyssa's done all the work on this transaction
but simply forgot to take her CE.
3
, Which of the following statements is true? -
....ANSWER...Alyssa is still entitled to the commission
for performing brokerage services she earned prior to the
date her license became inactive.
North Carolina broker Kelly has been convicted of a
misdemeanor. She has _____ days to notify NCREC. -
....ANSWER...60
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
4
