NC Post Licensing 303 - Questions With Complete
Solutions
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? Right Ans - 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? Right Ans - Send the
tenant a notice of immediate lease termination
Which aspect of highest and best use is concerned with land use restrictions
and zoning? Right Ans - 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? Right Ans -
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.
Tenant A is leasing commercial property from the landlord. Tenant A then
sublets to Tenant B. Which of the following parties have a sandwich lease?
Right Ans - The original tenant and the landlord
Mike relocated for work and learned that the region in which he planned to
buy a home had many old underground mines. In fact, Mike might even need
to purchase mine subsidence insurance. What might a home inspector flag for
Mike if there are any concerns about undermining? Right Ans - A sinkhole
on the property
An underground storage tank has been in place for 15 years. What is its
remaining useful life, on average? Right Ans - Zero years
, Which of the following is described as an area that is protected by the Clean
Water Act where standing water that supports aquatic plants and animals is
located and groundwater is filtered? Right Ans - Wetland
Before becoming a broker-in-charge, a North Carolina broker must first apply
for _______ with the NCREC. Right Ans - Eligibility
Dave is an employee of a housing authority in his North Carolina county. He's
been asked to lease one of the properties that the housing authority owns to a
new tenant. Does Dave need a real estate license for this? Right Ans - No.
Dave qualifies for the housing authority exemption wherein an employee is
permitted to sell or lease properties that are owned by the housing authority.
It's fine for a personal assistant to answer a buyer's questions related to
contract terms if the personal assistant ______. Right Ans - Is licensed
Which of the following is NOT a measure a developer must take to prevent
sedimentation? Right Ans - Deep rooting trees along shoreline
Randall's clients, Carma and Trent, are looking for a mountain cabin. They tell
Randall they'll pay him a $2,000 finder's fee if he finds the cabin that checks
all of their boxes, and they close on it. Randall finds a likely candidate that's an
FSBO, and negotiations begin. What circumstance is required for Randall to
receive the finder's fee? Right Ans - Carma and Trent must pay the finder's
fee to Randall's broker
Which of the following would NOT be considered a violation of license law?
Right Ans - A timeshare salesperson who also has a legal license performing
legal services
Which of the following best describes a tenant's right to quiet enjoyment?
Right Ans - A tenant has the right to enjoy lawful use of the property without
being dispossessed or trespassed upon, even by the landlord.
Ricky Nubbins is three months behind in his rent and has received several
reminders from the landlord that the rent is past due. As a result, the landlord
has begun working through proper channels to legally end Ricky's lease
before the contract end date. The landlord is terminating his lease through
______. Right Ans - Eviction
Solutions
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? Right Ans - 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? Right Ans - Send the
tenant a notice of immediate lease termination
Which aspect of highest and best use is concerned with land use restrictions
and zoning? Right Ans - 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? Right Ans -
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.
Tenant A is leasing commercial property from the landlord. Tenant A then
sublets to Tenant B. Which of the following parties have a sandwich lease?
Right Ans - The original tenant and the landlord
Mike relocated for work and learned that the region in which he planned to
buy a home had many old underground mines. In fact, Mike might even need
to purchase mine subsidence insurance. What might a home inspector flag for
Mike if there are any concerns about undermining? Right Ans - A sinkhole
on the property
An underground storage tank has been in place for 15 years. What is its
remaining useful life, on average? Right Ans - Zero years
, Which of the following is described as an area that is protected by the Clean
Water Act where standing water that supports aquatic plants and animals is
located and groundwater is filtered? Right Ans - Wetland
Before becoming a broker-in-charge, a North Carolina broker must first apply
for _______ with the NCREC. Right Ans - Eligibility
Dave is an employee of a housing authority in his North Carolina county. He's
been asked to lease one of the properties that the housing authority owns to a
new tenant. Does Dave need a real estate license for this? Right Ans - No.
Dave qualifies for the housing authority exemption wherein an employee is
permitted to sell or lease properties that are owned by the housing authority.
It's fine for a personal assistant to answer a buyer's questions related to
contract terms if the personal assistant ______. Right Ans - Is licensed
Which of the following is NOT a measure a developer must take to prevent
sedimentation? Right Ans - Deep rooting trees along shoreline
Randall's clients, Carma and Trent, are looking for a mountain cabin. They tell
Randall they'll pay him a $2,000 finder's fee if he finds the cabin that checks
all of their boxes, and they close on it. Randall finds a likely candidate that's an
FSBO, and negotiations begin. What circumstance is required for Randall to
receive the finder's fee? Right Ans - Carma and Trent must pay the finder's
fee to Randall's broker
Which of the following would NOT be considered a violation of license law?
Right Ans - A timeshare salesperson who also has a legal license performing
legal services
Which of the following best describes a tenant's right to quiet enjoyment?
Right Ans - A tenant has the right to enjoy lawful use of the property without
being dispossessed or trespassed upon, even by the landlord.
Ricky Nubbins is three months behind in his rent and has received several
reminders from the landlord that the rent is past due. As a result, the landlord
has begun working through proper channels to legally end Ricky's lease
before the contract end date. The landlord is terminating his lease through
______. Right Ans - Eviction
