NC Post Licensing 303 Exam 2026 Questions and Answers

NC Post Licensing 303 Exam 2026
Questions and Answers

Active & current real estate license - Correct answer-Required when assisting

another for compensation in providing brokerage services.

Unlicensed assistants MAY NOT - Correct answer--Negotiate mgmt contracts

-Prepare advertisements

-Negotiate amounts of money

-Determine deductions from deposits

Unlicensed assistants MAY - Correct answer--Accept applications

-Complete & execute preprinted leases

-Accept deposits & payments for delivery to BIC

-Show properties & rental units

-Place for rent signs




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, Full broker who is NOT a BIC can affiliate with a BIC/Firm & can activate as a

Sole Proprietor but CANNOT - Correct answer--Maintain a trust account

-Supervise other licensees

-Offer services or advertise

BIC & BIC eligible status is maintained by - Correct answer--Renewing License

by June 30

-Taking BICUP & elective by June 10

BIC supervising responsibilities are - Correct answer--Firm name on all ads

-No blind ads

-Permission for all signs

-Keep copies

Sole proprietor - Correct answer-Is not an entity & no firm license is needed

Non-resident limited commercial broker's license - Correct answer-Must affiliate

with NC broker and have co-op agreement

Current & active license is - Correct answer-Valid if renewed by June 30




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