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NC Real Estate Post-licensing 303 Questions
and Correct Answers
When is an active NC real estate license required? Ans: — When
any person or entity is performing brokerage activities for
consideration (payment) as an agent for others
What brokerage activities require a person or firm to have a NC
real estate license? Ans: — Listing, leasing, buying, exchanging,
auctioning, negotiating, referring, and selling. Also selling
timeshares in advertising real property property in any manner.
What activities do not require NC real estate license? Ans: —
1.business entity, selling or leasing entity, owned property
2. attorney in fact
3. Court appointed
4. Trustee
5. W-2 employee of broker property management.
What is an example of permitted activities for an unlicensed
assistant or inactive licensee Ans: — Clerical and administrative
function, such as scheduling appointments, computing
commission checks for licenses receiving and forwarding phone
calls assisting with assembling documents for closing showing
properties for lease filling in the blank on standard forms under
the direction of and with information provided by a licensed
broker
What are examples of activities that an unlicensed assistant cannot
perform? Ans: — Conducting an open house. Writing or creating
promotional material, showing properties for sale. receiving
compensation for referring a customer to a real estate licensee,
soliciting listings
What does a full broker need in order to affiliate with multiple
firms? Ans: — Permission from BICs at both firms
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What are the annual continuing education requirements? Ans: —
For Provisional Brokers and Brokers: GENUP and 4-hour elective by
June 10; For BIC Eligible Brokers and Designated BICs: BICUP and
4-hour elective by June 10.
What happens when a broker charges license is not renewed on
time? Ans: — The firms license becomes inactive for brokers
affiliated with the BIC are still active, but at their home address
and provisional brokers affiliated with the BIC become inactive.
When is a newly licensed provisional broker required to complete
their first annual continuing education requirements? Ans: — after
their first license renewal (before June 10 of the first full license
year and before their second license renewal)
What are the requirements to obtain or be issued a firm license?
Ans: — Authority from the NC Secretary of State to engage in
business in North Carolina, Firm application, Entity principles
must satisfy character requirements, Qualifying broker, BIC at
every location.
What is required to be a qualifying broker? Ans: — Qualifying
brokers must be a principle of the entity(work for them) and have
an active real estate license.
What are the responsibilities of the qualifying broker? Ans: — A
point brokers in charge, renew the firm license annually, notify the
commission within 10 days of any changes. The firms pocket card,
Secure, transactional and trust account records when the BIC
changes.
What is a limited non-residential commercial license? Ans: — A
licensed that allows another state to enter NC for the purpose of
engaging in commercial brokerage.
What are the requirements to obtain a limited non-residential
commercial license? Ans: — Must not be a resident of North
Carolina, must have an active real estate license, and must be an
individual not an entity or company
What documents are required before a limited non-residential
commercial broker can enter North Carolina to engage in
© 2025 All rights reserved
NC Real Estate Post-licensing 303 Questions
and Correct Answers
When is an active NC real estate license required? Ans: — When
any person or entity is performing brokerage activities for
consideration (payment) as an agent for others
What brokerage activities require a person or firm to have a NC
real estate license? Ans: — Listing, leasing, buying, exchanging,
auctioning, negotiating, referring, and selling. Also selling
timeshares in advertising real property property in any manner.
What activities do not require NC real estate license? Ans: —
1.business entity, selling or leasing entity, owned property
2. attorney in fact
3. Court appointed
4. Trustee
5. W-2 employee of broker property management.
What is an example of permitted activities for an unlicensed
assistant or inactive licensee Ans: — Clerical and administrative
function, such as scheduling appointments, computing
commission checks for licenses receiving and forwarding phone
calls assisting with assembling documents for closing showing
properties for lease filling in the blank on standard forms under
the direction of and with information provided by a licensed
broker
What are examples of activities that an unlicensed assistant cannot
perform? Ans: — Conducting an open house. Writing or creating
promotional material, showing properties for sale. receiving
compensation for referring a customer to a real estate licensee,
soliciting listings
What does a full broker need in order to affiliate with multiple
firms? Ans: — Permission from BICs at both firms
© 2025 All rights reserved
, 2 | Page
What are the annual continuing education requirements? Ans: —
For Provisional Brokers and Brokers: GENUP and 4-hour elective by
June 10; For BIC Eligible Brokers and Designated BICs: BICUP and
4-hour elective by June 10.
What happens when a broker charges license is not renewed on
time? Ans: — The firms license becomes inactive for brokers
affiliated with the BIC are still active, but at their home address
and provisional brokers affiliated with the BIC become inactive.
When is a newly licensed provisional broker required to complete
their first annual continuing education requirements? Ans: — after
their first license renewal (before June 10 of the first full license
year and before their second license renewal)
What are the requirements to obtain or be issued a firm license?
Ans: — Authority from the NC Secretary of State to engage in
business in North Carolina, Firm application, Entity principles
must satisfy character requirements, Qualifying broker, BIC at
every location.
What is required to be a qualifying broker? Ans: — Qualifying
brokers must be a principle of the entity(work for them) and have
an active real estate license.
What are the responsibilities of the qualifying broker? Ans: — A
point brokers in charge, renew the firm license annually, notify the
commission within 10 days of any changes. The firms pocket card,
Secure, transactional and trust account records when the BIC
changes.
What is a limited non-residential commercial license? Ans: — A
licensed that allows another state to enter NC for the purpose of
engaging in commercial brokerage.
What are the requirements to obtain a limited non-residential
commercial license? Ans: — Must not be a resident of North
Carolina, must have an active real estate license, and must be an
individual not an entity or company
What documents are required before a limited non-residential
commercial broker can enter North Carolina to engage in
© 2025 All rights reserved
