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NC Post-Licensing 303 Exam newest 2025 with
200 accurate and verified questions covering
agent relationships and responsibilities, contract
law, license status, and North Carolina real
estate regulations.
Syndication - .....ANSWER ...✔✔ Two or more forms
joining together as an entity to own real estate
Estate in severalty - .....ANSWER ...✔✔ Ownership by
one individual
Concurrent ownership - .....ANSWER ...✔✔ Two or
more persons share ownership with undivided interests
Tenancy in common - .....ANSWER ...✔✔ Co-
ownership without right of survivorship to other owners
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Police power - .....ANSWER ...✔✔ The broad right of
the government to place reasonable restrictions on the
use of privately held land
Easement - .....ANSWER ...✔✔ A right of use or
enjoyment that one person has in the hands of another
for a specific purpose
Leasehold estate - .....ANSWER ...✔✔ A tenant's right
to possess real estate for the term of a lease
Homestead rights - .....ANSWER ...✔✔ Protection of a
primary home against certain creditors
Deed restrictions - .....ANSWER ...✔✔ Private
agreements that govern the use of land
Lien - .....ANSWER ...✔✔ A claim that a party has
against the property of another to secure payment of a
debt
Easement in gross - .....ANSWER ...✔✔ An easement
given to a utility company in perpetuity
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Real property tax lien - .....ANSWER ...✔✔ A lien that
takes property over all others
Zoning ordinances - .....ANSWER ...✔✔ Enforced by
local municipalities as a part of their right to govern
land use
License - .....ANSWER ...✔✔ Revocable in assignable
permission granting privilege to use property
Writ of attachment - .....ANSWER ...✔✔ Used to
create encumbrance against real property
Encroachment - .....ANSWER ...✔✔ Unauthorized use
of another persons land
Survey - .....ANSWER ...✔✔ Administered to reveal
encroachments
Lien waiver - .....ANSWER ...✔✔ Releases an
unrecorded lien
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Methods of terminating easements (3) - .....ANSWER
...✔✔ 1. Merger
2. Release
3. Abandonment
Express agreement (easement) - .....ANSWER ...✔✔
Easement is real property interest and therefore
transferred by deed and typically recordsd
Types of specific liens (3) - .....ANSWER ...✔✔ 1.
Government lien
2. Mechanic/construction lien
3. Mortgage
Types of general liens (3) - .....ANSWER ...✔✔ 1.
Judgment lien
2. IRS or state lien
3. Personal property tax lien
Joint tenancy - .....ANSWER ...✔✔ Co-ownership with
right of survivorship to other owners (not typical in NC)
NC Post-Licensing 303 Exam newest 2025 with
200 accurate and verified questions covering
agent relationships and responsibilities, contract
law, license status, and North Carolina real
estate regulations.
Syndication - .....ANSWER ...✔✔ Two or more forms
joining together as an entity to own real estate
Estate in severalty - .....ANSWER ...✔✔ Ownership by
one individual
Concurrent ownership - .....ANSWER ...✔✔ Two or
more persons share ownership with undivided interests
Tenancy in common - .....ANSWER ...✔✔ Co-
ownership without right of survivorship to other owners
,2|Page
Police power - .....ANSWER ...✔✔ The broad right of
the government to place reasonable restrictions on the
use of privately held land
Easement - .....ANSWER ...✔✔ A right of use or
enjoyment that one person has in the hands of another
for a specific purpose
Leasehold estate - .....ANSWER ...✔✔ A tenant's right
to possess real estate for the term of a lease
Homestead rights - .....ANSWER ...✔✔ Protection of a
primary home against certain creditors
Deed restrictions - .....ANSWER ...✔✔ Private
agreements that govern the use of land
Lien - .....ANSWER ...✔✔ A claim that a party has
against the property of another to secure payment of a
debt
Easement in gross - .....ANSWER ...✔✔ An easement
given to a utility company in perpetuity
,3|Page
Real property tax lien - .....ANSWER ...✔✔ A lien that
takes property over all others
Zoning ordinances - .....ANSWER ...✔✔ Enforced by
local municipalities as a part of their right to govern
land use
License - .....ANSWER ...✔✔ Revocable in assignable
permission granting privilege to use property
Writ of attachment - .....ANSWER ...✔✔ Used to
create encumbrance against real property
Encroachment - .....ANSWER ...✔✔ Unauthorized use
of another persons land
Survey - .....ANSWER ...✔✔ Administered to reveal
encroachments
Lien waiver - .....ANSWER ...✔✔ Releases an
unrecorded lien
, 4|Page
Methods of terminating easements (3) - .....ANSWER
...✔✔ 1. Merger
2. Release
3. Abandonment
Express agreement (easement) - .....ANSWER ...✔✔
Easement is real property interest and therefore
transferred by deed and typically recordsd
Types of specific liens (3) - .....ANSWER ...✔✔ 1.
Government lien
2. Mechanic/construction lien
3. Mortgage
Types of general liens (3) - .....ANSWER ...✔✔ 1.
Judgment lien
2. IRS or state lien
3. Personal property tax lien
Joint tenancy - .....ANSWER ...✔✔ Co-ownership with
right of survivorship to other owners (not typical in NC)
