302 nc post licensing Study guides, Class notes & Summaries
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![NC 302 Post Licensing](/docpics/5640112/666c8d28baad6_5640112_121_171.jpeg)
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NC 302 Post Licensing
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Classifying contracts: 
Express & Implied - Answer-Express: Bilateral, executed 
Intentions stated (orally or written) 
 
Implied: Unilateral, executory 
Inferred from conduct or actions 
 
Classifying contracts: 
Bilateral & Unilateral - Answer-Bilateral - two promises (both parties bound to do something) 
 
Unilateral - Only one party is bound 
 
Classifying Contracts: 
Executed & Executory - Answer-Executed - All tasks performed (After closing) 
 
Executory - tasks remaining to be done (befor...
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BUNDLE FOR NC 302 POST LICENSING EXAM CONTRACTS AND CLOSING NEWEST
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NC 302 POST LICENSING EXAM CONTRACTS AND CLOSING NEWEST 2024-2026 LATEST EXAM VERSION

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Exam (elaborations)
302 NC POST LICENSING EXAM CONTRACTS AND CLOSING 2024 ACTUAL EXAM 400 QUESTIONS WITH COMPLETE SOLUTIONS

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Exam (elaborations)
2024 NC 302 POST LICENSING CONTRACTS & CLOSINGS/NC POST LICENSING 302 JJ 2024-2026 LATEST ACTUAL EXAM 400 QUESTION
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NC Post Licensing 302 JJ Correctly Solved!!
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NC 302 Postlicensing Contracts & Closings 
Regarding Retention of Records 58A.108, a broker must provide copies of transaction documents: 
A) Within a day of receiving 
B) Within 3 days of receiving 
C) Within 5 days of receiving 
D) Within 14 days of receiving - ANSWER B) Within 3 days of receiving 
 
A broker must provide copies of transaction documents:- To the Firm or Sole Proprietorship (BIC) with which they are affiliated- Within 3 days 
 
NC 302 Postlicensing Contracts & Closings 
Regardi...
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NC 302 Post Licensing Correct Questions & Solutions(Verified)
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Classifying contracts: 
Express & Implied - ANSWER Express: Bilateral, executed 
Intentions stated (orally or written) 
 
Implied: Unilateral, executory 
Inferred from conduct or actions 
 
Classifying contracts: 
Bilateral & Unilateral - ANSWER Bilateral - two promises (both parties bound to do something) 
 
Unilateral - Only one party is bound 
 
Classifying Contracts: 
Executed & Executory - ANSWER Executed - All tasks performed (After closing) 
 
Executory - tasks remaining to be done (befor...
![NC 302 Post Licensing Questions & Answers 100% Correct!](/docpics/5122183/662ced48cbc77_5122183_121_171.jpeg)
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NC 302 Post Licensing Questions & Answers 100% Correct!
- Exam (elaborations) • 25 pages • 2024
- Available in package deal
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- $13.99
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Classifying contracts: 
Express & Implied - ANSWERSExpress: Bilateral, executed 
Intentions stated (orally or written) 
 
Implied: Unilateral, executory 
Inferred from conduct or actions 
 
Classifying contracts: 
Bilateral & Unilateral - ANSWERSBilateral - two promises (both parties bound to do something) 
 
Unilateral - Only one party is bound 
 
Classifying Contracts: 
Executed & Executory - ANSWERSExecuted - All tasks performed (After closing) 
 
Executory - tasks remaining to be done (befor...
![NC 302 Post Licensing Questions and answers 2024](/docpics/5037712/6620ecf3cf62e_5037712_121_171.jpeg)
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NC 302 Post Licensing Questions and answers 2024
- Exam (elaborations) • 36 pages • 2024
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Classifying contracts: 
Express & Implied - Express: Bilateral, executed 
Intentions stated (orally or written) 
 
Implied: Unilateral, executory 
Inferred from conduct or actions 
 
Classifying contracts: 
Bilateral & Unilateral - Bilateral - two promises (both parties bound to do something) 
 
Unilateral - Only one party is bound 
 
Classifying Contracts: 
Executed & Executory - Executed - All tasks performed (After closing) 
 
Executory - tasks remaining to be done (before closing) 
 
Statute...
![NC Post-Licensing 302 - Unit Test Questions and answers | Verified](/docpics/5592322/6665ecc832227_5592322_121_171.jpeg)
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NC Post-Licensing 302 - Unit Test Questions and answers | Verified
- Exam (elaborations) • 76 pages • 2024
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In a real estate transaction, which of the following is an example of consideration? - 
ANSWER The seller's promise to sell 
Your automatic check writer wrote a check for $51.50, but your printer ran out of toner, 
so you had to fill in the handwritten line. In a hurry, you accidentally wrote, "Fifty-one 
dollars and no/100 cents." Which amount takes priority? - ANSWER The handwritten 
number
![NC Post Licensing 302 JJ Exam Questions And Answers (Verified And Updated)](/docpics/5559254/6661b80ad7485_5559254_121_171.jpeg)
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NC Post Licensing 302 JJ Exam Questions And Answers (Verified And Updated)
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NC Post Licensing 302 JJ Exam Questions 
And Answers (Verified And Updated) 
NC 302 Postlicensing Contracts & Closings 
Regarding Retention of Records 58A.108, a broker must provide copies of transaction 
documents: 
A) Within a day of receiving 
B) Within 3 days of receiving 
C) Within 5 days of receiving 
D) Within 14 days of receiving - answerB) Within 3 days of receiving 
A broker must provide copies of transaction documents:- To the Firm or Sole Proprietorship 
(BIC) with which they are aff...
![NC Post-Licensing 302 - Unit Test Questions & Answers 100% Correct!](/docpics/5122237/662ceeb6ed77e_5122237_121_171.jpeg)
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NC Post-Licensing 302 - Unit Test Questions & Answers 100% Correct!
- Exam (elaborations) • 51 pages • 2024
- Available in package deal
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In a real estate transaction, which of the following is an example of consideration? - ANSWERSThe seller's promise to sell 
 
Your automatic check writer wrote a check for $51.50, but your printer ran out of toner, so you had to fill in the handwritten line. In a hurry, you accidentally wrote, "Fifty-one dollars and no/100 cents." Which amount takes priority? - ANSWERSThe handwritten number 
 
Morgan has agreed to sell his home to Dierks, and they've signed a contract. Which of these actions...
![NC Real Estate 2023 Exam Questions with All Correct Answers](/docpics/2769124/6466d33b2c594_2769124_121_171.jpeg)
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NC Real Estate 2023 Exam Questions with All Correct Answers
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NC Real Estate 2023 Exam Questions with All Correct Answers 
How do you activate your license? - ANSWER Affiliating with a BIC 
 
What do you need a license for? - ANSWER LLBEANS 
List 
Lease 
Buy 
Exchange 
Auciton 
Negotiate 
Sell (procure a ready, willing, or able buyer) 
 
What is the 3 prong test? - ANSWER To determine if you need a license. 
1. LLBEANS 
2. for others 
3. for compensation 
 
Exemptions to needing a license - ANSWER 1. FSBO 
2. Entity (LLC, Corp, Partnership...
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