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NC Post-Licensing 303 Questions with
Detailed Verified Answers
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? 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? 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? 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?
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? 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
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inspector flag for Mike if there are any concerns about undermining?
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? 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? Ans: Wetland
Before becoming a broker-in-charge, a North Carolina broker must first
apply for _______ with the NCREC. 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?
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 ______. Ans: Is licensed
Which of the following is NOT a measure a developer must take to
prevent sedimentation? 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? 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? Ans: A timeshare salesperson who also has a legal license
performing legal services
NC Post-Licensing 303 Questions with
Detailed Verified Answers
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? 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? 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? 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?
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? 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
, Page | 2
inspector flag for Mike if there are any concerns about undermining?
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? 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? Ans: Wetland
Before becoming a broker-in-charge, a North Carolina broker must first
apply for _______ with the NCREC. 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?
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 ______. Ans: Is licensed
Which of the following is NOT a measure a developer must take to
prevent sedimentation? 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? 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? Ans: A timeshare salesperson who also has a legal license
performing legal services
