Unit 1.3 Quiz: BIC And QB
Requirements exam questions with
correct answers rated a+ sure pass
100%
WhichmofmthemfollowingmstatementsmregardingmamBrokerminmChargeminmNorthmCarolinamismtrue?
A
MostmbrokeragemactivitiesminmNorthmCarolinamrequiremthemsupervisionmofmamBrokermInmCharge
B
AllmbrokeragemactivitiesminmNorthmCarolinamrequiremthemsupervisionmofmamBrokerminmCharge
C
ThemBrokerminmChargemofmamrealmestatemfirmmmustmbemthemownermofmthemfirm
D
AmsolemproprietormwillmnevermneedmamBrokerminmChargemtomoffermbrokeragemservicesm-
mCORRECTmANSWERSmAnswer:mA
MostmbrokeragemactivitiesminmNorthmCarolinamrequiremthemsupervisionmofmamBrokermInmCharge
Explanation:mAmBrokermInmChargemismthempersonmwhomisminmchargemofmsupervisingmbrokeragemactiv
itiesmofmonemsinglemgroupmofmlicenseesminmNorthmCarolinamwhomworkmtogethermatmonemsinglemphys
icalmlocation.mNotmeverymlicenseemmustmbemsupervisedmbymamBrokerminmChargembutmmostmwillmnee
dmtombe.mAnymlicenseemwhomwishesmtomadvertisemproperty,mthemselves,mormtheirmrealmestatemservi
cesminmanymwaymwillmneedmtomhavemamBrokermInmCharge.mAlso,manymlicenseemwhomholdsmmoneyminm
TrustmonmbehalfmofmclientsmandmcustomersmmustmbemsupervisedmbymamBrokermInmCharge.mFinally,ma
nymlicenseemwhomwishesmtomworkminmamgroupmofmlicenseesm(2mormmoremworkingmtogether)mmustmb
emsupervisedmbymamBrokermInmCharge.mAnymlicenseem(BrokermormFirm)whomdoesmnonemofmthemabov
emcanmoperatemwithoutmamBrokermInmChargemifmtheymchoosemtomdomso.mThemBrokerminmChargemofma
mrealmestatemfirmmdoesmnotmneedmotmbemthemownermofmthemfirm.mObviously,mthemownermofmthemfir
, mmcanmservemasmthemBrokerminmChargembutmtheymcanmalsomchoosemtomhiremsomeonemtomservemthem
role.
WhichmofmthemfollowingmrealmestatemlicenseesminmNorthmCarolinamwouldmrequiremthemsupervisionm
ofmamBrokermInmCharge?
A
AmnonprovisionalmbrokermwhomremainsmonmActivemstatusmsomthatmtheymcanmbempaidmoccasionalmre
ferralmfeesmformreferringmfriendsmandmfamilymtomothermActivembrokersminmthemstate
B
Amprovisionalmbrokermwhomdoesmnotmwishmtomperformmanymbrokeragemservicesmormbempaidmanymre
almestatemcompensation
C
Amnonprovisionalmbrokermwhomhandsmoutmtheirmbusinessmcardmtompotentialmrealmestatembuyersmin
mhopesmthatmthembuyersmwillmcontactmthemmformpropertyminformation
D
Amrealmestatemfirmmthatmexistsmonlymformthempaymentmofmcommissionsmthatmwouldmotherwisembem
owedmtomthemownermofmthemLLCmthatmoperatesmthemfirmm-mCORRECTmANSWERSmAnswer:mC
Amnonprovisionalmbrokermwhomhandsmoutmtheirmbusinessmcardmtompotentialmrealmestatembuyersmin
mhopesmthatmthembuyersmwillmcontactmthemmformpropertyminformation
Explanation:mAmBrokermInmChargemismthempersonmwhomisminmchargemofmsupervisingmbrokeragemactiv
itiesmofmonemsinglemgroupmofmlicenseesminmNorthmCarolinamwhomworkmtogethermatmonemsinglemphys
icalmlocation.mNotmeverymlicenseemmustmbemsupervisedmbymamBrokerminmChargembutmmostmwillmnee
dmtombe.mAnymlicenseemwhomwishesmtomadvertisemproperty,mthemselves,mormtheirmrealmestatemservi
cesminmanymwaymwillmneedmtomhavemamBrokermInmCharge.mThismmeansmthatmhandingmoutmrealmestat
embusinessmcardsmwouldmrequiremhavingmamBrokermInmChargemtomsupervisemthemadvertising.mAmnon
provisionalmbrokermcanmremainmonm"Active"mstatusmwithoutmthemsupervisionmofmamBrokermInmChar
gemifmtheymdomnotmadvertise,mdomnotmholdmtrustmmoney,mandmdomnotmworkmwithmothers.mSomamnon
provisionalmbrokermwhomismonlymacceptingmthemoccasionalmreferralmfeemwithoutmadvertisingmwoul
dn'tmneedmamBrokerminmCharge.mItmismtruemthatmanymprovisionalmbrokermwhomwishesmtombemonm"Act
Requirements exam questions with
correct answers rated a+ sure pass
100%
WhichmofmthemfollowingmstatementsmregardingmamBrokerminmChargeminmNorthmCarolinamismtrue?
A
MostmbrokeragemactivitiesminmNorthmCarolinamrequiremthemsupervisionmofmamBrokermInmCharge
B
AllmbrokeragemactivitiesminmNorthmCarolinamrequiremthemsupervisionmofmamBrokerminmCharge
C
ThemBrokerminmChargemofmamrealmestatemfirmmmustmbemthemownermofmthemfirm
D
AmsolemproprietormwillmnevermneedmamBrokerminmChargemtomoffermbrokeragemservicesm-
mCORRECTmANSWERSmAnswer:mA
MostmbrokeragemactivitiesminmNorthmCarolinamrequiremthemsupervisionmofmamBrokermInmCharge
Explanation:mAmBrokermInmChargemismthempersonmwhomisminmchargemofmsupervisingmbrokeragemactiv
itiesmofmonemsinglemgroupmofmlicenseesminmNorthmCarolinamwhomworkmtogethermatmonemsinglemphys
icalmlocation.mNotmeverymlicenseemmustmbemsupervisedmbymamBrokerminmChargembutmmostmwillmnee
dmtombe.mAnymlicenseemwhomwishesmtomadvertisemproperty,mthemselves,mormtheirmrealmestatemservi
cesminmanymwaymwillmneedmtomhavemamBrokermInmCharge.mAlso,manymlicenseemwhomholdsmmoneyminm
TrustmonmbehalfmofmclientsmandmcustomersmmustmbemsupervisedmbymamBrokermInmCharge.mFinally,ma
nymlicenseemwhomwishesmtomworkminmamgroupmofmlicenseesm(2mormmoremworkingmtogether)mmustmb
emsupervisedmbymamBrokermInmCharge.mAnymlicenseem(BrokermormFirm)whomdoesmnonemofmthemabov
emcanmoperatemwithoutmamBrokermInmChargemifmtheymchoosemtomdomso.mThemBrokerminmChargemofma
mrealmestatemfirmmdoesmnotmneedmotmbemthemownermofmthemfirm.mObviously,mthemownermofmthemfir
, mmcanmservemasmthemBrokerminmChargembutmtheymcanmalsomchoosemtomhiremsomeonemtomservemthem
role.
WhichmofmthemfollowingmrealmestatemlicenseesminmNorthmCarolinamwouldmrequiremthemsupervisionm
ofmamBrokermInmCharge?
A
AmnonprovisionalmbrokermwhomremainsmonmActivemstatusmsomthatmtheymcanmbempaidmoccasionalmre
ferralmfeesmformreferringmfriendsmandmfamilymtomothermActivembrokersminmthemstate
B
Amprovisionalmbrokermwhomdoesmnotmwishmtomperformmanymbrokeragemservicesmormbempaidmanymre
almestatemcompensation
C
Amnonprovisionalmbrokermwhomhandsmoutmtheirmbusinessmcardmtompotentialmrealmestatembuyersmin
mhopesmthatmthembuyersmwillmcontactmthemmformpropertyminformation
D
Amrealmestatemfirmmthatmexistsmonlymformthempaymentmofmcommissionsmthatmwouldmotherwisembem
owedmtomthemownermofmthemLLCmthatmoperatesmthemfirmm-mCORRECTmANSWERSmAnswer:mC
Amnonprovisionalmbrokermwhomhandsmoutmtheirmbusinessmcardmtompotentialmrealmestatembuyersmin
mhopesmthatmthembuyersmwillmcontactmthemmformpropertyminformation
Explanation:mAmBrokermInmChargemismthempersonmwhomisminmchargemofmsupervisingmbrokeragemactiv
itiesmofmonemsinglemgroupmofmlicenseesminmNorthmCarolinamwhomworkmtogethermatmonemsinglemphys
icalmlocation.mNotmeverymlicenseemmustmbemsupervisedmbymamBrokerminmChargembutmmostmwillmnee
dmtombe.mAnymlicenseemwhomwishesmtomadvertisemproperty,mthemselves,mormtheirmrealmestatemservi
cesminmanymwaymwillmneedmtomhavemamBrokermInmCharge.mThismmeansmthatmhandingmoutmrealmestat
embusinessmcardsmwouldmrequiremhavingmamBrokermInmChargemtomsupervisemthemadvertising.mAmnon
provisionalmbrokermcanmremainmonm"Active"mstatusmwithoutmthemsupervisionmofmamBrokermInmChar
gemifmtheymdomnotmadvertise,mdomnotmholdmtrustmmoney,mandmdomnotmworkmwithmothers.mSomamnon
provisionalmbrokermwhomismonlymacceptingmthemoccasionalmreferralmfeemwithoutmadvertisingmwoul
dn'tmneedmamBrokerminmCharge.mItmismtruemthatmanymprovisionalmbrokermwhomwishesmtombemonm"Act
