NC Post-Licensing 303 Exam Questions with
Correct Answers
Save
Terms in this set (84)
Mary, a woman of color, HUD will issue a charge of discrimination and will
has filed a fair housing notify Mary, the complainant, of its determination.
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?
How can North Carolina Send the tenant a notice of immediate lease
landlords remove tenants termination
who engage in illegal
activities like drug
manufacturing on the
premises?
,Which aspect of highest Is it legally allowable or permissible?
and best use is concerned
with land use restrictions
and zoning?
In North Carolina, the Under this act, a travel agent who does not hold an
Vacation Rental Act active real estate license may accept a referral fee for
provides what kind of referring a tenant to a broker for a vacation rental if
exception regarding certain provisions are met.
compensation for real
estate brokerage
activities?
Tenant A is leasing The original tenant and the landlord
commercial property from
the landlord. Tenant A
then sublets to Tenant B.
Which of the following
parties have a sandwich
lease?
Mike relocated for work A sinkhole on the property
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
inspector flag for Mike if
there are any concerns
about undermining?
, An underground storage Zero years
tank has been in place for
15 years. What is its
remaining useful life, on
average?
Which of the following is Wetland
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?
Before becoming a Eligibility
broker-in-charge, a North
Carolina broker must first
apply for _______ with the
NCREC.
Dave is an employee of a No. Dave qualifies for the housing authority
housing authority in his exemption wherein an employee is permitted to sell
North Carolina county. or lease properties that are owned by the housing
He's been asked to lease authority.
one of the properties that
the housing authority
owns to a new tenant.
Does Dave need a real
estate license for this?
It's fine for a personal Is licensed
assistant to answer a
buyer's questions related
to contract terms if the
personal assistant ______.
Correct Answers
Save
Terms in this set (84)
Mary, a woman of color, HUD will issue a charge of discrimination and will
has filed a fair housing notify Mary, the complainant, of its determination.
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?
How can North Carolina Send the tenant a notice of immediate lease
landlords remove tenants termination
who engage in illegal
activities like drug
manufacturing on the
premises?
,Which aspect of highest Is it legally allowable or permissible?
and best use is concerned
with land use restrictions
and zoning?
In North Carolina, the Under this act, a travel agent who does not hold an
Vacation Rental Act active real estate license may accept a referral fee for
provides what kind of referring a tenant to a broker for a vacation rental if
exception regarding certain provisions are met.
compensation for real
estate brokerage
activities?
Tenant A is leasing The original tenant and the landlord
commercial property from
the landlord. Tenant A
then sublets to Tenant B.
Which of the following
parties have a sandwich
lease?
Mike relocated for work A sinkhole on the property
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
inspector flag for Mike if
there are any concerns
about undermining?
, An underground storage Zero years
tank has been in place for
15 years. What is its
remaining useful life, on
average?
Which of the following is Wetland
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?
Before becoming a Eligibility
broker-in-charge, a North
Carolina broker must first
apply for _______ with the
NCREC.
Dave is an employee of a No. Dave qualifies for the housing authority
housing authority in his exemption wherein an employee is permitted to sell
North Carolina county. or lease properties that are owned by the housing
He's been asked to lease authority.
one of the properties that
the housing authority
owns to a new tenant.
Does Dave need a real
estate license for this?
It's fine for a personal Is licensed
assistant to answer a
buyer's questions related
to contract terms if the
personal assistant ______.
