NC POST – LICENSING 303 EXAM WITH
120+ (ACTUAL EXAM) QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2024 ALREADY GRADED A+
NC provision exists when a tenant who is a sole occupant dies,
the landlord may file an affidavit of possession with a proof of a
death certificate and regain possession to the premises. The
landlord must retain possession to the premises for how many
days? - ANSWERS-90 Days
What is a landlord? - ANSWERS-- Lessor of property
- Property manager
- Owner
- Agents who have apparent authority
"Power of attorney" exemption exists to allow: - ANSWERS-
Allow others to use a power of attorney for final consummation
in the performance of a contract.
,In NC, active RE license is required when: - ANSWERS-When
assisting another broker for compensation in the providing of
brokerage services.
When can an unlicensed person engage in real estate activity? -
ANSWERS-- Their own property
- Attorney in fact
- Attorney at law
- Court-ordered sales
- Trustees in foreclosure
- Housing authorities
In a corporation, who is exempt from licensure when handling
entity's own property? - ANSWERS-Officers, directors, and W2
employees.
In a LLC, who is exempt from licensure when handling entity's
own property? - ANSWERS-Managers and W2 employees.
,In a partnership, who is exempt from licensure when handling
entity's own property? - ANSWERS-General partners, and W2
employees.
Deadline for license renewal is midnight on? - ANSWERS-June
30 every year.
License renewal fee $ ? - ANSWERS-$45
Deadline for all CE completion is: - ANSWERS-June 10
Failure to renew license results in license being? - ANSWERS-
Expired
How many hours required for Post lisencing and when is the
deadline? - ANSWERS-90 hr post licensing, deadline is 18
months from date of licensure.
All licensees must complete ______ hours of CE per year. -
ANSWERS-8 Hours
, 8 Hrs CE breakdown. 4 hrs __________, 4 hrs___________. -
ANSWERS-4 Hrs in mandatory update course, 4 hrs of elective
credit.
CE deadline - ANSWERS-Midnight June 10 every year
CE requirement for provisional brokers starts? - ANSWERS-Prior
to 2nd renewal of the license.
Licensee must report all changes of address to real estate
commission within how many days? - ANSWERS-Within 10
days.
Licensee must report all of the following to the commission
within 60 days of the conviction, judgement, order, or
adjudication.. - ANSWERS-- Felony or misdemeanor convictions
- Disciplinary actions against other professional licenses
- Revocation or suspension of a notorial commission.
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