POST LICENSE 303--NC LAW, RULES AND LEGAL CONCEPTS
POST LICENSE 303--NC LAW, RULES AND LEGAL CONCEPTS
Exam (elaborations)
POST LICENSE 303--NC LAW, RULES AND LEGAL CONCEPTS EXAM |ACCURATE ANSWERS
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POST LICENSE 303--NC LAW, RULES AND LEGAL CONCEPTS
Institution
POST LICENSE 303--NC LAW, RULES AND LEGAL CONCEPTS
Absorption Study - ACCURATE ANSWERS How much space is used for the number of sales in a given period of time
Terms associated with commercial office space - ACCURATE ANSWERS Floor plate, core area, usable area and rentable area
Residential Rental Agreement Act responsibilities - ACCURATE ANSW...
POST LICENSE 303--NC LAW,
RULES AND LEGAL CONCEPTS
POST LICENSE 303--NC LAW, RULES AND LEGAL CONCEPTS EXAM |ACCURATE
ANSWERS
Absorption Study - ACCURATE ANSWERS✔✔ How much space is
used for the number of sales in a given period of time
Terms associated with commercial office space - ACCURATE
ANSWERS✔✔ Floor plate, core area, usable area and rentable area
Residential Rental Agreement Act responsibilities - ACCURATE
ANSWERS✔✔ 1-Property must be habitable at the time of possession
2-Habitability cannot be waived by the lease agreement
3-tenant cannot withhold rent even if the property is not habitable
, 4-At the beginning of the tenancy, landlord to replace the batteries in the
smoke detector and carbon monoxide detector
Broker-in-Charge duties - ACCURATE ANSWERS✔✔ 1-Retain all ads
used to market listings
2-Supervise PBs
3-Make sure all brokers get required CE and annually renew license
4-Keep trust account records
Permitted assistant duties - ACCURATE ANSWERS✔✔ 1-Show rental
units
2-Fill in blanks on rental agreement
3-Collect and deposit monies
4-Keep books and records
Forbidden assistant duties - ACCURATE ANSWERS✔✔ 1-Show
listings
2-Conduct open houses
3-Write ads for listings
4-Negotiate rent amounts or lease terms
What happens if a Provisional Broker does not fulfill their required 90
hours of post licensing in 3 years - ACCURATE ANSWERS✔✔ Status
changes to inactive
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