NC REAL ESTATE POST-LICENSING 303 EXAM WITH GUARANTEED ACCURATE ANSWERS
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Course
NC REAL ESTATE POST-LICENSING 303
Institution
NC REAL ESTATE POST-LICENSING 303
When is an active NC real estate license required? - Accurate AnswerWhen any person or entity is performing brokerage activities for consideration (payment) as an agent for others
What brokerage activities require a person or firm to have a NC real estate license? - Accurate AnswerListing, leasi...
NC REAL ESTATE POST-LICENSING 303
EXAM
NC REAL ESTATE POST-LICENSING 303 EXAM WITH GUARANTEED ACCURATE
ANSWERS
When is an active NC real estate license required? - Accurate Answer✅✅When
any person or entity is performing brokerage activities for consideration (payment)
as an agent for others
What brokerage activities require a person or firm to have a NC real estate license?
- Accurate Answer✅✅Listing, leasing, buying, exchanging, auctioning,
negotiating, referring, and selling. Also selling timeshares in advertising real
property property in any manner.
What activities do not require NC real estate license? - Accurate
Answer✅✅1.business entity, selling or leasing entity, owned property
2. attorney in fact
3. Court appointed
4. Trustee
, 5. W-2 employee of broker property management.
What is an example of permitted activities for an unlicensed assistant or inactive
licensee - Accurate Answer✅✅Clerical and administrative function, such as
scheduling appointments, computing commission checks for licenses receiving and
forwarding phone calls assisting with assembling documents for closing showing
properties for lease filling in the blank on standard forms under the direction of and
with information provided by a licensed broker
What are examples of activities that an unlicensed assistant cannot perform? -
Accurate Answer✅✅Conducting an open house. Writing or creating promotional
material, showing properties for sale. receiving compensation for referring a
customer to a real estate licensee, soliciting listings
What does a full broker need in order to affiliate with multiple firms? - Accurate
Answer✅✅Permission from BICs at both firms
What are the annual continuing education requirements? - Accurate
Answer✅✅For Provisional Brokers and Brokers: GENUP and 4-hour elective by
June 10; For BIC Eligible Brokers and Designated BICs: BICUP and 4-hour
elective by June 10.
What happens when a broker charges license is not renewed on time? - Accurate
Answer✅✅The firms license becomes inactive for brokers affiliated with the BIC
are still active, but at their home address and provisional brokers affiliated with the
BIC become inactive.
When is a newly licensed provisional broker required to complete their first annual
continuing education requirements? - Accurate Answer✅✅after their first license
renewal (before June 10 of the first full license year and before their second license
renewal)
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