NC POST LICENCING 303 EXAM 2024 ACTUAL
CORRECT QUESTIONS WITH VERIFIED ANSWERS
GRADE A GUARANTEE PASS
Mary, a woman of color, has filed a fair
housing 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? - ....ANSWER >>>>HUD will issue a
charge of discrimination and will notify Mary,
the complainant, of its determination.
How can North Carolina landlords remove
tenants who engage in illegal activities like
drug manufacturing on the premises? -
....ANSWER >>>>Send the tenant a notice of
immediate lease termination
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Which aspect of highest and best use is
concerned with land use restrictions and
zoning? - ....ANSWER >>>>Is it legally
allowable or permissible?
In North Carolina, the Vacation Rental Act
provides what kind of exception regarding
compensation for real estate brokerage
activities? - ....ANSWER >>>>Under this act, a
travel agent who does not hold an active real
estate license may accept a referral fee for
referring a tenant to a broker for a vacation
rental if certain provisions are met.
Tenant A is leasing commercial property
from the landlord. Tenant A then sublets to
Tenant B. Which of the following parties have
a sandwich lease? - ....ANSWER >>>>The
original tenant and the landlord
Mike relocated for work and learned that the
region in which he planned to buy a home
had many old underground mines. In fact,
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Mike might even need to purchase mine
subsidence insurance. What might a home
inspector flag for Mike if there are any
concerns about undermining? - ....ANSWER
>>>>A sinkhole on the property
An underground storage tank has been in
place for 15 years. What is its remaining
useful life, on average? - ....ANSWER
>>>>Zero years
Which of the following is 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? - ....ANSWER
>>>>Wetland
Before becoming a broker-in-charge, a
North Carolina broker must first apply for
_______ with the NCREC. - ....ANSWER
>>>>Eligibility
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Dave is an employee of a housing authority in
his North Carolina county. He's been asked to
lease one of the properties that the housing
authority owns to a new tenant. Does Dave
need a real estate license for this? -
....ANSWER >>>>No. Dave qualifies for the
housing authority exemption wherein an
employee is permitted to sell or lease
properties that are owned by the housing
authority.
It's fine for a personal assistant to ANSWER
a buyer's questions related to contract terms
if the personal assistant ______. - ....ANSWER
>>>>Is licensed
Which of the following is NOT a measure a
developer must take to prevent
sedimentation? - ....ANSWER >>>>Deep
rooting trees along shoreline
Randall's clients, Carma and Trent, are
looking for a mountain cabin. They tell
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