- Study guides, Class notes & Summaries

1COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED NC Post Licensing – 303 Exam Questions and Answers 100% Pass A Licensee may not earn compensation when there license - VIP - is INACTIVE or EXPIRED A Licensee can receive compensation that was earned WHEN - VIPterm-0 - the license was current and active even if inactive of expired after A BIC may NOT pay a licensee's ENTITY - unless the entity has a firm license. A Licensee can share commission with parties BUT - 1) Must be i...

NC 302 Post Licensing Exam Questions and Answers 100% Pass Classifying contracts: Express & Implied - Express: Bilateral, executed Intentions stated (orally or written) Implied: Unilateral, executory Inferred from conduct or actions Classifying contracts: Bilateral & Unilateral - Bilateral - two promises (both parties bound to do something) Unilateral - Only one party is bound Classifying Contracts: Executed & Executory - Executed - All tasks performed (After closing) Executory - ta...

NC Post-Licensing 302 - Unit Test Questions with Correct Answers 100% Pass In a real estate transaction, which of the following is an example of consideration? - The seller's promise to sell Your automatic check writer wrote a check for $51.50, but your printer ran out of toner, so you had to fill in the handwritten line. In a hurry, you accidentally wrote, "Fifty-one dollars and no/100 cents." Which amount takes priority? - The handwritten number Morgan has agreed to sell his ho...

NC Post-Licensing Section 302 Exam Questions and Answers 100% Pass Uniform Electronic Transactions Act (UETA) - (NC) UETA: Legislation validates electronic contracts / other documents / and signatures. Provides that they will not be denied validity & enforce-ability solely b/c they are in electronic form. (Federal) E-Sign: Validates electronic contracts & signatures in transactions & provides they will not be denied validity & enforce-ability solely b/c they are in electronic form. Offer ...

Post licensing 301 NC study questions with Correct Answers 100% Pass When must a seller's agent or subagent initially disclose agency status to a buyer? - before buyer and buyer's agent discuss motivation and financial information seller's subagent - no written or oral buyer agency OLDCAR - obedience loyalty disclosure confidentiality accounting reasonable care In dual agency, the agent's duties are _____ to being a facilitator - reduced What statement would require full ...

NC License Test Questions and Answers 100% Pass A driver license is required for which of the following? I. Sitting in the driver's seat of a car while the engine is running. II. Steering a car while it is being pushed or towed by another vehicle - Both I & II If you refuse a legal chemical test issued by a law enforcement officer, the Division of Motor Vehicles is required to... - Revoke your driver license for at least 12 months Which of the following happen(s) under the point system...