303 nc licensing Study guides, Class notes & Summaries

NC POST LICENSING 303 AND 302 LATEST EXAM VERSION CONTRACTS AND CLOSING NEWEST 2024 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A

NC Post Licensing – 303 Questions and Answers Already Passed What is the purpose of an agency disclosure form? To inform clients about the nature of the agency relationship and the duties owed How should a real estate professional handle a situation where they represent both the buyer and the seller in the same transaction? Disclose dual agency to both parties and obtain their written consent What is required for a real estate contract to be legally binding? It must be in ...

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303 NC POST LICENSING EXAM ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (ALREADY GRADED A+) | LATEST EDITION 2024 (JUST RELEASED)

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Post Licensing 303 - NC Law, Rules, and Legal Concepts Questions with Complete and Verified Solutions A real estate investor is considering purchasing a residential property in a neighborhood that has seen significant growth in recent years. The property is listed at a price that is higher than comparable properties in the area. The property requires some minor repairs, and the investor is unsure if the price justifies the potential return on investment. Deal or No Deal: Deal T...

NC Post Licensing 303 Questions and Answers Already Passed What is a rent roll in property management? A detailed report of all rental income and tenant information for a property. What are common responsibilities of a property manager regarding tenant screening? Conduct background checks, verify income, and assess creditworthiness of prospective tenants. What is an operating budget for a property? A financial plan that outlines expected income and expenses for the property's...

NC Post Licensing 303 Questions and Answers Already Passed What must a broker do if they are changing their office location? Notify the North Carolina Real Estate Commission of the new address. What is the minimum time period for which a broker must retain copies of transaction records? Three years. How should a broker handle earnest money deposits in North Carolina? Deposit them into a trust or escrow account as soon as possible. What should a broker-in-charge do if they su...

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