303 nc post Study guides, Class notes & Summaries

303 NC POST LICENSING EXAM NEWEST 2024 ACTUAL EXAM//NC Post-Licensing 303 In NC, active RE license is required when: - CORRECT ANSWWhen assisting another broker for compensation in the providing of brokerage services. When can an unlicensed person engage in real estate activity? - CORRECT ANSW-- Their own property - Attorney in fact - Attorney at law - Court-ordered sales - Trustees in foreclosure - Housing authorities "Power of attorney" exemption exists to allow: - CORRE...

303 NC POST LICENSING EXAM NEWEST 2024 ACTUAL EXAM//NC Post-Licensing 303 In NC, active RE license is required when: - CORRECT ANSWWhen assisting another broker for compensation in the providing of brokerage services. When can an unlicensed person engage in real estate activity? - CORRECT ANSW-- Their own property - Attorney in fact - Attorney at law - Court-ordered sales - Trustees in foreclosure - Housing authorities "Power of attorney" exemption exists to allow: - CORRE...

303 NC POST LICENSING EXAM NEWEST 2024 ACTUAL EXAM//NC Post-Licensing 303 In NC, active RE license is required when: - CORRECT ANSWWhen assisting another broker for compensation in the providing of brokerage services. When can an unlicensed person engage in real estate activity? - CORRECT ANSW-- Their own property - Attorney in fact - Attorney at law - Court-ordered sales - Trustees in foreclosure - Housing authorities "Power of attorney" exemption exists to allow: - CORRE...

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 ...

NC POST LICENCING 303 EXAM 2024 ACTUAL CORRECT QUESTIONS WITH VERIFIED ANSWERS GRADE A GUARANTEE PASS

NC POST 303 QUESTIONS AND ANSWERS 100% PASS What must a broker do if they discover a mistake in a property deed? Notify the client and recommend correcting the error through legal means. What is required for a broker to represent both the buyer and the seller in a transaction? Obtain written consent from both parties and disclose the dual agency relationship. What should a broker include in a rental agreement for residential properties? Terms of the lease, rent amount, duration, ...

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 License 303 Selected Topics Questions and Answers 100% Pass What is the purpose of a rental application? To gather information about a prospective tenant’s background, including credit history and rental history What does the term “property tax lien” refer to? A legal claim against a property for unpaid property taxes What should a real estate agent do if they suspect fraud in a transaction? Report the suspicion to the appropriate authorities and follow legal and e...

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 EXAM WITH 120+ (ACTUAL EXAM) QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST 2024 ALREADY GRADED A+