303 NC POST LICENSING EXAM NEWEST 2024 ACTUAL EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A
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303 NC POST LICENSING EXAM NEWEST 2024 ACTUAL EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A
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303 NC POST LICENSING EXAM NEWEST 2024
ACTUAL EXAM 250 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A
Which of the following would NOT be considered a violation of license
law? - ANSWER- A timeshare salesperson who also has a legal license
performing legal services
Which of the following best describes a tenant's right to quiet
enjoyment? - ANSWER- A tenant has the right to enjoy lawful use of
the property without being dispossessed or trespassed upon, even by the
landlord.
Ricky Nubbins is three months behind in his rent and has received
several reminders from the landlord that the rent is past due. As a result,
the landlord has begun working through proper channels to legally end
Ricky's lease before the contract end date. The landlord is terminating
his lease through ______. - ANSWER- Eviction
What does "No Representation" mean on a North Carolina property
disclosure form? - ANSWER- The seller is choosing not to disclose
certain information.
Devin, a homebuilder, was caught dumping a load of rubble in an area
designated as wetlands. "But I wasn't building anything," he explained.
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"I wasn't involved in any development when I dumped the dirt there."
Was his dumping a legal act? - ANSWER- No, because dumping
material in a wetland is one of the activities that isn't allowed without a
permit.
In order for North Carolina broker Meredith to accept compensation
from a home inspector for referring a client, what must she disclose to
the relevant transaction parties? - ANSWER- The name of the inspection
company and the type and amount of the compensation
If a real estate agent realizes that the seller or landlord intends to
discriminate against a member of a protected class, which of the
following is NOT a best practice response? - ANSWER- The agent
doesn't need to do anything because the agent hasn't committed any
discriminatory acts, and the client hasn't actually discriminated yet.
A(n) ______ policy typically only covers the condominium buildings'
structure and the common areas. This type of policy often does not cover
the inside of the unit. - ANSWER- Master insurance
-the condominium owners' association master insurance policy typically
only covers the condominium buildings and the common areas. This
type of policy often does not cover the inside of the unit.
Simon is a non-provisional broker in North Carolina. Which of the
following is not necessarily true for Simon? - ANSWER- simon must be
supervised by a broker-in-charge to maintain an active license.
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-As a fully licensed, non-provisional broker in North Carolina, Simon
will have completed 90 hours of post-licensing education, and all
licensees must complete eight hours of CE and renew their licenses
yearly. However, only provisional brokers must be supervised by a
broker-in-charge, and while Simon can choose to do so, it's not true that
he MUST be supervised.
Reese is a Virginia licensee with a North Carolina limited nonresidential
commercial license. She's affiliated with North Carolina resident broker
Nicky for a commercial real estate transaction. Whose job is it to handle
any trust funds relating to the transaction? - ANSWER- Nicky is
responsible for handling the trust funds as she would with trust funds in
any other North Carolina transaction.
Condominiums built during or after 1987 are regulated by ______. -
ANSWER- The North Carolina Condominium Act
Which one of the following people would be exempt from the real estate
licensure requirement in North Carolina? - ANSWER- An attorney
who's selling a property for a client, for compensation, using a power of
attorney
Which of the following statements about transaction records retention in
North Carolina is true? - ANSWER- Records for all transactions,
including offers and marketing records, must be retained for three years.
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Cory is a non-provisional broker in North Carolina. In order for him to
receive compensation, he's required to complete ______ hours of
continuing education every year - ANSWER- Eight
Which of the following have studies shown to reduce access to
employment opportunities? - ANSWER- Housing discrimination
North Carolina broker Timothy's buyer client just signed an offer for her
potential dream house. How long does Timothy have to get the offer
delivered to the seller and his listing agent? - ANSWER- Three days
Which of the following defines a subdivision? - ANSWER- A tract of
land divided into lots or plots and used for building purposes
A certified septic inspector looks at the septic tank, the distribution box,
and the _______ for code compliance. - ANSWER- Absorption field
North Carolina broker Karyn has accepted compensation from a vendor
for recommending its services to a client. Under what circumstances
would Karyn NOT be required to disclose her acceptance? - ANSWERIf what Karyn accepted is a token of insignificant or symbolic worth, she
needn't disclose it to anyone.
Which of the following terms refers to the relationship between the
landlord and the tenant in which both parties have obligations to one
another? - ANSWER- Mutuality of obligations
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