Latest NC Post-Licensing 303 exam questions with answers 2024
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Course
NC Post Licensing 303
Institution
NC Post Licensing 303
Latest NC Post-Licensing 303 exam questions with answers 2024
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 reaso...
Latest NC Post-Licensing 303 exam questions
with answers 2024
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? Correct Answer: HUD will issue a
charge of discrimination and will notify Mary, the complainant, of its determination.
Randall's clients, Carma and Trent, are looking for a mountain cabin. They tell Randall
they'll pay him a $2,000 finder's fee if he finds the cabin that checks all of their boxes,
and they close on it. Randall finds a likely candidate that's an FSBO, and negotiations
begin. What circumstance is required for Randall to receive the finder's fee? Correct
Answer: Carma and Trent must pay the finder's fee to Randall's broker
Which of the following would NOT be considered a violation of license law? Correct
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? Correct
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 ______. Correct Answer: Eviction
What does "No Representation" mean on a North Carolina property disclosure form?
Correct 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. "I wasn't involved in any
development when I dumped the dirt there." Was his dumping a legal act? Correct
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? Correct 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?
Correct 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. Correct
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? Correct Answer: simon must be supervised by a broker-in-
charge to maintain an active license.
-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.
How can North Carolina landlords remove tenants who engage in illegal activities like
drug manufacturing on the premises? Correct Answer: Send the tenant a notice of
immediate lease termination
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