nc 302 post licensing contracts&closing nc
post licensing 302 jj (actual
exam)questions,answers 2024 – 2025
NC 302 Postlicensing Contracts & Closings Pg. 216
Working with Addenda
Due Diligence Request & Agreement Form 310-T
1 What is the purpose of this form? - ANSWERS-Parties have agreed to change
due dillegence modifications, repairs, then agreement letter becomes part of the
contract
NC 302 Postlicensing Contracts & Closings Pg. 216
Working with Addenda
Due Diligence Request & Agreement Form 310-T
2 When should this form be completed? - ANSWERS-
NC 302 Postlicensing Contracts & Closings Pg. 198
Working with Addenda
,Due Diligence Request & Agreement Form 310-T
1 What is the purpose of this form? - ANSWERS-
Offer to Purchase and Contract IS THE ONLY CONTRACT THAT IS GOING TO BE ON
THE EXAM - ANSWERS-
NC 302 Postlicensing Contracts & Closings Pg. 224
Integrating the Contractual Handling of Money with Commission Rules
11 Licensees are not permitted to courier or deliver funds relating to any of the
following:
Settlement distribution other than to them or their firm
NC 302 Postlicensing Contracts & Closings Pg. 224
Integrating the Contractual Handling of Money with Commission Rules
14 Licensees are not permitted to courier or deliver funds relating to any of the
following:
A)
D) Settlement distribution other than to them or their firm - ANSWERS-D)
Settlement distribution other than to them or their firm
NC 302 Postlicensing Contracts & Closings Pg. 224
Integrating the Contractual Handling of Money with Commission Rules
1 There is no law requiring a residential brokerage to maintain a trust account.
A trust account is only required when a brokerage is holding money - ANSWERS-
Money belonging to another
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