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NC Post Licensing 303 with complete verified solutions .
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NC Post Licensing 303 with complete verified solutions .
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NC Post Licensing 303 withcomplete verified solutions
2025-2026
Commercial purchase contract - answer vary widely, inspections or
due diligent are key, no standard contract
Commercial Due Diligence - answer Free look, no risk, determined
by buyer and seller
BPO-Broker Price Opinion Analysis - answer Contains a market
analysis and derives value from capitalization rates
Capitalization formula - answer I/R*V
Value=NOI/Rate
Potential Gross Income - answer Vacancy Collection losses
Additional income
Effective gross income - answer Operating expenses
Net operating income - answer Debt service(mortgage), Capital
expenditures reserves commissions
Ground Lease - answer Dirt owners dream, common arrangements,
costals, lake, reservations, hong kong is the world's largest
, Common Ground Lease Provision - answer Often Allowed
construction of a building typically in the lease get to deduct rent as
business expenses
Full-Service Lease - answer Lease includes services, base rent +
prorated expenses + utilities & services, lessor pays expenses, but
they are shared among tenants, rent is usually higher than other
leases, CAMs
CAMs - answer Common area maintenance charges shared by all
tenants
Landlord - answer Lessor of the property; agents that have actual
or apparent authority over the property
Smoke & Carbon Monoxide Detectors - answer Smoke Mandatory,
Carbon attached garage and fossil fuel appliances, landlord must
install 10yr lithium batteries or hard wire; tenant replace batteries
during the lease
Constructive Eviction - answer Landlord Breach-Failure to maintain;
Heath & safety. Tenant must move and relinquish possession.
Actual Eviction - answer Tenant Breach-Breach of lease; usually
failure to pay rent. Landlord must file a summary ejectment.
Magistrate Handle Evictions - answer Right to hearing in 7 days,
decision on day of hearing, writ issued within 5 days of hearing,
summary ejectment proceeding
Tenant Security Deposit Act - answer Trust acct or bond;
Wkly-2 weeks;mthly-1 1/2 mths; longer-2 mths
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