Nc post licensing 303 - 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...

NC POST-LICENSING 303 EXAM NEWEST ACTUAL EXAM COMPLETE ACCURATE QUESTIONS AND DETAILED VERIFIED ANSWERS GRADED A+ | 100% VERIFIED | 2024 UPDATE!!!

POST LICENSING 303 - NC LAW, RULES, AND LEGAL CONCEPTS

Commercial purchase contract - vary widely, inspections or due diligent are key, no standard contract Commercial Due Diligence - Free look, no risk, determined by buyer and seller BPO-Broker Price Opinion Analysis - Contains a market analysis and derives value from capitalization rates Capitalization formula - I/R*V Value=NOI/Rate Potential Gross Income - Vacancy Collection losses Additional income Effective gross income - Operating expenses Net operating income - Debt servic...

303 Nc Post Licensing Exam 2024 With Questions And Correct Answers 303 Nc Post Licensing Exam 2024 With Questions And Correct Answers 303 Nc Post Licensing Exam 2024 With Questions And Correct Answers

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 ...

Active & current real estate license - ANSWERSRequired when assisting another for compensation in providing brokerage services. Unlicensed assistants MAY NOT - ANSWERS-Negotiate mgmt contracts -Prepare advertisements -Negotiate amounts of money -Determine deductions from deposits Unlicensed assistants MAY - ANSWERS-Accept applications -Complete & execute preprinted leases -Accept deposits & payments for delivery to BIC -Show properties & rental units -Place for rent signs Full b...

NC POST-LICENSING 303 QUESTIONS AND ANSWERS

Post Licensing 303 - NC Law, Rules, and Legal Concepts -exam questions with correct answers

Post Licensing 303 - NC Law, Rules, and Legal Concepts with complete verified solutions .