NC POST LICENSING 303 PRACTICE EXAM
2026 QUESTIONS AND ANSWERS 100%
PASS
⩥ Unlicensed assistants MAY NOT. Answer: -Negotiate mgmt contracts
-Prepare advertisements
-Negotiate amounts of money
-Determine deductions from deposits
⩥ Unlicensed assistants MAY. Answer: -Accept applications
-Complete & execute preprinted leases
-Accept deposits & payments for delivery to BIC
-Show properties & rental units
-Place for rent signs
⩥ Full broker who is NOT a BIC can affiliate with a BIC/Firm & can
activate as a Sole Proprietor but CANNOT. Answer: -Maintain a trust
account
-Supervise other licensees
-Offer services or advertise
, ⩥ BIC & BIC eligible status is maintained by. Answer: -Renewing
License by June 30
-Taking BICUP & elective by June 10
⩥ BIC supervising responsibilities are. Answer: -Firm name on all ads
-No blind ads
-Permission for all signs
-Keep copies
⩥ Sole proprietor. Answer: Is not an entity & no firm license is needed
⩥ Non-resident limited commercial broker's license. Answer: Must
affiliate with NC broker and have co-op agreement
⩥ Current & active license is. Answer: Valid if renewed by June 30
⩥ Duties & obligations of qualifying broker. Answer: Notify
commission of any assumed name adopted by firm
⩥ A provisional broker. Answer: CANNOT be dual affiliated
⩥ You must have active license at the time the commission or referral
fee is. Answer: Earned
2026 QUESTIONS AND ANSWERS 100%
PASS
⩥ Unlicensed assistants MAY NOT. Answer: -Negotiate mgmt contracts
-Prepare advertisements
-Negotiate amounts of money
-Determine deductions from deposits
⩥ Unlicensed assistants MAY. Answer: -Accept applications
-Complete & execute preprinted leases
-Accept deposits & payments for delivery to BIC
-Show properties & rental units
-Place for rent signs
⩥ Full broker who is NOT a BIC can affiliate with a BIC/Firm & can
activate as a Sole Proprietor but CANNOT. Answer: -Maintain a trust
account
-Supervise other licensees
-Offer services or advertise
, ⩥ BIC & BIC eligible status is maintained by. Answer: -Renewing
License by June 30
-Taking BICUP & elective by June 10
⩥ BIC supervising responsibilities are. Answer: -Firm name on all ads
-No blind ads
-Permission for all signs
-Keep copies
⩥ Sole proprietor. Answer: Is not an entity & no firm license is needed
⩥ Non-resident limited commercial broker's license. Answer: Must
affiliate with NC broker and have co-op agreement
⩥ Current & active license is. Answer: Valid if renewed by June 30
⩥ Duties & obligations of qualifying broker. Answer: Notify
commission of any assumed name adopted by firm
⩥ A provisional broker. Answer: CANNOT be dual affiliated
⩥ You must have active license at the time the commission or referral
fee is. Answer: Earned
