NC Post-Licensing 303 Exam
Questions with Correct Answers
Questions & Answers | 100%
Verified solutions |Questions
with Correct Answers 2026
latest update!!
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? - 🧠 ANSWER ✔✔HUD will issue a charge of
discrimination and will notify Mary, the complainant, of its determination.
How can North Carolina landlords remove tenants who engage in illegal
activities like drug manufacturing on the premises? - 🧠 ANSWER ✔✔Send
the tenant a notice of immediate lease termination
Which aspect of highest and best use is concerned with land use
restrictions and zoning? - 🧠 ANSWER ✔✔Is it legally allowable or
permissible?
In North Carolina, the Vacation Rental Act provides what kind of exception
regarding compensation for real estate brokerage activities? - 🧠 ANSWER
✔✔Under this act, a travel agent who does not hold an active real estate
license may accept a referral fee for referring a tenant to a broker for a
vacation rental if certain provisions are met.
Tenant A is leasing commercial property from the landlord. Tenant A then
sublets to Tenant B. Which of the following parties have a sandwich lease?
- 🧠 ANSWER ✔✔The original tenant and the landlord
Mike relocated for work and learned that the region in which he planned to
buy a home had many old underground mines. In fact, Mike might even
, need to purchase mine subsidence insurance. What might a home
inspector flag for Mike if there are any concerns about undermining? - 🧠
ANSWER ✔✔A sinkhole on the property
An underground storage tank has been in place for 15 years. What is its
remaining useful life, on average? - 🧠 ANSWER ✔✔Zero years
Which of the following is described as an area that is protected by the
Clean Water Act where standing water that supports aquatic plants and
animals is located and groundwater is filtered? - 🧠 ANSWER ✔✔Wetland
Before becoming a broker-in-charge, a North Carolina broker must first
apply for _______ with the NCREC. - 🧠 ANSWER ✔✔Eligibility
Dave is an employee of a housing authority in his North Carolina county.
He's been asked to lease one of the properties that the housing authority
owns to a new tenant. Does Dave need a real estate license for this? - 🧠
ANSWER ✔✔No. Dave qualifies for the housing authority exemption
wherein an employee is permitted to sell or lease properties that are owned
by the housing authority.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Questions with Correct Answers
Questions & Answers | 100%
Verified solutions |Questions
with Correct Answers 2026
latest update!!
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? - 🧠 ANSWER ✔✔HUD will issue a charge of
discrimination and will notify Mary, the complainant, of its determination.
How can North Carolina landlords remove tenants who engage in illegal
activities like drug manufacturing on the premises? - 🧠 ANSWER ✔✔Send
the tenant a notice of immediate lease termination
Which aspect of highest and best use is concerned with land use
restrictions and zoning? - 🧠 ANSWER ✔✔Is it legally allowable or
permissible?
In North Carolina, the Vacation Rental Act provides what kind of exception
regarding compensation for real estate brokerage activities? - 🧠 ANSWER
✔✔Under this act, a travel agent who does not hold an active real estate
license may accept a referral fee for referring a tenant to a broker for a
vacation rental if certain provisions are met.
Tenant A is leasing commercial property from the landlord. Tenant A then
sublets to Tenant B. Which of the following parties have a sandwich lease?
- 🧠 ANSWER ✔✔The original tenant and the landlord
Mike relocated for work and learned that the region in which he planned to
buy a home had many old underground mines. In fact, Mike might even
, need to purchase mine subsidence insurance. What might a home
inspector flag for Mike if there are any concerns about undermining? - 🧠
ANSWER ✔✔A sinkhole on the property
An underground storage tank has been in place for 15 years. What is its
remaining useful life, on average? - 🧠 ANSWER ✔✔Zero years
Which of the following is described as an area that is protected by the
Clean Water Act where standing water that supports aquatic plants and
animals is located and groundwater is filtered? - 🧠 ANSWER ✔✔Wetland
Before becoming a broker-in-charge, a North Carolina broker must first
apply for _______ with the NCREC. - 🧠 ANSWER ✔✔Eligibility
Dave is an employee of a housing authority in his North Carolina county.
He's been asked to lease one of the properties that the housing authority
owns to a new tenant. Does Dave need a real estate license for this? - 🧠
ANSWER ✔✔No. Dave qualifies for the housing authority exemption
wherein an employee is permitted to sell or lease properties that are owned
by the housing authority.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
