NC 302 POST LICENSING EXAM
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||ALREADY GRADED
A+||UPDATED 2026/2027
SYLLABUS||<<NEWEST VERSION>>
Trust Accounts Monies - ANSWER ✓ Insert from page 44 in booklet from
A.0116
Appropriate Signatures - ANSWER ✓ -All Co-Owners must sign the contract **
(if the co-owner didn't sign the listing agreement, you don't have a listing
agreement either)
- Identify people by their full legal names
- Must use the full legal name of all entities
Names NOT to use in the Contract - ANSWER ✓ - "Owner of Record"
- Nicknames
- Combined Mr. & Mrs.
Marital Life Estates - ANSWER ✓ Spousal signatures are required on all sales
contracts, even with ownership severalty
Buyer options in the event of non-signature
- Contract rescission
- Specific performance
Single Lady buys the property and then gets married. When she sells the property
10 years later, who signs the deed, listing agreement, contract, etc.? - ANSWER ✓
Both the lady and her husband
One to Buy - Two to sell - ANSWER ✓ Because NC is a marital interest state,
when a married couple is conveying property, it requires:
,- Both spousal signatures are required to sell
When one spouse is buying - ANSWER ✓ spousal signature not necessary on the
OTPC
However, lenders will require signature acknowledging deed of trust
Legal counsel may recommend a "Free Trader Agreement" be signed if we're
getting separated and/or divorced
NC Free Trader Agreement - ANSWER ✓ NC Document allowing married
people to purchase and sell property separately
Eliminates marital claims by the other house
Generally used by people in legal separation, but not yet divorced
Undisclosed Buyer Principals - ANSWER ✓ Some corporate buyers wish to
remain anonymous
agent may sign as agent for undisclosed principal (with authority)
Create ADDITIONAL liability issues
Not permitted in dual agency
Utilizing Power of Attorney Forms - ANSWER ✓ Signor is an "attorney-in-fact"
***
- I am the advocate for this party (factually, I'm the same as that party)
Usually special "Power of attorney" form is required
Used for inability, not incapacity***
Electronically submitted offers (UETA) - electronic signatures - ANSWER ✓
authorized by uniform electronic transactions act (UETA)
Communication of the acceptance is binding
, Communication to the agent is communication to the "party"
Electronic Signatures vs. Digital Signatures - ANSWER ✓ Electronic:
- Minimum legal requirements
- Uncoded image
- Signature could be lost if change in vendor
Digital [SUPERIOR]:
- Uniform standards
- Accepted internationally
- Secure coding
- Confidence
E-Sign Act - ANSWER ✓ June 30, 2000
Electronic signature in gloabl and national commerce act
Interstate & foreign commerce
UETA (NC version of e-sign act) - ANSWER ✓ October 1, 2000 NC
Uniform Electronic transactions act
intrastate commerce
Signature - ANSWER ✓ Sound, symbol or process
attached to a document
with intent
Electronic record is any record that is - ANSWER ✓ created, generated, sent,
received, stored in an electronic format
Electronic signature Used in a consumer transaction - ANSWER ✓ involving a
natural person
personal household or family purposes
as opposed to business transactions between entities and companies
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||ALREADY GRADED
A+||UPDATED 2026/2027
SYLLABUS||<<NEWEST VERSION>>
Trust Accounts Monies - ANSWER ✓ Insert from page 44 in booklet from
A.0116
Appropriate Signatures - ANSWER ✓ -All Co-Owners must sign the contract **
(if the co-owner didn't sign the listing agreement, you don't have a listing
agreement either)
- Identify people by their full legal names
- Must use the full legal name of all entities
Names NOT to use in the Contract - ANSWER ✓ - "Owner of Record"
- Nicknames
- Combined Mr. & Mrs.
Marital Life Estates - ANSWER ✓ Spousal signatures are required on all sales
contracts, even with ownership severalty
Buyer options in the event of non-signature
- Contract rescission
- Specific performance
Single Lady buys the property and then gets married. When she sells the property
10 years later, who signs the deed, listing agreement, contract, etc.? - ANSWER ✓
Both the lady and her husband
One to Buy - Two to sell - ANSWER ✓ Because NC is a marital interest state,
when a married couple is conveying property, it requires:
,- Both spousal signatures are required to sell
When one spouse is buying - ANSWER ✓ spousal signature not necessary on the
OTPC
However, lenders will require signature acknowledging deed of trust
Legal counsel may recommend a "Free Trader Agreement" be signed if we're
getting separated and/or divorced
NC Free Trader Agreement - ANSWER ✓ NC Document allowing married
people to purchase and sell property separately
Eliminates marital claims by the other house
Generally used by people in legal separation, but not yet divorced
Undisclosed Buyer Principals - ANSWER ✓ Some corporate buyers wish to
remain anonymous
agent may sign as agent for undisclosed principal (with authority)
Create ADDITIONAL liability issues
Not permitted in dual agency
Utilizing Power of Attorney Forms - ANSWER ✓ Signor is an "attorney-in-fact"
***
- I am the advocate for this party (factually, I'm the same as that party)
Usually special "Power of attorney" form is required
Used for inability, not incapacity***
Electronically submitted offers (UETA) - electronic signatures - ANSWER ✓
authorized by uniform electronic transactions act (UETA)
Communication of the acceptance is binding
, Communication to the agent is communication to the "party"
Electronic Signatures vs. Digital Signatures - ANSWER ✓ Electronic:
- Minimum legal requirements
- Uncoded image
- Signature could be lost if change in vendor
Digital [SUPERIOR]:
- Uniform standards
- Accepted internationally
- Secure coding
- Confidence
E-Sign Act - ANSWER ✓ June 30, 2000
Electronic signature in gloabl and national commerce act
Interstate & foreign commerce
UETA (NC version of e-sign act) - ANSWER ✓ October 1, 2000 NC
Uniform Electronic transactions act
intrastate commerce
Signature - ANSWER ✓ Sound, symbol or process
attached to a document
with intent
Electronic record is any record that is - ANSWER ✓ created, generated, sent,
received, stored in an electronic format
Electronic signature Used in a consumer transaction - ANSWER ✓ involving a
natural person
personal household or family purposes
as opposed to business transactions between entities and companies
