NC Post Licensing 302 Elite Prep Guide 4.pdf – Elite-level study guide with comprehensive review material, detailed answers, and practical exercises tailored for NC Post Licensing 302 success.

NC Post Licensing 302 Elite Prep Guide:
Detailed Answer Key, Scenario-Based
Practice Questions & Exam Review Toolkit
Topic 4: License Law, Agency, Broker Duties,
and Ethics.
Q1. Who must be licensed as a real estate broker in North Carolina?
A) Anyone who sells their own property.
B) Anyone who, for compensation or valuable consideration, lists, sells, purchases, exchanges,
rents, or leases real estate for another.
C) Attorneys handling real estate closings.
D) Property managers of their own buildings.

✔ Correct Answer: B
NC G.S. 93A defines real estate brokerage activities requiring a license. Owners selling their own
property, attorneys (not acting as brokers), and owners managing their own property are
exempt.



Q2. What is the minimum age to obtain a real estate broker license in NC?
A) 16 years old
B) 18 years old
C) 21 years old
D) No minimum age

✔ Correct Answer: B
Applicants must be at least 18 years old to be licensed as a real estate broker in North Carolina.



Q3. What level of education is required to obtain a NC real estate broker license?
A) High school diploma or equivalent (GED)
B) Associate's degree
C) Bachelor's degree
D) No education requirement

,✔ Correct Answer: A
Applicants must have a high school diploma or GED equivalent.



Q4. How many hours of prelicensing education are required for a NC provisional broker license?
A) 30 hours
B) 60 hours
C) 75 hours
D) 120 hours

✔ Correct Answer: C
North Carolina requires 75 hours of approved prelicensing education.



Q5. After obtaining a provisional broker license, how many hours of post-licensing education are
required?
A) 30 hours within 18 months
B) 90 hours (3 courses of 30 hours each) within 18 months
C) No post-licensing education
D) 75 hours within 1 year

✔ Correct Answer: B
*Provisional brokers must complete 90 hours of post-licensing education (Courses 301, 302,
303) within 18 months of licensure.*



Q6. What happens if a provisional broker fails to complete post-licensing education within 18
months?
A) The license is automatically renewed.
B) The license becomes inactive and may be revoked.
C) A fine is imposed but the license remains active.
D) The broker must take the prelicensing course again.

✔ Correct Answer: B
Failure to complete post-licensing education on time results in license inactivation and potential
revocation.

, Q7. How many hours of continuing education (CE) are required annually for a NC real estate
broker (non-provisional)?
A) 4 hours
B) 6 hours
C) 8 hours
D) 12 hours

✔ Correct Answer: C
*Brokers (non-provisional) must complete 8 hours of continuing education each license year,
including the mandatory 4-hour Update course.*



Q8. When does the NC real estate license year run?
A) January 1 – December 31
B) July 1 – June 30
C) October 1 – September 30
D) April 1 – March 31

✔ Correct Answer: B
The license year runs from July 1 to June 30.



Q9. Who is the "Broker-in-Charge" (BIC)?
A) Any licensed broker in an office.
B) The broker designated by a firm to supervise all brokers in that office.
C) The listing agent.
D) The buyer's agent.

✔ Correct Answer: B
Every real estate office must designate a Broker-in-Charge who is responsible for supervision of
all brokers in that office.



Q10. What additional qualification is required to be a Broker-in-Charge in NC?
A) Any licensed broker can be BIC.
B) 2 years of full-time brokerage experience within the past 5 years and completion of BIC
course.
C) 5 years of experience.
D) A college degree.