303 NC POST LICENSING EXAM QUESTIONS
AND CORRECT ANSWERS | LATEST EDITION
2025|GUARANDTEED PASSS!!
Net lease with Base Years Stop (BYS) - CORRECT-ANSWER-Means the
owner pays on the pass through provisions the first year and the tenant
pays in the subsequent years that is over the base year amount
Absorption Study - VIP - CORRECT-ANSWER-analyzing the amount of
space leased and vacant over a particular period of time
Key factors that affect commercial real estate - CORRECT-ANSWER-
Location
Area demographics
Traffic patterns
,Income levels
Growth
Trends
Retail spaces are usually leased - CORRECT-ANSWER-square foot as an
annual dollar amount
In a Commercial Purchase a common practice is to - CORRECT-
ANSWER-Use Letters of Intent before a final purchase contract is
created by parties
Inspection period in a commercial purchase is - CORRECT-ANSWER-10
day free look period
Property used in a trade or business may qualify for tax - CORRECT-
ANSWER-depreciation
, Capital gains - CORRECT-ANSWER-if real estate has not been an owner
occupied for 2 out of the last 5 years is subject to Capital GAINS TAX
1031 Tax Deferred Exchange - CORRECT-ANSWER-Referred to as "like-
kind" properties, can defer capital gains tax
Boot - CORRECT-ANSWER-Funds an investor/owner retains and does
not reinvest after sale of property
Passthrough provisions in commercial real estate are - CORRECT-
ANSWER-Taxes, Insurance, and Maintenance
An Active Real Estate License is required when - VIP - CORRECT-
ANSWER-Assisting another for compensation in the providing of
brokerage services including referral of business
AND CORRECT ANSWERS | LATEST EDITION
2025|GUARANDTEED PASSS!!
Net lease with Base Years Stop (BYS) - CORRECT-ANSWER-Means the
owner pays on the pass through provisions the first year and the tenant
pays in the subsequent years that is over the base year amount
Absorption Study - VIP - CORRECT-ANSWER-analyzing the amount of
space leased and vacant over a particular period of time
Key factors that affect commercial real estate - CORRECT-ANSWER-
Location
Area demographics
Traffic patterns
,Income levels
Growth
Trends
Retail spaces are usually leased - CORRECT-ANSWER-square foot as an
annual dollar amount
In a Commercial Purchase a common practice is to - CORRECT-
ANSWER-Use Letters of Intent before a final purchase contract is
created by parties
Inspection period in a commercial purchase is - CORRECT-ANSWER-10
day free look period
Property used in a trade or business may qualify for tax - CORRECT-
ANSWER-depreciation
, Capital gains - CORRECT-ANSWER-if real estate has not been an owner
occupied for 2 out of the last 5 years is subject to Capital GAINS TAX
1031 Tax Deferred Exchange - CORRECT-ANSWER-Referred to as "like-
kind" properties, can defer capital gains tax
Boot - CORRECT-ANSWER-Funds an investor/owner retains and does
not reinvest after sale of property
Passthrough provisions in commercial real estate are - CORRECT-
ANSWER-Taxes, Insurance, and Maintenance
An Active Real Estate License is required when - VIP - CORRECT-
ANSWER-Assisting another for compensation in the providing of
brokerage services including referral of business
