NC Post-Licensing 303 Exam 2026
Questions and Answers
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? - Correct 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? - Correct 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? - Correct 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? - Correct answer-
Under this act, a travel agent who does not hold an active real estate license may
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,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? - Correct
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? - Correct 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? - Correct 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? - Correct answer-Wetland
Before becoming a broker-in-charge, a North Carolina broker must first apply for
_______ with the NCREC. - Correct 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
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, tenant. Does Dave need a real estate license for this? - Correct 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.
It's fine for a personal assistant to answer a buyer's questions related to contract
terms if the personal assistant ______. - Correct answer-Is licensed
Which of the following is NOT a measure a developer must take to prevent
sedimentation? - Correct answer-Deep rooting trees along shoreline
Randall's clients, Carma and Trent, are looking for a mountain cabin. They tell
Randall they'll pay him a $2,000 finder's fee if he finds the cabin that checks all of
their boxes, and they close on it. Randall finds a likely candidate that's an FSBO,
and negotiations begin. What circumstance is required for Randall to receive the
finder's fee? - Correct answer-Carma and Trent must pay the finder's fee to
Randall's broker
Which of the following would NOT be considered a violation of license law? -
Correct answer-A timeshare salesperson who also has a legal license performing
legal services
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Questions and Answers
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? - Correct 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? - Correct 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? - Correct 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? - Correct answer-
Under this act, a travel agent who does not hold an active real estate license may
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,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? - Correct
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? - Correct 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? - Correct 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? - Correct answer-Wetland
Before becoming a broker-in-charge, a North Carolina broker must first apply for
_______ with the NCREC. - Correct 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
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, tenant. Does Dave need a real estate license for this? - Correct 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.
It's fine for a personal assistant to answer a buyer's questions related to contract
terms if the personal assistant ______. - Correct answer-Is licensed
Which of the following is NOT a measure a developer must take to prevent
sedimentation? - Correct answer-Deep rooting trees along shoreline
Randall's clients, Carma and Trent, are looking for a mountain cabin. They tell
Randall they'll pay him a $2,000 finder's fee if he finds the cabin that checks all of
their boxes, and they close on it. Randall finds a likely candidate that's an FSBO,
and negotiations begin. What circumstance is required for Randall to receive the
finder's fee? - Correct answer-Carma and Trent must pay the finder's fee to
Randall's broker
Which of the following would NOT be considered a violation of license law? -
Correct answer-A timeshare salesperson who also has a legal license performing
legal services
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
