NC Post-Licensing 303 Exam || Most Recent Exam 2026
-2027 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! |
Newest Exam | Just Released!!
North Carolina broker Dustin moved, changing his permanent
address. To comply with real estate license law, who or what
entity must Dustin notify? - ANSWER -The North Carolina Real
Estate Commission
Samson needs to get insurance for his new condo. What type
of insurance will
cover his unit and all personal property within the unit? -
ANSWER -An HO6
policy
BIC Sydney is planning to attend broker Alyssa's closing on
July 1 because Alyssa's license became inactive on June 30.
Alyssa's done all the work on this transaction but simply forgot
to take her CE. Which of the following statements is true? -
ANSWER -Alyssa is still entitled to the commission for
performing brokerage services she earned prior to the date her
license became inactive.
A certified septic inspector looks at the septic tank, the
distribution box, and the
,_______ for code compliance. - ANSWER -
Absorption field
North Carolina broker Karyn has accepted compensation from
a vendor for recommending its services to a client. Under what
circumstances would Karyn NOT be required to disclose her
acceptance? - ANSWER -If what Karyn accepted is a token of
insignificant or symbolic worth, she needn't disclose it to
anyone.
Which of the following terms refers to the relationship between
the landlord and the tenant in which both parties have
obligations to one another? - ANSWER Mutuality of obligations
All of the following are requirements for manufactured housing
EXCEPT for which one? - ANSWER -Does not include a
permanently attached chassis
-Manufactured homes are transportable structures that are eight
or more feet in
width and 40 or more feet in length, or at least 320 square
feet. They're
constructed with a permanent, non-removable steel chassis
and wheels, and
they are designed to be used as dwellings with or without
a permanent
foundation when connected to plumbing, heating, cooling,
and/or electrical
systems.
, Which of the following situations would NOT require a North
Carolina licensee to notify NCREC? - ANSWER -The licensee
takes out a sizable personal loan to complete some office
renovations.
Jessica is a timeshare interest purchaser who noticed that the
public offering statement includes a statement that she has a
right to cancel the purchase contract within a certain number of
days after executing the purchase contract.
This cancellation statement is known as the purchaser's
______. - ANSWER Right to cancel
A North Carolina licensee has been found guilty of improper
conduct. Which of the following is an example of that violation?
- ANSWER -Violation of the State
Fair Housing
Act
What advantage does the 1031 tax-deferred exchange offer? -
ANSWER -It allows investors to defer capital gains taxes when
selling a property, provided they buy another property.
North Carolina broker Jane just signed an agency agreement
with a new buyer client, Toby. How quickly will Jane need to a
get copy of the agreement to her broker-in-charge, Nathan, so
Nathan can keep it in his records? - ANSWER Within three days
-2027 Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already
Graded A+ | Guaranteed Success!! |
Newest Exam | Just Released!!
North Carolina broker Dustin moved, changing his permanent
address. To comply with real estate license law, who or what
entity must Dustin notify? - ANSWER -The North Carolina Real
Estate Commission
Samson needs to get insurance for his new condo. What type
of insurance will
cover his unit and all personal property within the unit? -
ANSWER -An HO6
policy
BIC Sydney is planning to attend broker Alyssa's closing on
July 1 because Alyssa's license became inactive on June 30.
Alyssa's done all the work on this transaction but simply forgot
to take her CE. Which of the following statements is true? -
ANSWER -Alyssa is still entitled to the commission for
performing brokerage services she earned prior to the date her
license became inactive.
A certified septic inspector looks at the septic tank, the
distribution box, and the
,_______ for code compliance. - ANSWER -
Absorption field
North Carolina broker Karyn has accepted compensation from
a vendor for recommending its services to a client. Under what
circumstances would Karyn NOT be required to disclose her
acceptance? - ANSWER -If what Karyn accepted is a token of
insignificant or symbolic worth, she needn't disclose it to
anyone.
Which of the following terms refers to the relationship between
the landlord and the tenant in which both parties have
obligations to one another? - ANSWER Mutuality of obligations
All of the following are requirements for manufactured housing
EXCEPT for which one? - ANSWER -Does not include a
permanently attached chassis
-Manufactured homes are transportable structures that are eight
or more feet in
width and 40 or more feet in length, or at least 320 square
feet. They're
constructed with a permanent, non-removable steel chassis
and wheels, and
they are designed to be used as dwellings with or without
a permanent
foundation when connected to plumbing, heating, cooling,
and/or electrical
systems.
, Which of the following situations would NOT require a North
Carolina licensee to notify NCREC? - ANSWER -The licensee
takes out a sizable personal loan to complete some office
renovations.
Jessica is a timeshare interest purchaser who noticed that the
public offering statement includes a statement that she has a
right to cancel the purchase contract within a certain number of
days after executing the purchase contract.
This cancellation statement is known as the purchaser's
______. - ANSWER Right to cancel
A North Carolina licensee has been found guilty of improper
conduct. Which of the following is an example of that violation?
- ANSWER -Violation of the State
Fair Housing
Act
What advantage does the 1031 tax-deferred exchange offer? -
ANSWER -It allows investors to defer capital gains taxes when
selling a property, provided they buy another property.
North Carolina broker Jane just signed an agency agreement
with a new buyer client, Toby. How quickly will Jane need to a
get copy of the agreement to her broker-in-charge, Nathan, so
Nathan can keep it in his records? - ANSWER Within three days
