NC Post-Licensing 303 Exam newest 2025 with 200

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NC Post-Licensing 303 Exam newest 2025 with 200 accurate and verified questions covering agent relationships and responsibilities, contract law, license status, and North Carolina real estate regulations.

BICs are selected by completing which form? - ANSWER-Form 2.25 designation of BIC

What unlicensed assistants may do - ANSWER-- Receive and forward calls

• Submit listing data
• Search public records
• Place signs and lockboxes
• Order and supervise repairs
• Act as courier
• Gather factual data
• Schedule appointments
• Coordinate/confirm appointments
• Complete basic forms
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What unlicensed assistants may NOT do - ANSWER-- Assist others in sale/lease

• Hold open house without license
• Cold call or prospect
• Make referrals for a fee
• Create and publish ads

What happens when you fail to pay $45 renewal fee - ANSWER-License is expired

An expired license means that the license has to be - ANSWER- Reinstated

If expired for less than 6 months - ANSWER-- File reinstatement application form

• Pay $90 reinstatement fee

If expired more than 6 months but less than 2 years - ANSWER-

• File reinstatement form
• Pay $90 reinstatement fee
• Complete one 30-hr class 2 / 4

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If expired more than 2 years - ANSWER-- Complete 75 hr prelicensing course

• Retake NC exam
• Complete 90 hrs of post licensing

If inactive due to CE deficiency less than 2 years - ANSWER-- Complete current years of CE - 8 hrs

• Complete previous years deficiency (4-8 hrs CE)
• File license activation form

If inactive due to CE deficiency more than 2 years - ANSWER-- Complete current years CE

• Complete 60 hours of Post - 2 post classes
• File license activation form

The two key questions to ask any team are? - ANSWER-1. Have you created an entity?

• Is the entity name being used in marketing and ads?
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Creating a team without creating an entity.. - ANSWER-- Team name and licensees to be approved by the BIC of the firm.

• All licensees affiliated with the BIC of the firm.
• Brokerage firm name to be used on all disclosures and

contracts

• No compensation may be paid to the team name.
• All compensation must be paid by the BIC
• The team may use the team name in advertising with

permission of the BIC, but all advertising must also include the firm name.

Referral file must consist of - ANSWER-- Written agreement

• Licensure proof of referral source
• W9 issuance of a 1099

Commercial broker lien act - ANSWER-A lien may be placed against commercial properties for commercial services rendered in either a sale or lease transaction.

Requirements to fil a broker lien are? - ANSWER-- Written agreement specifying services and compensation.

• Must be a listing agent.
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