Nc post licensing Study guides, Class notes & Summaries

301- NC Post Licensing | 100% Correct Answers | Verified | Latest 2024 Version

301- NC Post Licensing | 100% Correct Answers | Verified | Latest 2024 Version

NC 302 POST LICENSING CONTRACTS & CLOSINGS/NC POST LICENSING 302 JJ LATEST ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A

301 NC POST LICENSING EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A.301 NC POST LICENSING EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A.301 NC POST LICENSING EXAM, PRACTICE EXAM AND STUDY GUIDE NEWEST 2024 ACTUAL EXAM 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A.301 NC POST LI...

Real Estate Settlement Procedures Act (RESPA) - What is Prohibited - ANSWER 1) Referral fees between licensees, 2) Crediting commissions to clients for coats, 3) Receipt of bonuses by a licensee from someone other than settlement service provided, 4) Must not force the parties to use a particular Settlement Provider. Real Estate Settlement Procedures Act (RESPA) - Allows for Co-Ownership of Settlement Service Providers - ANSWER 1) Affiliated business arrangements, 2) Disclosure of relationshi...

NC Post Licensing 301 Practice Exam Latest Update 2024 Version Questions and Verified Correct Answers Already Passed

Four License Statuses - ANSWER PB, Full Broker, BIC Eligible, BIC Must always affiliate with a broker-in-charge (BIC) in order to have an active license. - ANSWER Provisional Broker May be supervised by two BICs if the BICs are with two different firms and in the same location and acting as co-listing or co-selling agents. - ANSWER Can a provisional broker have 2 BICS? Requirements for an active license (PB) - ANSWER Timely completion of postlicensure and CE, Renewing license on of befo...

NC Post Licensing 302 JJ complete exam update all done solution.

Can an inactive agent be paid a referral commission if they were active at the time they made the referral? - Yes. If and only if they were active at time of referral Must Dual Agency be in writing? - Before an offer is made, Yes. Dual agency must be in writing and signed by both parties At a listing appointment, the agent should be gathering all information for listing and what? - Advertising May a BIC and their Provisional Broker enter into dual agency together? - No. Because the BIC ov...

Commercial purchase contract - Answer-vary widely, inspections or due diligent are key, no standard contract Commercial Due Diligence - Answer-Free look, no risk, determined by buyer and seller BPO-Broker Price Opinion Analysis - Answer-Contains a market analysis and derives value from capitalization rates Capitalization formula - Answer-I/R*V Value=NOI/Rate Potential Gross Income - Answer-Vacancy Collection losses Additional income Effective gross income - Answer-Operating expe...