NC Real Estate Exam Study Guide Questions with Certified Answers

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NC Real Estate Exam Study Guide Questions with Certified Answers When did it become mandatory to have a license to do real estate? ✔✔July 1, 1957 Who issues licenses? ✔✔NC real estate commi... ssion Do you have to be licensed to get paid for referrals? ✔✔Yes, you must have an active license Brokerage activities requiring a license ✔✔1. Listing/offering to list real estate for sale/rent 2. Selling/buying or offering to sell/buy 3. Leasing/renting or offering to lease/rent 4. Conducting/offering to conduct a real estate auction 5. Selling/buying/leasing/assigning/exchanging interest in real estate in connection w/sale or purchase of business Activities exempt from licensing requirement ✔✔1. Owners/lessors 2. Attorney-in-fact 3. Receiver, trustee, guardian, administrator, executor, person acting under court order 4. Attorney who is a member of the NC state bar 5. Salaried employee of broker 6. Business entity Allowed activities of unlicensed, salaried employee ✔✔1. Receive/forward calls and messages to broker 2. Submit listings/changes compiled by broker to MLS 3. Get public records 4. Place for sale signs and lock boxes on property 5. Deliver and pick up documents 6. Give basic info to prospective buyers 7. Coordinate and confirm appointments 8. Show rental properties and fill out leases 9. Type offers, contracts, and leases that are preprinted [Show More]

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