1 - Basic RE Concepts (2 / 1)

Question 1

Postlicensing Educational Requirements for a Provisional Broker

Answer 1

Must complete 90 hours of postlicensing in the first 3 years and complete 8 hours of CE every year prior to the second renewal of their RE license

Question 2

How are the members of the NCREC chosen?

Answer 2

7 are appointed by the governor

2 are appointed by the legislature

Question 3

Composition of NCREC - licensees and laypeople

Answer 3

At least 3 licensees and 2 laypeople

Question 4

Greatest impact on value of property

Answer 4

location / area preference

Question 5

Economic Base

Answer 5

Factors in the community which cause businesses to relocate there

Question 6

Exam period following application

Answer 6

licensees have 180 days to take exam following application