Nc Post Licensing - 303 Study Guide Graded A+

All deposits must be made to the trust account within {Ans: 3 banking days/3 days of acceptance of receipt or contract acceptance, whichever is later}Only License status that must affiliate with a BIC/Firm is when a licensee is a {Ans: Provisional Broker. No affiliation = INACTIVE for a PB}What is the job of the PROJECT BROKER in a TIMESHARE brokerage {Ans: Manage and Supervise timeshare salespersons}Power of Attorney exemption exists {Ans: to complete the sale in a performance contract}Manufactured Homes can be converted into REAL Property if - VIP {Ans: 1) the owner owns the land 2) Owner removes, wheels, and axles (and attach to land in some cases) 3) owner obtains an Affidavit of Affixture - (cancels the DMV registration}Loan terms in commercial real estate financing {Ans: are shorter than residential}