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NORTH CAROLINA REAL ESTATE EXAM 2025
LATEST TEST BANK WITH 450 REAL EXAM PREP
QUESTIONS AND CORRECT ANSWERS/ NC REAL
ESTATE LICENSE TEST 2025/ NCREC EXAM (NEW!)
A real estate license must be renewed no later than every?
- June 30
- anniversary of licensure
- June 10
- December 31
June 30th Maha is the broker-in-charge at Ace Realty, which practices designated dual agency. She is the designated broker for the seller-client while Nick, a provisional broker, is the designated broker for the buyer-client.Evaluate this scenario.Ace Realty is not following NCREC's rules for dual agency; a broker-in-charge cannot be a designated agent in a transaction where a provisional broker is also a designated agent.A licensee's North Carolina real estate license may be suspended or revoked for
- sharing commission with the buyer client
- advertising properties in multiple counties
- buying a property for personal use that is listed by the licensee's firm
- placing a for sale sign on a property without a signed listing agreement
placing a for sale sign on a property without a listing agreement All the following people need an active North Carolina real estate license except:
- a court-ordered guardian selling property owned by his charge
- an attorney that serves as a relief agent on Thursdays in a new homes
- a real estate assistant showing listed property to the buyer-clients of her broker- 1 / 4
subdivision
pg. 2 boss
- an on-site leasing agent that negotiates rental amounts when requested by
potential tenants.a court-ordered guardian selling property owned by his charge If a licensee violates any of the provisions of the North Carolina real estate license law, the North Carolina real estate commission may do all of the following except:
- revoke the license permanently
- suspend the license for a specified period of time
- allow the license to remain active if a specified fine is paid
- require the licensee to take prescribed education courses before reinstatement of
the license.allow the license to remain active if specified fine is paid.Which statement is true regarding a broker license on a provisional status?
- the licensee must satisfy a 90-hour post licensing education requirement in order
- the provisional broker license is converted to a broker-in-charge license upon
- the licensee must complete at least one post licensing course no later than one
- the provisional license status may be removed by completing 16 hours of
to remove provisional license status
completion of post licensing requirements
year from license in order to avoid cancellation of license
continuing education credits The licensee must satisfy a 90-hour post education requirement in order to remove provisional license status In North Carolina, all real estate brokers must
- maintain a trust account
- belong to the local Association of Realtors
- include their firm's name in advertisements of a clients property
- complete continuing education each year in order to keep the license current
include their firms name in advertisements of a clients property 2 / 4
pg. 3 An active non-provisional real estate broker in North Carolina may
- prepare deeds for seller-clients
- may interpret protective covenants for a buyer-client
- place an ad today for a listing that she anticipates getting next week
- split the commission with a buyer-client if it is disclosed to the lender and noted
on the settlement statement split the commission with a buyer-client if its disclosed to the lender and noted on the settlement statement Which of the following practices would fall within the North Carolina Real Estate Commission's purposes?Protects interest on consumers in real estate sales Which of the following would be considered a private land-use control?Protective covenant Agent Bob is called by a seller who is currently listed with another agent under an Exclusive Right to Sell listing agreement. The seller would like to know if Agent Bob can list his property as his current agent has performed poorly. Bob could
correctly answer:
He will be glad to list property when he is no longer working with another agent A provisional broker, Judy, leaves Firm A to join Firm B while she has a transaction in process at Firm A. Firm A appoints another agent to complete the transaction and agrees to compensate the provisional broker (Judy) a 50% commission at the closing. Which of the following most accurately describes how Judy will be compensated?She can be compensated even though she no longer works for that BIC An agent with ABC Realty takes a listing and places it in the multiple listing service. Which of the following statements is most accurate?all agents are subagents to the seller Agent Greta is doing some back-of-the-envelope math to help a buyer client get a general idea of what their property taxes will be. She knows the tax rate is $0.76 per $100. What other number does she need, and why? 3 / 4
pg. 4 NC is a full assessment state After estimating the value of the property using the applicable approaches to
appraisal, an appraiser will usually:
an appraiser will usually reconcile the final estimations Which of the following is true about offerors and offerees?They can potentially reverse roles.What is the process of paying off a debt/mortgage in regular installments based on a fixed payment schedule called?amortization How many brokers-in-charge should a real estate brokerage have?One at the principal office and 1 at each branch What are ownership rights to all that is found beneath the surface of the tract of land owned, extending downward to the center of the earth?subsurface right Real property taxes are always due on what date according to the North Carolina Machinery Act?September 1st A property manager has a policy that dogs are allowed but only with a $500 pet fee and if the dog weighs less than 25 pounds. A tenant completes the application and states that he has a 60-pound yellow lab. Which of these is true of the situation?The landlord would waive both if the dog was a registered service animal.North Carolina building code requires protection against what type of pests?termites Kirani prepaid the full year's property taxes on his home before selling it on the last day of July to Emmy. On the settlement statement, the property tax amount for
August through December will be recorded as a:
Credit to kirani debit to emmy
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