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North Carolina Real Estate Commission NCREC-Broker-N Valid Test Vce Free | NCREC-Broker-N Exam Certification Cost

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North Carolina Real Estate Commission NCREC-Broker-N Exam Syllabus Topics:

Topic
Details

Topic 1

State Portion: Legal Framework: This section of the exam evaluates provisional brokers on the rules and statutes that apply specifically in North Carolina. It includes license law, the Real Estate Commission’s authority, and disciplinary procedures. It also covers how agency relationships must be created and disclosed under state law. These legal frameworks define the responsibilities and compliance requirements for practicing in the state.

Topic 2

National Portion: Applied Knowledge: This part of the exam measures the applied knowledge of broker candidates and emphasizes practical skills. It includes financing and valuation methods, market analysis, and understanding mortgage processes. Candidates are also tested on land use controls, zoning, environmental regulations, required disclosures, and common real estate calculations. This applied knowledge ensures brokers can handle real-world scenarios effectively.

Topic 3

State Portion: Practice and Procedures: This part of the exam measures the skills of provisional brokers in practical, day-to-day operations within North Carolina. It covers contracts and closing processes, use of state-specific forms, and procedures for managing transactions. It also includes state statutes on property transfers, landlord-tenant law, and fair housing requirements. This focus ensures provisional brokers can carry out transactions correctly within state guidelines.

Topic 4

National Portion: Core Concepts: This section of the exam measures the skills of broker candidates and focuses on the basic principles of real estate. It covers property ownership, forms of estates, property rights, and how interests are transferred. It also evaluates contracts, agency duties, and the role of brokers in maintaining lawful and ethical agreements. These core concepts ensure candidates understand the foundational rules of practice across the United States.

North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q107-Q112):

NEW QUESTION # 107
In North Carolina, a buyer agent must disclose their agency status to the seller or the seller's agent:

A. no later than when presenting an offer.
B. at the initial contact.
C. at the first substantial contact.
D. no later than the first showing of the property.

Answer: B

Explanation:
North Carolina License Law and Rules state that a buyer's agent must disclose their agency statusat initial contactwith the seller or the seller's agent. The statute explicitly requires agency disclosure at the earliest interaction. Thus,option Ais correct.

NEW QUESTION # 108
Under the North Carolina Timeshare Act, a timeshare developer must allow a buyer to cancel a purchase contract without penalty for how long after signing the contract?

A. 5 days
B. 3 days
C. 10 days
D. Under the law, there is no right of cancellation

Answer: A

Explanation:
According to the North Carolina Timeshare Act, a purchaser of a timeshare has the right to cancel the purchase without penalty within five (5) calendar days after execution of the contract. This right of rescission is non-waivable and must be disclosed in the contract. The cancellation does not require a reason and must be honored fully. Therefore, the correct answer is B.
-

NEW QUESTION # 109
According to the North Carolina Tenant Security Deposit Act, if a tenant signs a one-year lease to rent a single-family home for $1,500 a month, what is the most the property owner can charge the tenant as a security deposit?

A. $1,500
B. $3,000
C. $750
D. $2,250

Answer: D

Explanation:
Under the NC Tenant Security Deposit Act, for leases longer than month-to-month, landlords may charge a maximum security deposit equal to two months' rent. In this case:
$1,500 × 2 = $3,000 maximum allowed.
However, the correct answer option closest to this is C: $2,250. Let's re-check.
Upon review:
If the lease is longer than month-to-month (e.g., annual lease), the maximum deposit is 2 months' rent:
$1,500 × 2 = $3,000 # Correct answer is D.

NEW QUESTION # 110
A North Carolina real estate broker may:

A. practice oral buyer agency but must have a written agency agreement with the buyer prior to presenting an offer.
B. practice oral buyer agency so long as it is exclusive and sets a specific time frame for the oral agency agreement.
C. practice oral seller agency but must have a listing agreement in writing no later than the time at which a buyer submits an offer.
D. delay the use of the Working with Real Estate Agents Disclosure when there is an oral seller agency.

Answer: A

Explanation:
Under North Carolina Real Estate Commission (NCREC) rules, a broker may begin working with a buyer under oral buyer agency but must have a signed, written buyer agency agreement in place before presenting any offer on behalf of that buyer. Oral agency cannot be exclusive or have a defined time frame. Additionally, the broker must provide the Working with Real Estate Agents Disclosure at first substantial contact.
Therefore, oral buyer agency is permissible temporarily but must convert to a written agreement before drafting or presenting an offer, making option C correct.

NEW QUESTION # 111
Which of these activities is prohibited by federal antitrust laws?

A. Price-fixing
B. Providing legal advice
C. Racial discrimination
D. Price gouging

Answer: A

Explanation:
Federal antitrust laws, including the Sherman Antitrust Act, prohibit activities that restrict fair competition.
One of the key prohibited practices is price-fixing-an agreement among competitors to set commission rates or pricing, which violates the requirement for competitive, independent business conduct. Price gouging is related to consumer protection during emergencies, and racial discrimination falls under fair housing law, not antitrust. Providing legal advice is a separate licensing concern. Therefore, A is correct.

NEW QUESTION # 112
......

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