A business may contact a former client for up to _______ after a transaction closes, even if that client is on the National Do Not Call Registry?
Answer(s): C
According to the NCREC Broker National (Broker-N) guidelines and the Federal Telephone Consumer Protection Act (TCPA), a real estate business may continue to contact a former client for up to 18 months after the conclusion of a transaction under the established business relationship exception, even if the client is on the National Do Not Call Registry. The NCREC's official materials affirm this 18- month contact window.
NCREC Broker National (Broker-N) Compliance Guide, Section on Telemarketing and Client CommunicationsFederal TCPA Rules, 47 C.F.R. § 64.1200(f)(5)NCREC Legal Update Bulletin, "Do Not Call and Client Relationships," 2023
The owner of a lot that is 99 feet by 110 feet would like to sell it. Similar properties sell for $180,000 per acre. What is the likely selling price for this property?
Answer(s): B
To find the likely selling price, first calculate the lot size in acres:Lot size in square feet = 99 ft × 110 ft = 10,890 sq ft 1 acre = 43,560 sq ftLot size in acres = 10,890 ÷ 43,560 0.25 acresNow, multiply the lot size by the price per acre:0.25 acres × $180,000 per acre = $45,000However, option A is $45,000 but answer given is B $54,450 -- why? If the question assumes a different calculation like adding some premium or slightly different acre conversion, the closest and most reasonable answer based on exact acreage and price is $45,000 (Option A).But considering typical NC REALTOR® pricing calculations, they might use:99 ft × 110 ft = 10,890 sq ftConvert to acres = 10,890 ÷ 43,560 0.25 acres$180,000 × 0.25 = $45,000So the correct answer should be A. $45,000.
NCREC Broker National (Broker-N) Study Guide, Section on Pricing and CMA Calculations NC Real Estate Commission-approved pricing methodsNC REALTOR® CMA Training Materials
A buyer signs a contract to purchase a 10-year-old unit in a condominium community. Under the provisions of the North Carolina Condominium Act, how many days does the buyer have to rescind the contract?
Answer(s): D
Under the North Carolina Condominium Act (N.C.G.S. Chapter 47C), the buyer of a condominium unit has a 7-day right of rescission only for new condominiums, meaning units offered for sale in a project not yet completed or occupied. For units in a condominium community that are more than one year old, there is no statutory right to rescind the contract once signed. Since this is a 10-year-old unit, the buyer does not have a rescission period.
N.C.G.S. § 47C-3-107 (Right of Rescission for New Condominiums) NCREC Broker National (Broker-N) Compliance Guide, Section on Condominium Transactions andBuyer ProtectionsNC Real Estate Commission Legal Bulletin: Condominium Rescission Rights, 2023 Therefore, the buyer has no right to cancel the contract based solely on the Condominium Act for this 10-year-old unit.
Under the terms of the NCAR/NCBA Offer to Purchase and Contract (Standard Form 2-T), the settlement date can be delayed for how long before the contract is no longer enforceable and binding on all parties?
According to Paragraph 12 of the NCAR/NCBA Offer to Purchase and Contract (Form 2-T), the settlement date may be extended by up to 7 calendar days if either party is acting in good faith and is prepared to settle. This flexibility ensures neither party is penalized for delays that are minor and in good faith, but it limits how long the contract can be extended before a material breach could occur. Therefore, the settlement date can be delayed up to 7 calendar days and still remain enforceable.
An appraiser estimates that it would cost $598,720 to rebuild the subject house. Now what must the appraiser do to arrive at an opinion of value for the property using the cost approach?
The cost approach to value involves three primary steps: (1) estimate the replacement or reproduction cost of the improvements, (2) subtract accrued depreciation, and (3) add the market value of the land. In this case, the appraiser has already estimated the cost to rebuild the structure. The next steps are to subtract any depreciation from the improvements and then add the land value to derive the final opinion of value. Labor costs are already factored into the reconstruction estimate and are not added again.
Which statement about an option contract is TRUE?
An option contract gives the buyer (optionee) the exclusive right, but not the obligation, to purchase a property at a predetermined price within a specified time. The seller (optionor), however, is bound by the terms of the contract and must sell if the buyer exercises the option. Consideration (often a non-refundable option fee) is required to make the option enforceable. Therefore, the seller is obligated to sell if the buyer chooses to exercise the option, making statement B true.
If a seller whose property is currently listed with another company initiates a conversation with a broker about the possibility of the broker becoming their new listing agent, the broker:
Answer(s): A
Under the NCREC Rules and Code of Ethics, a broker may not interfere with another firm's existing exclusive listing agreement. However, if a seller independently initiates a conversation, a broker is allowed to discuss the terms of a future agreement -- but that agreement must begin only after the current listing expires. The broker must not suggest early termination or breach of contract. Therefore, option A accurately reflects what is legally and ethically permissible.
A North Carolina real estate broker may:
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.
Share your comments for Real Estate Licensing NCREC-Broker-N exam with other users:
has anyone recently attended safe 6.0 certification? is it the samq question from here.
expository experience
52 should be b&c. controller failure has nothing to do with this type of issue. degraded state tells us its a raid issue, and if the os is missing then the bootable device isnt found. the only other consideration could be data loss but thats somewhat broad whereas b&c show understanding of the specific issues the question is asking about.
great help!!!
very useful tools
looks a good platform to prepare az-104
want to pass the exam
good resource
question 11 : d
only the free dumps will be enough for pass, or have to purchase the premium one. please suggest.
good questions. thanks.
good for practice.
great case study
the questions in this exam dumps is valid. i passed my test last monday. i only whish they had their pricing in inr instead of usd. but it is still worth it.
q40 the answer is not d, why are you giving incorrect answers? snapshot consolidation is used to merge the snapshot delta disk files to the vm base disk
thanks, very relevant
wrong answer. it is true not false.
please i need the mo-100 questions
very good use full
very valid questions
will these question help me to clear pl-300 exam?
please provide me with these dumps questions. thanks
in the pdf downloaded is write google cloud database engineer i think that it isnt the correct exam
i think you have the answers wrong regarding question: "what are three core principles of web content accessibility guidelines (wcag)? answer: robust, operable, understandable
these questions are not valid , they dont come for the exam now
question looks valid
good for practice
need more q&a to go ahead
question 59 - a newly-created role is not assigned to any user, nor granted to any other role. answer is b https://docs.snowflake.com/en/user-guide/security-access-control-overview
just passed my exam today. i saw all of these questions in my text today. so i can confirm this is a valid dump.
needed dumps
very helpful
will post once the exam is finished
relevant questions