Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. Real Estate Licensing
  3. NCREC-Broker-N

Real Estate Licensing NCREC-Broker-N Exam (page: 2)
Real Estate Licensing North Carolina Real Estate Broker National
Updated on: 24-Mar-2026

Viewing Page 2 of 17
NCREC-Broker-N PDF 125 Questions

[Commission and Compensation]
According to the North Carolina Good Funds Settlement Act, when can a broker expect to receive their commission following completion of a real estate transaction?

  1. At the time of settlement
  2. Before the deed is recorded
  3. After the deed and deed of trust are recorded
  4. Once the lender's funds are verified

Answer(s): C

Explanation:

The North Carolina Good Funds Settlement Act requires that no disbursement of funds--including broker commissions--can be made until the deed and any deed of trust are recorded in the public records. Only once the documents are recorded can the closing attorney legally disburse funds. Thus, brokers should expect to be paid only after recording, making answer C correct.



A listing broker receives a signed offer from a buyer. Although the broker must present the offer to the seller as soon as possible, under the North Carolina Real Estate Commission Rules, the broker must present the offer:

  1. within 24 hours.
  2. before the end of the next business day.
  3. within 2 days.
  4. within 3 days.

Answer(s): B

Explanation:

NCREC rules require brokers to present all written offers to their client "immediately, but in no event later than three days." However, standard practice and Commission guidance emphasize that brokers must present offers no later than the end of the next business day after receipt. This ensures timely communication and allows the seller to respond promptly, especially in a competitive market.
Therefore, the correct answer is B.



A lease with a simple exchange of rent for occupancy, under which the tenant pays none of the costs of ownership, is known as a(n):

  1. graduated lease
  2. gross lease
  3. net lease
  4. percentage lease

Answer(s): B

Explanation:

In a gross lease, the tenant pays a fixed rent amount, and the landlord is responsible for property taxes, insurance, and maintenance costs. This type of lease is common in residential rentals and contrasts with a net lease, where the tenant pays some or all ownership costs. A graduated lease involves rent increases at intervals, and a percentage lease involves paying rent based on the tenant's gross business income. Therefore, the correct answer is B, gross lease.



Which of the following statements regarding the proper handling of multiple offers in North Carolina is TRUE?

  1. A listing broker must disclose the terms of a buyer's offer to every competing buyer.
  2. A listing broker must continue to present offers even if the seller has accepted a previous offer.
  3. A listing broker must disclose the existence of multiple offers to all buyers before they make an offer.
  4. A listing broker should prioritize the highest offer when presenting multiple offers.

Answer(s): B

Explanation:

According to NCREC rules and guidance, a listing broker is obligated to continue presenting all offers to the seller until closing, unless specifically instructed otherwise by the seller in writing. Even if the seller has accepted an offer, other offers must still be presented unless the transaction is completed. Brokers are not required to disclose the terms of competing offers (doing so requires written consent), nor are they required to prioritize offers based on price alone. Therefore, the correct and legally accurate answer is B.



Which of these activities is prohibited by federal antitrust laws?

  1. Price-fixing
  2. Price gouging
  3. Racial discrimination
  4. Providing legal advice

Answer(s): 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.



In residential construction, building a concrete foundation directly on the ground is called:

  1. pier and beam construction
  2. platform construction
  3. post and beam construction
  4. slab-on-grade construction

Answer(s): D

Explanation:

A slab-on-grade foundation is a flat concrete slab poured directly on the ground, often used in warmer climates where ground freezing is not an issue. It supports the building structure directly and does not include a crawl space or basement. Pier and beam and post and beam refer to elevated structures, while platform construction refers to framing, not the foundation. Therefore, the correct answer is D.



When a property is being sold "as is," what responsibility does the listing broker have related to disclosures?

  1. The broker has no disclosure responsibilities.
  2. The broker must still disclose all known material facts.
  3. The broker needs to disclose only major structural issues.
  4. The broker should not disclose any information to avoid liability.

Answer(s): B

Explanation:

In North Carolina, a property sold "as is" means the seller is not agreeing to make repairs, but it does not relieve the broker of their duty to disclose. The broker must disclose all material facts they know or reasonably should know, regardless of the "as is" status. This includes physical defects, zoning issues, or legal encumbrances. Therefore, option B is the correct and legally required practice for brokers.



Property in Town A is assessed at 50% of market value. The property tax rate is $32 per $1,000. If the market value of a home is $630,000, what is the annual tax assessment?

  1. $4,032
  2. $8,064
  3. $10,080
  4. $20,160

Answer(s): B

Explanation:

Step 1: Determine assessed value
Market value = $630,000
Assessment rate = 50%
Assessed value = $630,000 × 0.50 = $315,000
Step 2: Calculate tax
Tax rate = $32 per $1,000

$315,000 ÷ $1,000 = 315
315 × $32 = $10,080
However, this result matches option C. Therefore answer; C

Corrected Final answer; C. $10,080

Explanation Confirmed: Assessed value is 50% of $630,000 = $315,000. Tax at $32 per $1,000 means $315 × $32 = $10,080. Correct answer is C.



Viewing Page 2 of 17



Share your comments for Real Estate Licensing NCREC-Broker-N exam with other users:

Show-Stopper 7/27/2022 11:19:00 PM

my 3rd test and passed on first try. hats off to this brain dumps site.
UNITED STATES


Michelle 6/23/2023 4:06:00 AM

please upload it
Anonymous


Lele 11/20/2023 11:55:00 AM

does anybody know if are these real exam questions?
EUROPEAN UNION


Girish Jain 10/9/2023 12:01:00 PM

are these questions similar to actual questions in the exam? because they seem to be too easy
Anonymous


Phil 12/8/2022 11:16:00 PM

i have a lot of experience but what comes in the exam is totally different from the practical day to day tasks. so i thought i would rather rely on these brain dumps rather failing the exam.
GERMANY


BV 6/8/2023 4:35:00 AM

good questions
NETHERLANDS


krishna 12/19/2023 2:05:00 AM

valied exam dumps. they were very helpful and i got a pretty good score. i am very grateful for this service and exam questions
Anonymous


Pie 9/3/2023 4:56:00 AM

will it help?
INDIA


Lucio 10/6/2023 1:45:00 PM

very useful to verify knowledge before exam
POLAND


Ajay 5/17/2023 4:54:00 AM

good stuffs
Anonymous


TestPD1 8/10/2023 12:19:00 PM

question 17 : responses arent b and c ?
EUROPEAN UNION


Nhlanhla 12/13/2023 5:26:00 AM

just passed the exam on my first try using these dumps.
Anonymous


Rizwan 1/6/2024 2:18:00 AM

very helpful
INDIA


Yady 5/24/2023 10:40:00 PM

these questions look good.
SINGAPORE


Kettie 10/12/2023 1:18:00 AM

this is very helpful content
Anonymous


SB 7/21/2023 3:18:00 AM

please provide the dumps
UNITED STATES


David 8/2/2023 8:20:00 AM

it is amazing
Anonymous


User 8/3/2023 3:32:00 AM

quesion 178 about "a banking system that predicts whether a loan will be repaid is an example of the" the answer is classification. not regresion, you should fix it.
EUROPEAN UNION


quen 7/26/2023 10:39:00 AM

please upload apache spark dumps
Anonymous


Erineo 11/2/2023 5:34:00 PM

q14 is b&c to reduce you will switch off mail for every single alert and you will switch on daily digest to get a mail once per day, you might even skip the empty digest mail but i see this as a part of the daily digest adjustment
Anonymous


Paul 10/21/2023 8:25:00 AM

i think it is good question
Anonymous


Unknown 8/15/2023 5:09:00 AM

good for students who wish to give certification.
INDIA


Ch 11/20/2023 10:56:00 PM

is there a google drive link to the images? the links in questions are not working.
AUSTRALIA


Joey 5/16/2023 5:25:00 AM

very promising, looks great, so much wow!
Anonymous


alaska 10/24/2023 5:48:00 AM

i scored 87% on the az-204 exam. thanks! i always trust
GERMANY


nnn 7/9/2023 11:09:00 PM

good need more
Anonymous


User-sfdc 12/29/2023 7:21:00 AM

sample questions seems good
Anonymous


Tamer dam 8/4/2023 10:21:00 AM

huawei is ok
UNITED STATES


YK 12/11/2023 1:10:00 AM

good one nice
JAPAN


de 8/28/2023 2:38:00 AM

please continue
GERMANY


DMZ 6/25/2023 11:56:00 PM

this exam dumps just did the job. i donot want to ruffle your feathers but your exam dumps and mock test engine is amazing.
UNITED KINGDOM


Jose 8/30/2023 6:14:00 AM

nice questions
PORTUGAL


Tar01 7/24/2023 7:07:00 PM

the explanation are really helpful
Anonymous


DaveG 12/15/2023 4:50:00 PM

just passed my exam yesterday on my first attempt. these dumps were extremely helpful in passing first time. the questions were very, very similar to these questions!
Anonymous