NC BROKER STATE EXAM 80 QUESTIONS &
CORRECT ANSWERS LATEST 2026
Which one of the following people must hold a NC real estate license?
Anyone receiving a commission
Which of the following activities require that Aaron hld a NC real estate license?
Any activity for compensation
Charles has been removed from the NCREC for misconduct. Which of the
following parties is responsible for removing him from the commission?
The Governor
NC broker Fisher has been giving his clients legal advice about real estate
purchases. Which of the following is true of this situation?
The NCREC can investigate Fisher's actions on its own or when someone else files
a compliant.
NC real estate broker license applicant Penelope completed her required pre-
licensing education on April 1, 2020. Based on this, Penelope must apply for her
license before _________ or her pre-licensing education credit will expire.
April 1, 2023
NC broker Olivia holds an inactive license. She files a request for license
activation with the commission on an approved. At what point will Olivia's license
be considered active?
Once the form has been mailed or delivered to the commission.
NC broker Derek is the agent for buyer Braden who wants to purchase a second
home. Braden asks Derek to explain the legal implications of owning a second
home. How should Derek respond?
, "That's a question you'll want to ask your lawyer or a real estate attorney Since I'm
not a lawyer, I can't give you legal advice."
NC broker Buck has just been convicted of felony extortion in South Carolina and
Florida. What action, if any, can the NCREC take in this situation?
The NCREC can revoke or suspend Buck's license or otherwise reprimand or
censure Buck.
NC broker, Finn, ran an ad for his client Sonny's three-bedroom house. The ad
gave a brief property description, Finn's cell phone number, and state, "Call Finn
Today!" Which of the following is true of this situation?
This ad isn't permissible because it doesn't indicate that it's the advertisement of a
broker or brokerage firm.
At the latest, NC broker Jennifer must give her seller client, Gideon, a copy of the
listing agreement they signed __________.
Within three days of its execution
Broker Amanda meets the qualifications and wants to be designated as the broker-
in-charge of her firm's branch office. What should she do first?
Submit an application on the BIC Eligible status form to apply for BIC Eligible
Status with the commission.
Liv, Elliot, Don, and John all have active NC brokers' licenses, and they've all
completed the broker-in-charge course within the past year. Based on the following
information, which of these brokers qualifies as a BIC?
John, who's had four years of part-time real estate brokerage experience in the past
five years
New NC broker Allie is going to open a trust account, and is trying to remember
the three primary features of a trust account in NC. What are they?
The account must be custodial, combined, and available on demand.
NC broker-in-charge, Angela, has a properly designated trust fund in NC. She
keeps funds from five separate clients in it. Undre the Federal Deposit Insurance
Corp (FDIC), this account insured for how much?
Up to $250,000 per each of the five individuals
CORRECT ANSWERS LATEST 2026
Which one of the following people must hold a NC real estate license?
Anyone receiving a commission
Which of the following activities require that Aaron hld a NC real estate license?
Any activity for compensation
Charles has been removed from the NCREC for misconduct. Which of the
following parties is responsible for removing him from the commission?
The Governor
NC broker Fisher has been giving his clients legal advice about real estate
purchases. Which of the following is true of this situation?
The NCREC can investigate Fisher's actions on its own or when someone else files
a compliant.
NC real estate broker license applicant Penelope completed her required pre-
licensing education on April 1, 2020. Based on this, Penelope must apply for her
license before _________ or her pre-licensing education credit will expire.
April 1, 2023
NC broker Olivia holds an inactive license. She files a request for license
activation with the commission on an approved. At what point will Olivia's license
be considered active?
Once the form has been mailed or delivered to the commission.
NC broker Derek is the agent for buyer Braden who wants to purchase a second
home. Braden asks Derek to explain the legal implications of owning a second
home. How should Derek respond?
, "That's a question you'll want to ask your lawyer or a real estate attorney Since I'm
not a lawyer, I can't give you legal advice."
NC broker Buck has just been convicted of felony extortion in South Carolina and
Florida. What action, if any, can the NCREC take in this situation?
The NCREC can revoke or suspend Buck's license or otherwise reprimand or
censure Buck.
NC broker, Finn, ran an ad for his client Sonny's three-bedroom house. The ad
gave a brief property description, Finn's cell phone number, and state, "Call Finn
Today!" Which of the following is true of this situation?
This ad isn't permissible because it doesn't indicate that it's the advertisement of a
broker or brokerage firm.
At the latest, NC broker Jennifer must give her seller client, Gideon, a copy of the
listing agreement they signed __________.
Within three days of its execution
Broker Amanda meets the qualifications and wants to be designated as the broker-
in-charge of her firm's branch office. What should she do first?
Submit an application on the BIC Eligible status form to apply for BIC Eligible
Status with the commission.
Liv, Elliot, Don, and John all have active NC brokers' licenses, and they've all
completed the broker-in-charge course within the past year. Based on the following
information, which of these brokers qualifies as a BIC?
John, who's had four years of part-time real estate brokerage experience in the past
five years
New NC broker Allie is going to open a trust account, and is trying to remember
the three primary features of a trust account in NC. What are they?
The account must be custodial, combined, and available on demand.
NC broker-in-charge, Angela, has a properly designated trust fund in NC. She
keeps funds from five separate clients in it. Undre the Federal Deposit Insurance
Corp (FDIC), this account insured for how much?
Up to $250,000 per each of the five individuals
