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SUPERIOR REAL ESTATE SCHOOL EXAM BANK 2026/2027
NEWEST | ALL CURRENTLY TESTING AND FREQUENTLY
TESTED QUESTIONS WITH DETAILED VERIFIED ANSWERS /
EXAM QUESTIONS AND VERIFIED ANSWERS |ALREADY
GRADED A+|
Which of the following statements regarding the North Carolina
Residential Property Disclosure Act is TRUE? - ANSWER-The
seller must provide a completed Mineral and Oil and Gas Rights
Mandatory Disclosure Statement to a prospective buyer of most
residential properties prior to presentation of first offer.
Under which of the following listing agreements must a seller pay
a commission to the listing company even if
the seller procures the buyer? - ANSWER-Exclusive right to sell
listing
loan in the amount of $345,800 at 5½% for 30 years closed on
April 18. The first monthly payment is due on
June 1. Using a 30-day month/360 day year, what is the amount
of interim interest that the borrower had to pay
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at settlement? - ANSWER-$1901.90
In North Carolina, a husband and wife own a home as tenants by
the entirety. Both of their wills specify that all
property and possessions will pass to their 3 children equally
upon their respective deaths. The wife dies
suddenly. Explain ownership of the house after the wife's death. -
ANSWER-The husband will have 100% ownership of the house.
broker advertises his listing as waterfront property. The property
has a great view of the lake, but there is
another lot located between the listed property and the lakeshore.
The listing agent may be guilty of - ANSWER-willful
misrepresentation.
what duties does a broker owe to a consumer who is not the
broker's principal? - ANSWER-Honesty, fairness, and disclosure
of material facts
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A broker is aware that the public road in front of her listing is
scheduled to be widened to a four-lane divided
highway next year. The listing agent - ANSWER-must volunteer
the information to all prospective buyers
The illegal and discriminatory practice of soliciting listings by
making statements intended to cause alarm in
current property owners about the entry or possible entry of
minority residents into the neighbor is called - ANSWER-
blockbusting.
According to the North Carolina Real Estate Commission's
Residential Square Footage Guidelines, which of the
following statements regarding "living area" is TRUE? - ANSWER-
The ceiling height must be at least 7 feet, unless dealing with
sloped ceilings.
The North Carolina Real Estate Commission may discipline a
broker for - ANSWER-drafting a loan contingency provision into a
residential sales contract.
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or
using a sales contract form furnished by a client rather than an
approved standardized form
A real estate firm lists a residential property for $647,500. The
seller agrees to pay a 6% listing commission. An
agent with a different firm sells the property for a contract price of
$639,000. The listing firm will pay the 2.6%
commission split offered in the MLS to the selling firm. How much
commission will the listing firm retain? - ANSWER-21,726
In the Market Data Approach to value, the principal factors used
to select comparable properties are - ANSWER-date of sale,
location, physical features, and terms and conditions of sale.
A necessary element of an enforceable real estate sales contract
is - ANSWER-the recordation of the agreement.
A listing agent receives two written offers for the same property
within a few hours of each other. Both offers
SUPERIOR REAL ESTATE SCHOOL EXAM BANK 2026/2027
NEWEST | ALL CURRENTLY TESTING AND FREQUENTLY
TESTED QUESTIONS WITH DETAILED VERIFIED ANSWERS /
EXAM QUESTIONS AND VERIFIED ANSWERS |ALREADY
GRADED A+|
Which of the following statements regarding the North Carolina
Residential Property Disclosure Act is TRUE? - ANSWER-The
seller must provide a completed Mineral and Oil and Gas Rights
Mandatory Disclosure Statement to a prospective buyer of most
residential properties prior to presentation of first offer.
Under which of the following listing agreements must a seller pay
a commission to the listing company even if
the seller procures the buyer? - ANSWER-Exclusive right to sell
listing
loan in the amount of $345,800 at 5½% for 30 years closed on
April 18. The first monthly payment is due on
June 1. Using a 30-day month/360 day year, what is the amount
of interim interest that the borrower had to pay
, Page |2
at settlement? - ANSWER-$1901.90
In North Carolina, a husband and wife own a home as tenants by
the entirety. Both of their wills specify that all
property and possessions will pass to their 3 children equally
upon their respective deaths. The wife dies
suddenly. Explain ownership of the house after the wife's death. -
ANSWER-The husband will have 100% ownership of the house.
broker advertises his listing as waterfront property. The property
has a great view of the lake, but there is
another lot located between the listed property and the lakeshore.
The listing agent may be guilty of - ANSWER-willful
misrepresentation.
what duties does a broker owe to a consumer who is not the
broker's principal? - ANSWER-Honesty, fairness, and disclosure
of material facts
, Page |3
A broker is aware that the public road in front of her listing is
scheduled to be widened to a four-lane divided
highway next year. The listing agent - ANSWER-must volunteer
the information to all prospective buyers
The illegal and discriminatory practice of soliciting listings by
making statements intended to cause alarm in
current property owners about the entry or possible entry of
minority residents into the neighbor is called - ANSWER-
blockbusting.
According to the North Carolina Real Estate Commission's
Residential Square Footage Guidelines, which of the
following statements regarding "living area" is TRUE? - ANSWER-
The ceiling height must be at least 7 feet, unless dealing with
sloped ceilings.
The North Carolina Real Estate Commission may discipline a
broker for - ANSWER-drafting a loan contingency provision into a
residential sales contract.
, Page |4
or
using a sales contract form furnished by a client rather than an
approved standardized form
A real estate firm lists a residential property for $647,500. The
seller agrees to pay a 6% listing commission. An
agent with a different firm sells the property for a contract price of
$639,000. The listing firm will pay the 2.6%
commission split offered in the MLS to the selling firm. How much
commission will the listing firm retain? - ANSWER-21,726
In the Market Data Approach to value, the principal factors used
to select comparable properties are - ANSWER-date of sale,
location, physical features, and terms and conditions of sale.
A necessary element of an enforceable real estate sales contract
is - ANSWER-the recordation of the agreement.
A listing agent receives two written offers for the same property
within a few hours of each other. Both offers
