Page 1 of 71
SUPERIOR REAL ESTATE SCHOOL EXAM |
FREQUENTLY TESTED QUESTIONS WITH
CORRECT ANSWERS | BRAND NEW!
All of the following are exempt from the requirement to provide
an RPOADS and MOG, EXCEPT:
A. Transfers between spouses
B. First sale of a dwelling not yet inhabited
C. Both parties agree not to complete the form
D. A For Sale by Owner - ✔✔✔ correct answer > D. A For Sale by
Owner
Under the NC Residential Property Disclosure Act, a licensee
should inform and request that all of the following sellers
complete the Mineral, Oil & Gas (MOG) disclosure, EXCEPT:
A. an investor selling a SFR vacation rental unit
B. a seller who is selling a parcel of vacant land
C. a developer selling a new home in a subdivision
,Page 2 of 71
D. a couple selling their primary residence - ✔✔✔ correct answer > B.
a seller who is selling a parcel of vacant land
In regard to real estate fees and commissions between
brokerages and clients what is the role of the North Carolina
Real Estate Commission:
A. only sets maximum limits on the fees and commissions
B. has no role in fees or commissions
C. only becomes involved when a complaint if filed
D. regulates the commissions exchanged between brokers, but
not those exchanged with clients - ✔✔✔ correct answer > B. has no
role in fees or commissions
All of the following are requirements of licensure for a NC Real
Estate license, EXCEPT:
A. Possess a social security number
B. Be a United States citizen
C. File a complete application and fee
D. Be a resident of North Carolina - ✔✔✔ correct answer > D. Be a
resident of North Carolina
,Page 3 of 71
Judy is an unlicensed individual. Her parents are selling their
own home as For Sale by Owner without the representation of a
real estate licensee. While her parents are on vacation, Judy
shows the home to some interested potential buyers and has
long conversations with them about the conditions under which
they may purchase her parent's home. Judy's parents do not pay
her in cash but instead offer to send on an upcoming vacation. Is
Judy in violation of NC Licensing Law?
A. No because the home is her parent's own property and it is
therefore exempt from the licensure requirement.
B. No, because Judy did not receive any cash payment for her
activity.
C. Yes, Judy is engaged in the business of real estate without a
license
D. Yes because Judy is legally required to obtain a power of
attorney from her parents in this instance. - ✔✔✔ correct answer > C.
Yes, Judy is engaged in the business of real estate without a
license
All of the following require the refiling of an applicant's
application for a NC Real Estate license, EXCEPT:
A. If the applicant delays taking the examination until after the
180 expiration of their examination eligibility period
, Page 4 of 71
B. If the license was expired for a period of more than 6 months
C. If the license was surrendered or revoked for any period of
time
D. If the license was inactive for more than 2 years - ✔✔✔ correct
answer > D. If the license was inactive for more than 2 years
So long as it is part of his or her duties, is it legal for an
unlicensed assistant to solicit listings for the broker?
A. Yes, if it is part of a written job description
B. No, soliciting listings is the exclusive responsibility of the
broker-in-charge
C. Yes, because he or she is being paid a salary not a commission
D. No, active participation in soliciting real estate business
requires a real estate license - ✔✔✔ correct answer > D. No, active
participation in soliciting real estate business requires a real
estate license
All of the following are following are considered exempt from
licensure and considered to be dealing with their own property,
EXCEPT?
A. the general partners of a partnership
B. the managers of an LLC
SUPERIOR REAL ESTATE SCHOOL EXAM |
FREQUENTLY TESTED QUESTIONS WITH
CORRECT ANSWERS | BRAND NEW!
All of the following are exempt from the requirement to provide
an RPOADS and MOG, EXCEPT:
A. Transfers between spouses
B. First sale of a dwelling not yet inhabited
C. Both parties agree not to complete the form
D. A For Sale by Owner - ✔✔✔ correct answer > D. A For Sale by
Owner
Under the NC Residential Property Disclosure Act, a licensee
should inform and request that all of the following sellers
complete the Mineral, Oil & Gas (MOG) disclosure, EXCEPT:
A. an investor selling a SFR vacation rental unit
B. a seller who is selling a parcel of vacant land
C. a developer selling a new home in a subdivision
,Page 2 of 71
D. a couple selling their primary residence - ✔✔✔ correct answer > B.
a seller who is selling a parcel of vacant land
In regard to real estate fees and commissions between
brokerages and clients what is the role of the North Carolina
Real Estate Commission:
A. only sets maximum limits on the fees and commissions
B. has no role in fees or commissions
C. only becomes involved when a complaint if filed
D. regulates the commissions exchanged between brokers, but
not those exchanged with clients - ✔✔✔ correct answer > B. has no
role in fees or commissions
All of the following are requirements of licensure for a NC Real
Estate license, EXCEPT:
A. Possess a social security number
B. Be a United States citizen
C. File a complete application and fee
D. Be a resident of North Carolina - ✔✔✔ correct answer > D. Be a
resident of North Carolina
,Page 3 of 71
Judy is an unlicensed individual. Her parents are selling their
own home as For Sale by Owner without the representation of a
real estate licensee. While her parents are on vacation, Judy
shows the home to some interested potential buyers and has
long conversations with them about the conditions under which
they may purchase her parent's home. Judy's parents do not pay
her in cash but instead offer to send on an upcoming vacation. Is
Judy in violation of NC Licensing Law?
A. No because the home is her parent's own property and it is
therefore exempt from the licensure requirement.
B. No, because Judy did not receive any cash payment for her
activity.
C. Yes, Judy is engaged in the business of real estate without a
license
D. Yes because Judy is legally required to obtain a power of
attorney from her parents in this instance. - ✔✔✔ correct answer > C.
Yes, Judy is engaged in the business of real estate without a
license
All of the following require the refiling of an applicant's
application for a NC Real Estate license, EXCEPT:
A. If the applicant delays taking the examination until after the
180 expiration of their examination eligibility period
, Page 4 of 71
B. If the license was expired for a period of more than 6 months
C. If the license was surrendered or revoked for any period of
time
D. If the license was inactive for more than 2 years - ✔✔✔ correct
answer > D. If the license was inactive for more than 2 years
So long as it is part of his or her duties, is it legal for an
unlicensed assistant to solicit listings for the broker?
A. Yes, if it is part of a written job description
B. No, soliciting listings is the exclusive responsibility of the
broker-in-charge
C. Yes, because he or she is being paid a salary not a commission
D. No, active participation in soliciting real estate business
requires a real estate license - ✔✔✔ correct answer > D. No, active
participation in soliciting real estate business requires a real
estate license
All of the following are following are considered exempt from
licensure and considered to be dealing with their own property,
EXCEPT?
A. the general partners of a partnership
B. the managers of an LLC
