Verified Questions with Correct
This is Superior School of Real Estate final exam for the North Carolina Pre-licensing course It is a
comprehensive assessment designed to simulate the state licensing exam. For the 2024/2025 cycle,
the school exam follows these core parameters:
Exam Structure & Format
Total Questions: 112 multiple-choice questions.
Format: Online and proctored to ensure academic integrity.
Time Limit: Generally between 2 to 4 hours, though students are encouraged to pace themselves for
both national and state-specific content.
Passing Score: Typically 70% to 75%, mirroring North Carolina’s state requirement of 75%.
Key Subject Areas
The exam is divided into seven major sections, with a heavy emphasis on several critical chapters:
Core Chapters: Roughly 79 of the 120 potential questions (in broader prep materials) typically
come from Chapters 7, 8, 9, and 11, along with NC License Law.
Major Categories:
Contracts and Agency: Includes fiduciary relationships, the Statue of Frauds, and listing agreements
(approx. 16 questions in some versions).
Property Ownership: Covering estates, concurrent ownership, and government rights like eminent
domain.
Valuation & Appraisal: Comparing properties and performing CMAs (approx. 11 questions).
Financing: Loan-to-value ratios, interest calculations, and closing statement entries (debits/credits).
Real Estate Practice: General brokerage, property management, and ethics (approx. 14 questions).
Math Requirements
The exam contains roughly 8-10 math questions. Key concepts frequently tested include:
1
, Area/Land Measurements: Knowing that 1 acre = 43,560 sq. ft..
Financial Calculations: Loan origination fees, discount points, net sheet calculations (e.g., seller's net),
and excise tax ($1 per $500 of value in NC).
Closings: Prorating property taxes and interest.
Study Tips from Past Students
High-Yield Topics: Focus heavily on NC License Law, Agency, and Contracts, as these carry the most
weight.
Question Style: Be prepared for "BEST answer" scenarios where more than one option may seem
correct, but one is most accurate under NCREC rules.
Proctored Prep: Students often use study bundles or "CRAM" classes to practice with updated
2024/2025 question sets that focus on difficult concepts like First Substantial Contact and Statute
of Frauds.
Quiz_________________?
A. $195,500 -
ANSWER✅
In the sales comparison approach, what is the indication of value for the subject property
with the information given? The subject property is a 2,000 square foot home with 3
bedrooms, 2.5 baths and a 1- car garage. The comparable property is a 2,150 square foot
home in the same neighborhood with 3 bedrooms, 2 full baths and a 2 car garage. The
comparable property sold for $215,000 last week. The market values additional square
footage at $80 per square foot; full baths are valued at $4,000 and half baths at $2,500; 2-car
garages are worth an additional $10,000 over a 1-car garage.
A. $195,500
B. $200,500
C. $203,000
D. $229,500
2
, Quiz_________________?
A. a corporation that owns property and is using an employee to sell the property -
ANSWER✅
Which of the following do not need a real estate license to sell property?
A. a corporation that owns property and is using an employee to sell the property
B. an auction house that deals in the sale of real property
C. an attorney who regularly and routinely assists others in the buying and selling of real
property
D. an unlicensed assistant sitting in an open house
Quiz_________________?
A. a unilateral contract -
ANSWER✅
A man has posted a $100 reward for anyone who returns his missing dog. This is an
example of:
A. a unilateral contract
B. a bilateral contract
C. an implied contract
D. an executed contract
Quiz_________________?
A. Accretion -
ANSWER✅
The concept by which land would increase automatically along a river or stream is known
as:
3
, A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction
Quiz_________________?
A. Accretion -
ANSWER✅
Which of the following adds land due to natural changes along non-navigable streams?
A. Accretion
B. Avulsion
C. Erosion
D. Reliction
Quiz_________________?
A. All agents in the transaction should facilitate the timely delivery of the property
disclosure report to the buyer. -
ANSWER✅
Which of the following is TRUE about the North Carolina Residential Property Disclosure
Act?
A. All agents in the transaction should facilitate the timely delivery of the property
disclosure report to the buyer.
B. The property owner should disclose the condition of the listed property or be subject to
a 3-day rescission period on any contract formed.
C. All residential sellers are exempt from this act unless a broker is not involved in the
transaction.
4
This is Superior School of Real Estate final exam for the North Carolina Pre-licensing course It is a
comprehensive assessment designed to simulate the state licensing exam. For the 2024/2025 cycle,
the school exam follows these core parameters:
Exam Structure & Format
Total Questions: 112 multiple-choice questions.
Format: Online and proctored to ensure academic integrity.
Time Limit: Generally between 2 to 4 hours, though students are encouraged to pace themselves for
both national and state-specific content.
Passing Score: Typically 70% to 75%, mirroring North Carolina’s state requirement of 75%.
Key Subject Areas
The exam is divided into seven major sections, with a heavy emphasis on several critical chapters:
Core Chapters: Roughly 79 of the 120 potential questions (in broader prep materials) typically
come from Chapters 7, 8, 9, and 11, along with NC License Law.
Major Categories:
Contracts and Agency: Includes fiduciary relationships, the Statue of Frauds, and listing agreements
(approx. 16 questions in some versions).
Property Ownership: Covering estates, concurrent ownership, and government rights like eminent
domain.
Valuation & Appraisal: Comparing properties and performing CMAs (approx. 11 questions).
Financing: Loan-to-value ratios, interest calculations, and closing statement entries (debits/credits).
Real Estate Practice: General brokerage, property management, and ethics (approx. 14 questions).
Math Requirements
The exam contains roughly 8-10 math questions. Key concepts frequently tested include:
1
, Area/Land Measurements: Knowing that 1 acre = 43,560 sq. ft..
Financial Calculations: Loan origination fees, discount points, net sheet calculations (e.g., seller's net),
and excise tax ($1 per $500 of value in NC).
Closings: Prorating property taxes and interest.
Study Tips from Past Students
High-Yield Topics: Focus heavily on NC License Law, Agency, and Contracts, as these carry the most
weight.
Question Style: Be prepared for "BEST answer" scenarios where more than one option may seem
correct, but one is most accurate under NCREC rules.
Proctored Prep: Students often use study bundles or "CRAM" classes to practice with updated
2024/2025 question sets that focus on difficult concepts like First Substantial Contact and Statute
of Frauds.
Quiz_________________?
A. $195,500 -
ANSWER✅
In the sales comparison approach, what is the indication of value for the subject property
with the information given? The subject property is a 2,000 square foot home with 3
bedrooms, 2.5 baths and a 1- car garage. The comparable property is a 2,150 square foot
home in the same neighborhood with 3 bedrooms, 2 full baths and a 2 car garage. The
comparable property sold for $215,000 last week. The market values additional square
footage at $80 per square foot; full baths are valued at $4,000 and half baths at $2,500; 2-car
garages are worth an additional $10,000 over a 1-car garage.
A. $195,500
B. $200,500
C. $203,000
D. $229,500
2
, Quiz_________________?
A. a corporation that owns property and is using an employee to sell the property -
ANSWER✅
Which of the following do not need a real estate license to sell property?
A. a corporation that owns property and is using an employee to sell the property
B. an auction house that deals in the sale of real property
C. an attorney who regularly and routinely assists others in the buying and selling of real
property
D. an unlicensed assistant sitting in an open house
Quiz_________________?
A. a unilateral contract -
ANSWER✅
A man has posted a $100 reward for anyone who returns his missing dog. This is an
example of:
A. a unilateral contract
B. a bilateral contract
C. an implied contract
D. an executed contract
Quiz_________________?
A. Accretion -
ANSWER✅
The concept by which land would increase automatically along a river or stream is known
as:
3
, A. Accretion
B. Littoral Rights
C. Avulsion
D. Reliction
Quiz_________________?
A. Accretion -
ANSWER✅
Which of the following adds land due to natural changes along non-navigable streams?
A. Accretion
B. Avulsion
C. Erosion
D. Reliction
Quiz_________________?
A. All agents in the transaction should facilitate the timely delivery of the property
disclosure report to the buyer. -
ANSWER✅
Which of the following is TRUE about the North Carolina Residential Property Disclosure
Act?
A. All agents in the transaction should facilitate the timely delivery of the property
disclosure report to the buyer.
B. The property owner should disclose the condition of the listed property or be subject to
a 3-day rescission period on any contract formed.
C. All residential sellers are exempt from this act unless a broker is not involved in the
transaction.
4
