NORTH CAROLINA REAL ESTATE
STATE PORTION EXAM SCRIPT 2026
COMPLETE QUESTIONS AND
ACCURATE ANSWERS
◉ What does Standard 2-T Offer to Purchase and Contract contemplate
what the buyer and seller can negotiate after contract formation?
Answer: what is IN the 2T:
The Offer to Purchase and Contract may not mention commission paid,
... closing costs, personal property included, liens)
Personal property is included in a bill of sale
◉ A dual agent receives multiple offers on his client's listing. His other
buyer client wants to know what the highest offer is.
Who would have to give permission for that information?
- seller
-highest offeror Answer: Licensees may NOT disclose the price or other
material terms contained in a party's offer to purchase, sell, lease, rent,
or to option real property to a competing party without the EXPRESS
authority of the offering party.
so without the offeror's permission the agent could not disclose their
offer
,◉ What terminates tenancy by the entirety?
divorce
partition
legal separation
divorce decree in register of deeds
incapacitated
bankruptcy
one wants to sell their interest Answer: Divorce- Upon divorce, tenancy
by the entirety is terminated because the condition of marriage no longer
exists. The terms of the divorce will dictate what happens to the
property.
Joint Conveyance- Husband and wife can agree to convey title to the
property to a third party. This can be done through gift or deed.
Express or Implied Agreement- Husband and wife can agree to
terminate the tenancy by the entirety. In most cases, a tenancy in
common will be formed.
Death- Upon the death of a spouse, the surviving spouse inherits title to
the whole property.
◉ 1) Broker must keep documents for 3 years from ... Answer: 1)
Broker must keep documents for 3 years from ANYTHING
, Whatever was last to occur
"A licensed real estate broker shall retain for three years copies of all
listings, deposit receipts, canceled checks, trust records, and other
documents executed by him or her or obtained by him or her in
connection with any transactions for which a real estate broker license is
required."
◉ what is designated dual agency? Answer: type of dual agency
Both licensees must work for the same firm
brokers are allowed to advise- unlike regular 'dual agency'
◉ If designated agency occurs, the seller know the name of the
designated agent working with the buyer at... Answer: If designated
agency occurs, the seller must know the name of the designated agent
working with the buyer AT THE TIME THE OFFER IS SUBMITTED
The seller is entitled to know that the offer they have received is from
another agent in the same firm as the listing agent that is representing
them.
◉ A buyer's agent should disclose their agency status to the seller or
seller's agent at... Answer: initial contact
STATE PORTION EXAM SCRIPT 2026
COMPLETE QUESTIONS AND
ACCURATE ANSWERS
◉ What does Standard 2-T Offer to Purchase and Contract contemplate
what the buyer and seller can negotiate after contract formation?
Answer: what is IN the 2T:
The Offer to Purchase and Contract may not mention commission paid,
... closing costs, personal property included, liens)
Personal property is included in a bill of sale
◉ A dual agent receives multiple offers on his client's listing. His other
buyer client wants to know what the highest offer is.
Who would have to give permission for that information?
- seller
-highest offeror Answer: Licensees may NOT disclose the price or other
material terms contained in a party's offer to purchase, sell, lease, rent,
or to option real property to a competing party without the EXPRESS
authority of the offering party.
so without the offeror's permission the agent could not disclose their
offer
,◉ What terminates tenancy by the entirety?
divorce
partition
legal separation
divorce decree in register of deeds
incapacitated
bankruptcy
one wants to sell their interest Answer: Divorce- Upon divorce, tenancy
by the entirety is terminated because the condition of marriage no longer
exists. The terms of the divorce will dictate what happens to the
property.
Joint Conveyance- Husband and wife can agree to convey title to the
property to a third party. This can be done through gift or deed.
Express or Implied Agreement- Husband and wife can agree to
terminate the tenancy by the entirety. In most cases, a tenancy in
common will be formed.
Death- Upon the death of a spouse, the surviving spouse inherits title to
the whole property.
◉ 1) Broker must keep documents for 3 years from ... Answer: 1)
Broker must keep documents for 3 years from ANYTHING
, Whatever was last to occur
"A licensed real estate broker shall retain for three years copies of all
listings, deposit receipts, canceled checks, trust records, and other
documents executed by him or her or obtained by him or her in
connection with any transactions for which a real estate broker license is
required."
◉ what is designated dual agency? Answer: type of dual agency
Both licensees must work for the same firm
brokers are allowed to advise- unlike regular 'dual agency'
◉ If designated agency occurs, the seller know the name of the
designated agent working with the buyer at... Answer: If designated
agency occurs, the seller must know the name of the designated agent
working with the buyer AT THE TIME THE OFFER IS SUBMITTED
The seller is entitled to know that the offer they have received is from
another agent in the same firm as the listing agent that is representing
them.
◉ A buyer's agent should disclose their agency status to the seller or
seller's agent at... Answer: initial contact
