SUPERIOR REAL ESTATE SCHOOL EXAM BANK
- EXAM AND SOLUTIONS| CURRENTLY
TESTING VERSION | ALREADY GRADED
A+|EXPERT VERIFIED FOR GUARANTEED PASS
2026-2027
A corporation selling its own properties through the actions of its own salaried W2
employees:
A. is not required to have a firm license, but may not use its own employees
B. can use its own unlicensed employees, but must have a firm license
C. needs neither a firm license nor do its employees need to be licensed
D. need not have a license, but must affiliate with an NC broker-in-charge
C. needs neither a firm license nor do its employees need to be licensed
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
B. has no role in fees or commissions
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,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
D. Be a resident of North Carolina
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.
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
B. If the license was expired for a period of more than 6 months
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,C. If the license was surrendered or revoked for any period of time
D. If the license was inactive for more than 2 years
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
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
C. the officers, directors and W2 salaried employees of a corporation
D. a sole proprietor and their W2 salaried employees
D. a sole proprietor and their W2 salaried employees
A provisional broker obtains their NC real estate license on April 15th and joins a real estate
firm. In order to remain active, the broker must pay the renewal fee to the NC Real Estate
Commission on or before:
A. June 30 of the current year
B. June 30 of the following year
C. June 10 of the current year
D. December 31 of the current year
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, A. June 30 of the current year
All of the following are true under the NC Condominium Act, EXCEPT:
A. the units are usually separately taxed and assessed
B. there must be a unit owner's association prior to the transfer of the first unit
C. a unit owner is prohibited from ownership of land and must take only title to their
individual unit.
D. if the buyer cancels within the 7 day rescission period all money must be returned
promptly with no penalty
C. a unit owner is prohibited from ownership of land and must take only title to their
individual unit.
In a NC condominium project, only certain owners have reserved parking spaces and
garages. Under the NC Condominium Act, these areas would be known as:
A. Shared special assessments
B. Limited condo areas
C. Areas owned by the condominium owners association
D. Exclusive rights areas
B. Limited condo areas
How long does a provisional broker have to activate their license from the date of
licensure?
A. 180 days
B. there is no required time period for license activation
C. 30 days
D. 1 year from the date of licensure
B. there is no required time period for license activation
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- EXAM AND SOLUTIONS| CURRENTLY
TESTING VERSION | ALREADY GRADED
A+|EXPERT VERIFIED FOR GUARANTEED PASS
2026-2027
A corporation selling its own properties through the actions of its own salaried W2
employees:
A. is not required to have a firm license, but may not use its own employees
B. can use its own unlicensed employees, but must have a firm license
C. needs neither a firm license nor do its employees need to be licensed
D. need not have a license, but must affiliate with an NC broker-in-charge
C. needs neither a firm license nor do its employees need to be licensed
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
B. has no role in fees or commissions
1|Page
,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
D. Be a resident of North Carolina
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.
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
B. If the license was expired for a period of more than 6 months
2|Page
,C. If the license was surrendered or revoked for any period of time
D. If the license was inactive for more than 2 years
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
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
C. the officers, directors and W2 salaried employees of a corporation
D. a sole proprietor and their W2 salaried employees
D. a sole proprietor and their W2 salaried employees
A provisional broker obtains their NC real estate license on April 15th and joins a real estate
firm. In order to remain active, the broker must pay the renewal fee to the NC Real Estate
Commission on or before:
A. June 30 of the current year
B. June 30 of the following year
C. June 10 of the current year
D. December 31 of the current year
3|Page
, A. June 30 of the current year
All of the following are true under the NC Condominium Act, EXCEPT:
A. the units are usually separately taxed and assessed
B. there must be a unit owner's association prior to the transfer of the first unit
C. a unit owner is prohibited from ownership of land and must take only title to their
individual unit.
D. if the buyer cancels within the 7 day rescission period all money must be returned
promptly with no penalty
C. a unit owner is prohibited from ownership of land and must take only title to their
individual unit.
In a NC condominium project, only certain owners have reserved parking spaces and
garages. Under the NC Condominium Act, these areas would be known as:
A. Shared special assessments
B. Limited condo areas
C. Areas owned by the condominium owners association
D. Exclusive rights areas
B. Limited condo areas
How long does a provisional broker have to activate their license from the date of
licensure?
A. 180 days
B. there is no required time period for license activation
C. 30 days
D. 1 year from the date of licensure
B. there is no required time period for license activation
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