NC Real Estate Exam comprehensive questions fully solved &
updated (Latest Update 2026) UPDATE!!
General Lien - (ANSWERS)claim against all property of the owner, both
real and personal property
Valid Contract - (ANSWERS)contract is binding AND enforceable
With Reserve - (ANSWERS)seller holds the right to stop bidding and retain
the property
Without Reserve - (ANSWERS)seller waives the right to stop the bidding
Rescission - (ANSWERS)property different from represented
Duties to Principals - (ANSWERS)Obedience
Loyalty
Disclosure
Confidentiality
Accounting
Reasonable skill and care
Obedience and Loyalty - (ANSWERS)must comply with all lawful
,NC Real Estate Exam comprehensive questions fully solved &
updated (Latest Update 2026) UPDATE!!
instructions that are consistent with the agency agreement
must put client interest above your own
Soliciting Listings - (ANSWERS)DO NOT CALL
cannot "cold" call expired listings of another broker/firm
Fine is up to $11,000 per call (federal) and up to $500 per call through the
state attorney general
Written agency agreements - (ANSWERS)must be for a stated definite
period of time
must contained prescribed nondiscriminatory language
Government Survey System - (ANSWERS)36 sections in a township
640 acres in a section
16 - school is typically located in this section
,NC Real Estate Exam comprehensive questions fully solved &
updated (Latest Update 2026) UPDATE!!
Synthetic Stucco - (ANSWERS)exterior finish product also known as
exterior insulating and finishing system
water is not absorbed or released
becomes trapped in the walls
must disclose, even if removed
Lead-Based Paint Disclosure - (ANSWERS)For homes built prior to 1978
must be provide a copy of "protect your family from lead in your home"
Buyer has to evaluate during due diligence at the buyer's expense
Material fact - (ANSWERS)must be disclosed immediately to all parties
have a duty to perform visual inspection looking for defects and request
property disclosure
Patent - (ANSWERS)plainly visible
, NC Real Estate Exam comprehensive questions fully solved &
updated (Latest Update 2026) UPDATE!!
Latent - (ANSWERS)hidden
Accounting - (ANSWERS)must maintain accurate records about
transactions
must account for all funds handled by broker which the principal has an
interest
retain records for at least 3 years
Living Area - (ANSWERS)Heated, Finished, Directly Accessible
Commission Composition - (ANSWERS)9 members
7 appointed by the governor, 1 by Speaker of the House, 1 Senate Pro-Tem
at least 3 must be brokers
at least 2 cannot be involved directly or indirectly in real estate
License Renewal - (ANSWERS)All licenses expire on June 30th following
the data of issuance
updated (Latest Update 2026) UPDATE!!
General Lien - (ANSWERS)claim against all property of the owner, both
real and personal property
Valid Contract - (ANSWERS)contract is binding AND enforceable
With Reserve - (ANSWERS)seller holds the right to stop bidding and retain
the property
Without Reserve - (ANSWERS)seller waives the right to stop the bidding
Rescission - (ANSWERS)property different from represented
Duties to Principals - (ANSWERS)Obedience
Loyalty
Disclosure
Confidentiality
Accounting
Reasonable skill and care
Obedience and Loyalty - (ANSWERS)must comply with all lawful
,NC Real Estate Exam comprehensive questions fully solved &
updated (Latest Update 2026) UPDATE!!
instructions that are consistent with the agency agreement
must put client interest above your own
Soliciting Listings - (ANSWERS)DO NOT CALL
cannot "cold" call expired listings of another broker/firm
Fine is up to $11,000 per call (federal) and up to $500 per call through the
state attorney general
Written agency agreements - (ANSWERS)must be for a stated definite
period of time
must contained prescribed nondiscriminatory language
Government Survey System - (ANSWERS)36 sections in a township
640 acres in a section
16 - school is typically located in this section
,NC Real Estate Exam comprehensive questions fully solved &
updated (Latest Update 2026) UPDATE!!
Synthetic Stucco - (ANSWERS)exterior finish product also known as
exterior insulating and finishing system
water is not absorbed or released
becomes trapped in the walls
must disclose, even if removed
Lead-Based Paint Disclosure - (ANSWERS)For homes built prior to 1978
must be provide a copy of "protect your family from lead in your home"
Buyer has to evaluate during due diligence at the buyer's expense
Material fact - (ANSWERS)must be disclosed immediately to all parties
have a duty to perform visual inspection looking for defects and request
property disclosure
Patent - (ANSWERS)plainly visible
, NC Real Estate Exam comprehensive questions fully solved &
updated (Latest Update 2026) UPDATE!!
Latent - (ANSWERS)hidden
Accounting - (ANSWERS)must maintain accurate records about
transactions
must account for all funds handled by broker which the principal has an
interest
retain records for at least 3 years
Living Area - (ANSWERS)Heated, Finished, Directly Accessible
Commission Composition - (ANSWERS)9 members
7 appointed by the governor, 1 by Speaker of the House, 1 Senate Pro-Tem
at least 3 must be brokers
at least 2 cannot be involved directly or indirectly in real estate
License Renewal - (ANSWERS)All licenses expire on June 30th following
the data of issuance
