NC REAL ESTATE STATE EXAM STUDY
GUIDE 200 MASTER Q&AS WITH
RATIONALES 2025-2026
This premium study guide features 200 curated multiple-
choice questions with bolded rationales specifically
tailored for the North Carolina real estate state licensing
exam. It delivers high-density coverage of state-specific
laws, NCREC trust account rules, agency relationships,
and the Machinery Act to ensure a passing score.
Perfect for last-minute cramming, this resource
simplifies complex real estate principles into actionable
exam knowledge.
Question 1 (Topic: Working with Real
Estate Agents Disclosure)
,A broker is holding an open house. A
prospective buyer enters and begins detailing
their budget, required square footage, and
moving timeline. According to NCREC rules,
when must the broker review the "Working
with Real Estate Agents" disclosure?
A. Prior to the buyer entering the property
B. Within three days of the open house
C. Immediately, before the buyer shares any
confidential information
D. Only if the buyer decides to write an offer
on the property
,Answer: C
Rationale: NCREC rules state that the
Working with Real Estate Agents
disclosure must be reviewed at "first
substantive contact." First substantive
contact occurs when a consumer begins
to disclose confidential personal, financial,
or motivational information to a broker.
Question 2 (Topic: Trust Account
Deposits)
A Broker-in-Charge (BIC) receives a cash
earnest money deposit from a buyer on a
, Tuesday at 2:00 PM. By what deadline must
this cash deposit be placed into the
escrow/trust account?
A. By 5:00 PM on Friday
B. Within three banking days of receipt
C. Within three calendar days of receipt
D. Immediately, but no later than three
banking days from receipt
Answer: D
Rationale: While standard check deposits
must be deposited within three banking
days from receipt or contract formation,
CASH earnest money must always be
GUIDE 200 MASTER Q&AS WITH
RATIONALES 2025-2026
This premium study guide features 200 curated multiple-
choice questions with bolded rationales specifically
tailored for the North Carolina real estate state licensing
exam. It delivers high-density coverage of state-specific
laws, NCREC trust account rules, agency relationships,
and the Machinery Act to ensure a passing score.
Perfect for last-minute cramming, this resource
simplifies complex real estate principles into actionable
exam knowledge.
Question 1 (Topic: Working with Real
Estate Agents Disclosure)
,A broker is holding an open house. A
prospective buyer enters and begins detailing
their budget, required square footage, and
moving timeline. According to NCREC rules,
when must the broker review the "Working
with Real Estate Agents" disclosure?
A. Prior to the buyer entering the property
B. Within three days of the open house
C. Immediately, before the buyer shares any
confidential information
D. Only if the buyer decides to write an offer
on the property
,Answer: C
Rationale: NCREC rules state that the
Working with Real Estate Agents
disclosure must be reviewed at "first
substantive contact." First substantive
contact occurs when a consumer begins
to disclose confidential personal, financial,
or motivational information to a broker.
Question 2 (Topic: Trust Account
Deposits)
A Broker-in-Charge (BIC) receives a cash
earnest money deposit from a buyer on a
, Tuesday at 2:00 PM. By what deadline must
this cash deposit be placed into the
escrow/trust account?
A. By 5:00 PM on Friday
B. Within three banking days of receipt
C. Within three calendar days of receipt
D. Immediately, but no later than three
banking days from receipt
Answer: D
Rationale: While standard check deposits
must be deposited within three banking
days from receipt or contract formation,
CASH earnest money must always be
