1
CE SHOP PRACTICE EXAM -2024- LATEST
UPDATES ACTUAL QUESTIONS AND CORRECT
ANSWERS ALREADY GRADED A+
GUARANTEED SUCCESS
A North Carolina broker advertises a home as having 1,500 square feet of living
area, when the home only had 1,000 square feet of living area. Which of the
following parties could face disciplinary action from the real estate commission for
misrepresentation?
The broker, the managing broker, and the firm
Which of these ads complies with applicable laws and commission rules?
Move-in ready 3 bed/1 bath, 1,200 sq. ft. house in Smoky Hills subdivision.
$140,000. Call Mountainview Real Estate today at 555-1122.
Which of the following statements regarding North Carolina trust accounts is
TRUE?
A North Carolina property manager who holds security deposits for tenants must
have a trust account.
, 2
Under which of the following provisions of the North Carolina Offer to Purchase
and Contract, Standard Form 2-T, does the buyer have the opportunity to investigate
the property and cancel the transaction for any reason or no reason?
Due Diligence
In North Carolina, which of the following describes a situation in which a broker
who’s in charge of a trust account would be permitted to disburse disputed trust
funds?
The broker receives a written release from both parties to disburse the funds.
When should a North Carolina broker give their seller client a copy of the signed
listing agreement?
Within three days of execution of the listing agreement
What would be charged against a broker who neglected to include the dates for a due
diligence period in a contract, causing the transaction to fail?
Acted incompetently
A North Carolina landlord wants the tenants in apartment 2B to move out. The
tenants have not breached their lease and pay their rent on time, so the landlord shuts
off water to their apartment to try to force them out. Which of the following is TRUE
of this situation?
This is an example of self-help eviction, and it’s prohibited in North Carolina.
, 3
Which of the following cases would require an active North Carolina real estate
license?
A woman advertises and sells a relative's property and receives $200 compensation.
A North Carolina broker's clients sued him after he'd insisted the house they ended
up buying had no history of flooding. Heavy storms hit, and the basement flooded,
causing more than $50,000 in damages. The buyers learned the seller had told the
buyer agent about prior flooding, and this information was not disclosed. The course
convicted the broker. Why must the broker notify the North Carolina Real Estate
Commission of his conviction?
Convictions must be reported within 60 days of conviction.
A North Carolina broker knows that the public road behind her listing is about to be
widened into a highway next year. Which of the following is TRUE of the listing
agent?
The agent must volunteer this information to all prospective buyers.
A North Carolina tenant moved out of a rental house on March 1. How long does
her landlord have to refund the security deposit and provide an itemized list of
deductions?
30 days
CE SHOP PRACTICE EXAM -2024- LATEST
UPDATES ACTUAL QUESTIONS AND CORRECT
ANSWERS ALREADY GRADED A+
GUARANTEED SUCCESS
A North Carolina broker advertises a home as having 1,500 square feet of living
area, when the home only had 1,000 square feet of living area. Which of the
following parties could face disciplinary action from the real estate commission for
misrepresentation?
The broker, the managing broker, and the firm
Which of these ads complies with applicable laws and commission rules?
Move-in ready 3 bed/1 bath, 1,200 sq. ft. house in Smoky Hills subdivision.
$140,000. Call Mountainview Real Estate today at 555-1122.
Which of the following statements regarding North Carolina trust accounts is
TRUE?
A North Carolina property manager who holds security deposits for tenants must
have a trust account.
, 2
Under which of the following provisions of the North Carolina Offer to Purchase
and Contract, Standard Form 2-T, does the buyer have the opportunity to investigate
the property and cancel the transaction for any reason or no reason?
Due Diligence
In North Carolina, which of the following describes a situation in which a broker
who’s in charge of a trust account would be permitted to disburse disputed trust
funds?
The broker receives a written release from both parties to disburse the funds.
When should a North Carolina broker give their seller client a copy of the signed
listing agreement?
Within three days of execution of the listing agreement
What would be charged against a broker who neglected to include the dates for a due
diligence period in a contract, causing the transaction to fail?
Acted incompetently
A North Carolina landlord wants the tenants in apartment 2B to move out. The
tenants have not breached their lease and pay their rent on time, so the landlord shuts
off water to their apartment to try to force them out. Which of the following is TRUE
of this situation?
This is an example of self-help eviction, and it’s prohibited in North Carolina.
, 3
Which of the following cases would require an active North Carolina real estate
license?
A woman advertises and sells a relative's property and receives $200 compensation.
A North Carolina broker's clients sued him after he'd insisted the house they ended
up buying had no history of flooding. Heavy storms hit, and the basement flooded,
causing more than $50,000 in damages. The buyers learned the seller had told the
buyer agent about prior flooding, and this information was not disclosed. The course
convicted the broker. Why must the broker notify the North Carolina Real Estate
Commission of his conviction?
Convictions must be reported within 60 days of conviction.
A North Carolina broker knows that the public road behind her listing is about to be
widened into a highway next year. Which of the following is TRUE of the listing
agent?
The agent must volunteer this information to all prospective buyers.
A North Carolina tenant moved out of a rental house on March 1. How long does
her landlord have to refund the security deposit and provide an itemized list of
deductions?
30 days
