1
NORTH CALORINA 75 HOUR BROKER PRE-
LICENSING COURSE EXAM LATEST UPDATES
ACTUAL QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+ GUARANTEED SUCCESS
Eight
Cory is a North Carolina licensee. He's required to complete ______ hours of
continuing education every year.
10 days
North Carolina licensees must notify NCREC in writing of any name or address
change within ______.
NCHRC
Which agency in North Carolina enforces fair housing law?
He must complete and pass the 12-hour broker-in-charge course.
Marco has been a licensed and active real estate broker in North Carolina for the past
three years. What will make him eligible for broker-in-charge status?
Indemnity
When buyer Jay signed the North Carolina Offer to Purchase and Contract, Standard
Form 2-T, he agreed to hold the seller harmless for any damage that Jay's contractors
caused on the property during their property inspection. Under which provision is
this covered?
Trust money
The NCREC defines ______ as "all moneys received by a broker acting in his or her
fiduciary capacity."
, 2
10 days
How many days does a broker-in-charge have to notify NCREC after a licensee
changes firms?
Randy, a landlord, requires a credit check on all potential tenants, no matter their
national origin.
Which of the following actions does NOT violate fair housing laws?
Jennifer cannot be appointed as the designated agent for the buyer.
North Carolina brokerage House Savvy is acting as a dual agent in a transaction.
When Jennifer, one of the firm's brokers, walked into a room where the seller was
on the phone, she heard the seller say he'd be willing to take $5,000 less than the
listing price. Which of the following is true of this situation?
When the primary contract is terminated or performed
When the buyer and seller use the Back-Up Contract Addendum, they can complete
and sign the standard Offer to Purchase and Contract, Standard Form 2-T, and then
attach the addendum to that contract. When does the back-up contract stop being in
the secondary position?
Hold an active broker's license
Which of the following is a requirement for broker-in-charge eligibility in North
Carolina?
Within a timeframe that allows a reasonable person to make a decision based on the
information
George is a North Carolina broker representing a seller client in a real estate
transaction. For the purposes of disclosing the terms of his compensation for the
transaction, which of the following best describes the "timely manner" in which he'll
need to provide said disclosure?
Zoning powers are given to municipalities by North Carolina's Agricultural
Development and Farmland Preservation Enabling Act.
Which of the following statements about zoning in North Carolina is true?
The licensee
Who should measure the square footage of a client's property in North Carolina?
, 3
Shelley accepted a thank you gift of $5,000 from her neighbor.
Shelley helped her neighbor sell his home by assisting with the negotiations. What's
the primary reason Shelley needs to have a license in this situation?
An excise tax
Sherry is selling her North Carolina home to Abigail. Which of the following will
be triggered by the transfer?
Tenancy by the entirety
Which of the following is a type of joint tenancy that's only available to married
buyers in North Carolina?
She must safeguard the check until she delivers it to Marilyn or the designated
escrow agent within three business days of the contract's acceptance.
North Carolina broker Meg was working with optionee Eddie. After Eddie and
optionor Marilyn signed the option contract, Eddie gave Meg a check for the option
fee. Which of the following is Meg's responsibility?
Agricultural use
Which of these is NOT a part of the total circumstances test?
Turn the funds over to a clerk of the superior court in the county where the property
is located
Jeremy and Charlie are in a heated dispute over escrow funds that North Carolina
broker Amelia is holding in a trust account. Since they can't reach an agreement,
Amelia may _____.
Provide legal advice.
Which of the following should North Carolina brokers be careful NOT to do when
working with a closing statement?
This ad isn't permissible because it doesn't indicate that it's the advertisement of a
broker or brokerage firm.
North Carolina broker Finn ran an ad for his client Sonny's three-bedroom house.
The ad gave a brief property description, Fin
A licensee making false promises, which violates license law
, 4
A North Carolina licensee told a seller that he had several buyers who would make
an immediate offer on the seller's property. No such prospective buyers existed, but
the seller chose to list with the licensee on the basis of this misinformation. This
describes ______.
Three years
For how long must North Carolina brokers retain records of all sales, rentals, and
other transactions?
Prohibited
Commingling and conversion are _____ in North Carolina.
Prohibited
Blind ads are _______ in North Carolina.
An attorney or financial institution
An independent escrow agent must deposit and maintain the purchaser's payments
in an insured trust or escrow account in a federally insured depository institution or
a North Carolina trust institution. As defined in the North Carolina Time Share Act,
an independent escrow agent is _______ in North Carolina.
Deed of trust
Which of the following legal forms is NOT acceptable for a North Carolina licensee
to fill in, even if it's pre-printed?
Hear both sides of the dispute and decide the final disposition of the funds.
In North Carolina, when two transaction principals are in a dispute over disposition
of earnest money a broker is holding, which one of the following is NOT among the
options that the broker has in handling the disputed funds?
Let me ask that buyer if I can share that with you."
North Carolina buyer Anthony has fallen in love with Renee's listing and, in an effort
to make sure he beats out any other offers, he asks Renee the amount of the highest
offer that she's received for the house. How should Renee respond?
Three years
Gilbert, a North Carolina broker, just finished his first real estate transaction. How
long do the documents related to this transaction need to be saved?
NORTH CALORINA 75 HOUR BROKER PRE-
LICENSING COURSE EXAM LATEST UPDATES
ACTUAL QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+ GUARANTEED SUCCESS
Eight
Cory is a North Carolina licensee. He's required to complete ______ hours of
continuing education every year.
10 days
North Carolina licensees must notify NCREC in writing of any name or address
change within ______.
NCHRC
Which agency in North Carolina enforces fair housing law?
He must complete and pass the 12-hour broker-in-charge course.
Marco has been a licensed and active real estate broker in North Carolina for the past
three years. What will make him eligible for broker-in-charge status?
Indemnity
When buyer Jay signed the North Carolina Offer to Purchase and Contract, Standard
Form 2-T, he agreed to hold the seller harmless for any damage that Jay's contractors
caused on the property during their property inspection. Under which provision is
this covered?
Trust money
The NCREC defines ______ as "all moneys received by a broker acting in his or her
fiduciary capacity."
, 2
10 days
How many days does a broker-in-charge have to notify NCREC after a licensee
changes firms?
Randy, a landlord, requires a credit check on all potential tenants, no matter their
national origin.
Which of the following actions does NOT violate fair housing laws?
Jennifer cannot be appointed as the designated agent for the buyer.
North Carolina brokerage House Savvy is acting as a dual agent in a transaction.
When Jennifer, one of the firm's brokers, walked into a room where the seller was
on the phone, she heard the seller say he'd be willing to take $5,000 less than the
listing price. Which of the following is true of this situation?
When the primary contract is terminated or performed
When the buyer and seller use the Back-Up Contract Addendum, they can complete
and sign the standard Offer to Purchase and Contract, Standard Form 2-T, and then
attach the addendum to that contract. When does the back-up contract stop being in
the secondary position?
Hold an active broker's license
Which of the following is a requirement for broker-in-charge eligibility in North
Carolina?
Within a timeframe that allows a reasonable person to make a decision based on the
information
George is a North Carolina broker representing a seller client in a real estate
transaction. For the purposes of disclosing the terms of his compensation for the
transaction, which of the following best describes the "timely manner" in which he'll
need to provide said disclosure?
Zoning powers are given to municipalities by North Carolina's Agricultural
Development and Farmland Preservation Enabling Act.
Which of the following statements about zoning in North Carolina is true?
The licensee
Who should measure the square footage of a client's property in North Carolina?
, 3
Shelley accepted a thank you gift of $5,000 from her neighbor.
Shelley helped her neighbor sell his home by assisting with the negotiations. What's
the primary reason Shelley needs to have a license in this situation?
An excise tax
Sherry is selling her North Carolina home to Abigail. Which of the following will
be triggered by the transfer?
Tenancy by the entirety
Which of the following is a type of joint tenancy that's only available to married
buyers in North Carolina?
She must safeguard the check until she delivers it to Marilyn or the designated
escrow agent within three business days of the contract's acceptance.
North Carolina broker Meg was working with optionee Eddie. After Eddie and
optionor Marilyn signed the option contract, Eddie gave Meg a check for the option
fee. Which of the following is Meg's responsibility?
Agricultural use
Which of these is NOT a part of the total circumstances test?
Turn the funds over to a clerk of the superior court in the county where the property
is located
Jeremy and Charlie are in a heated dispute over escrow funds that North Carolina
broker Amelia is holding in a trust account. Since they can't reach an agreement,
Amelia may _____.
Provide legal advice.
Which of the following should North Carolina brokers be careful NOT to do when
working with a closing statement?
This ad isn't permissible because it doesn't indicate that it's the advertisement of a
broker or brokerage firm.
North Carolina broker Finn ran an ad for his client Sonny's three-bedroom house.
The ad gave a brief property description, Fin
A licensee making false promises, which violates license law
, 4
A North Carolina licensee told a seller that he had several buyers who would make
an immediate offer on the seller's property. No such prospective buyers existed, but
the seller chose to list with the licensee on the basis of this misinformation. This
describes ______.
Three years
For how long must North Carolina brokers retain records of all sales, rentals, and
other transactions?
Prohibited
Commingling and conversion are _____ in North Carolina.
Prohibited
Blind ads are _______ in North Carolina.
An attorney or financial institution
An independent escrow agent must deposit and maintain the purchaser's payments
in an insured trust or escrow account in a federally insured depository institution or
a North Carolina trust institution. As defined in the North Carolina Time Share Act,
an independent escrow agent is _______ in North Carolina.
Deed of trust
Which of the following legal forms is NOT acceptable for a North Carolina licensee
to fill in, even if it's pre-printed?
Hear both sides of the dispute and decide the final disposition of the funds.
In North Carolina, when two transaction principals are in a dispute over disposition
of earnest money a broker is holding, which one of the following is NOT among the
options that the broker has in handling the disputed funds?
Let me ask that buyer if I can share that with you."
North Carolina buyer Anthony has fallen in love with Renee's listing and, in an effort
to make sure he beats out any other offers, he asks Renee the amount of the highest
offer that she's received for the house. How should Renee respond?
Three years
Gilbert, a North Carolina broker, just finished his first real estate transaction. How
long do the documents related to this transaction need to be saved?
