NC State Portion RE Practice Exam Questions With 100% Correct Answers 2025

NC State Portion RE Practice Exam Questions With 100% Correct Answers 2025 A provisional broker would be responsible for all of the following when working for a client, EXCEPT - answer-Disclosing the presence of a sex offender in the immediate area Which of the following services should a property manager avoid? - answer-Establishing a depreciation schedule Once licensed, a provisional broker must: - answer-Complete three thirty-hour postlicense classes to remove provisional status Which of the following is TRUE regarding the due diligence fee and earnest money? - answer-If the buyer terminates during the due diligence period because he changed his mind, he will receive a refund of his earnest money but not his due diligence fee Betty, an independent broker, is working with a buyer customer. Betty failed to review the Working with Real Estate Agents disclosure form. She explains to the buyer that she is working for his best interest and "will help him get the best deal possible" should the buyer purchase one of her firm's listings. In this case: - answer-Betty is acting as an undisclosed dual agent if she shows the buyer one of her firm's listings. A licensed property manage hires a W-2 employee to answer the phone, assist in showing units, preparing leases, collection rent, and security deposits. Which of the following is TRUE? - answer-An unlicensed w-2 employee of a property manager may not negotiate lease price or terms. A broker at ABC Realty forms a team, Best Brokers Team Inc., and takes a listing. Which of the following is TRUE? - answer-The listing agreement must include the name of ABC Realty and Best Brokers, Inc. The listing agent must include a license number. All marketing must include the name of both companies.Oral buyer agency must: - answer-be express. When is the Working with Real Estate Agents disclosure form required in a commercial purchase transaction? - answer-Before learning personal/confidential information A property owner wants to build a house on the only lot in a subdivision that has .98 acres. Under current zoning rules, lots must be at least 1 acre. The owner should request: - answer-variance. A buyer wants to make an offer on a property that is already under contract. In the buyer's offer the broker should include: - answer-a back-up contract