age 1 of 136
NC State Portion Study Real Estate FINAL EXAM PREP
2025/2026 ACCURATE QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES || 100%
GUARANTEED PASS <RECENT VERSION>
North Carolina Vacation Rental Act .......Answer.........modeled
after the Residential Agreements Act, it establishes uniform rules
for landlords, tenants, and their agents involved in the handling
of short-term rentals under 90 days in length where tenant has
primary residence elsewhere.
broker-in-charge .......Answer.........the full broker responsible for
notifying the NC Real Estate Commission of changes, maintaining
the trust account; maintaining all transactions properly and
supervising all provisional brokers; required for each brokerage
firm and branch office B605
,age 2 of 136
caveat emptor .......Answer.........let the buyer beware - directing
a buyer to diligently investigate a property so they may
determine its condition and suitability.
How many members of the North Carolina Real Estate
Commission shall be licensed real estate brokers?
.......Answer.........3
N.C.G.S. 93A-3(a) .......Answer.........states that three of the nine
Real Estate Commission members must possess a real estate
broker license. 7 members are appointed by the governor and
2 are appointed by the general assembly
A Real Estate Broker must complete how many hours of
continuing education to maintain active status
.......Answer.........eight hours
,age 3 of 136
How many years of real estate brokerage experience must a
licensee possesses in order to be qualified to serve as a broker-
in-charge? .......Answer.........Two years of full time service
non-provisional broker .......Answer.........This is the entry-level title
for a North Carolina real estate career. Once you complete the
required education, pass the state exam, and earn your license,
you become a provisional broker. You can perform all of the
same activities of a broker, but you must be supervised by a
broker-in-charge. You cannot operate independently. In order to
remove the provisional status of your license, you must complete
90 hours of postlicensing education, as prescribed by the state,
within a 3-year period.
Commission rule 58A.0105 .......Answer.........a broker shall not
advertise or display a "for sale" or "for rent" sign on any real
, age 4 of 136
estate without the written consent of the owner or the owner's
authorized agent.
What is the maximum amount a provisional broker may charge
when preparing a comparative market analysis (CMA) or broker
price opinion (BPO) for a customer or client?
.......Answer.........Brokers on provisional status may not collect a
fee for the creation of a CMA or BPO unless at the request of a
potential seller.
Provisional Broker .......Answer.........The most common real estate
license type in North Carolina is a real estate broker license. As
a broker, you are able to engage in brokerage if you work for
a licensed real estate brokerage firm or another sole proprietor
broker/broker-in-charge. You may also operate as a sole
proprietor, but only if you're not engaging in activities that
require a broker-in-charge.
NC State Portion Study Real Estate FINAL EXAM PREP
2025/2026 ACCURATE QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES || 100%
GUARANTEED PASS <RECENT VERSION>
North Carolina Vacation Rental Act .......Answer.........modeled
after the Residential Agreements Act, it establishes uniform rules
for landlords, tenants, and their agents involved in the handling
of short-term rentals under 90 days in length where tenant has
primary residence elsewhere.
broker-in-charge .......Answer.........the full broker responsible for
notifying the NC Real Estate Commission of changes, maintaining
the trust account; maintaining all transactions properly and
supervising all provisional brokers; required for each brokerage
firm and branch office B605
,age 2 of 136
caveat emptor .......Answer.........let the buyer beware - directing
a buyer to diligently investigate a property so they may
determine its condition and suitability.
How many members of the North Carolina Real Estate
Commission shall be licensed real estate brokers?
.......Answer.........3
N.C.G.S. 93A-3(a) .......Answer.........states that three of the nine
Real Estate Commission members must possess a real estate
broker license. 7 members are appointed by the governor and
2 are appointed by the general assembly
A Real Estate Broker must complete how many hours of
continuing education to maintain active status
.......Answer.........eight hours
,age 3 of 136
How many years of real estate brokerage experience must a
licensee possesses in order to be qualified to serve as a broker-
in-charge? .......Answer.........Two years of full time service
non-provisional broker .......Answer.........This is the entry-level title
for a North Carolina real estate career. Once you complete the
required education, pass the state exam, and earn your license,
you become a provisional broker. You can perform all of the
same activities of a broker, but you must be supervised by a
broker-in-charge. You cannot operate independently. In order to
remove the provisional status of your license, you must complete
90 hours of postlicensing education, as prescribed by the state,
within a 3-year period.
Commission rule 58A.0105 .......Answer.........a broker shall not
advertise or display a "for sale" or "for rent" sign on any real
, age 4 of 136
estate without the written consent of the owner or the owner's
authorized agent.
What is the maximum amount a provisional broker may charge
when preparing a comparative market analysis (CMA) or broker
price opinion (BPO) for a customer or client?
.......Answer.........Brokers on provisional status may not collect a
fee for the creation of a CMA or BPO unless at the request of a
potential seller.
Provisional Broker .......Answer.........The most common real estate
license type in North Carolina is a real estate broker license. As
a broker, you are able to engage in brokerage if you work for
a licensed real estate brokerage firm or another sole proprietor
broker/broker-in-charge. You may also operate as a sole
proprietor, but only if you're not engaging in activities that
require a broker-in-charge.
