North Carolina Real
Estate Final Exam
Questions And Correct
Answers (Verified
Answers) Plus
Rationales 2025/2026
Q&A | Instant
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1. Which entity regulates real estate brokers in North
Carolina?
A. FHA
B. North Carolina Real Estate Commission
C. HUD
D. County Clerk
,The NC Real Estate Commission licenses and regulates
brokers.
2. A broker must renew their license every:
A. 1 year
B. 2 years
C. 3 years
D. 5 years
NC licenses are renewed every two years.
3. Which contract is required to be in writing under the
Statute of Frauds?
A. Oral lease under 1 year
B. Real estate sale contract
C. Open listing
D. Employment agreement
Real estate sales contracts must be written to be
enforceable.
4. The fiduciary duty of obedience requires a broker to:
A. Act in self-interest
B. Follow lawful instructions of the client
C. Disclose other offers
D. Guarantee profit
Brokers must obey lawful client instructions.
, 5. What is required for valid consideration?
A. Only money
B. Something of value exchanged
C. A written contract
D. A witness
Consideration is anything legally sufficient exchanged
between parties.
6. An offer becomes a contract when it is:
A. Written
B. Accepted and communicated
C. Negotiated
D. Listed
Mutual agreement creates a contract.
7. A listing agreement is typically between:
A. Buyer and lender
B. Seller and broker
C. Buyer and seller
D. Tenant and landlord
Listing agreements authorize brokers to represent sellers.
8. What is an encumbrance?
A. A type of appraisal
B. A claim or lien on property
Estate Final Exam
Questions And Correct
Answers (Verified
Answers) Plus
Rationales 2025/2026
Q&A | Instant
Download Pdf
1. Which entity regulates real estate brokers in North
Carolina?
A. FHA
B. North Carolina Real Estate Commission
C. HUD
D. County Clerk
,The NC Real Estate Commission licenses and regulates
brokers.
2. A broker must renew their license every:
A. 1 year
B. 2 years
C. 3 years
D. 5 years
NC licenses are renewed every two years.
3. Which contract is required to be in writing under the
Statute of Frauds?
A. Oral lease under 1 year
B. Real estate sale contract
C. Open listing
D. Employment agreement
Real estate sales contracts must be written to be
enforceable.
4. The fiduciary duty of obedience requires a broker to:
A. Act in self-interest
B. Follow lawful instructions of the client
C. Disclose other offers
D. Guarantee profit
Brokers must obey lawful client instructions.
, 5. What is required for valid consideration?
A. Only money
B. Something of value exchanged
C. A written contract
D. A witness
Consideration is anything legally sufficient exchanged
between parties.
6. An offer becomes a contract when it is:
A. Written
B. Accepted and communicated
C. Negotiated
D. Listed
Mutual agreement creates a contract.
7. A listing agreement is typically between:
A. Buyer and lender
B. Seller and broker
C. Buyer and seller
D. Tenant and landlord
Listing agreements authorize brokers to represent sellers.
8. What is an encumbrance?
A. A type of appraisal
B. A claim or lien on property
