Free North Carolina Real Estate Commission NCREC-Broker-N Practice Test & Real Exam Questions
If a seller whose property is currently listed with another company initiates a conversation with a broker about the possibility of the broker becoming their new listing agent, the broker:
Correct Answer: C
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Why does the North Carolina Conner Act require deeds to be recorded?
Correct Answer: A
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In North Carolina, an earnest money deposit that is paid by check must be deposited into a trust account no later than:
Correct Answer: C
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Which of the following BEST describes a seller's market?
Correct Answer: C
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Which of the following entities would participate in the primary market for mortgage lending?
Correct Answer: A
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A listing broker receives a signed offer from a buyer. Although the broker must present the offer to the seller as soon as possible, under the North Carolina Real Estate Commission Rules, the broker must present the offer:
Correct Answer: D
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Under the terms of the NCAR/NCBA Offer to Purchase and Contract (Standard Form 2-T), the settlement date can be delayed for how long before the contract is no longer enforceable and binding on all parties?
Correct Answer: A
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A seller discusses listing their home with a broker. The seller tells the broker that when the house sells, the seller wants $200,000 in their pocket at closing, and the listing brokerage can keep any amount beyond that as their commission. What does this scenario describe?
Correct Answer: C
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Which statement about acknowledging a deed is TRUE?
Correct Answer: D
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