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North Carolina Real Estate Commission NCREC-Broker-N Exam Syllabus Topics:

Topic	Details
Topic 1	National Portion: Core Concepts: This section of the exam measures the skills of broker candidates and focuses on the basic principles of real estate. It covers property ownership, forms of estates, property rights, and how interests are transferred. It also evaluates contracts, agency duties, and the role of brokers in maintaining lawful and ethical agreements. These core concepts ensure candidates understand the foundational rules of practice across the United States.
Topic 2	State Portion: Legal Framework: This section of the exam evaluates provisional brokers on the rules and statutes that apply specifically in North Carolina. It includes license law, the Real Estate Commission’s authority, and disciplinary procedures. It also covers how agency relationships must be created and disclosed under state law. These legal frameworks define the responsibilities and compliance requirements for practicing in the state.
Topic 3	National Portion: Applied Knowledge: This part of the exam measures the applied knowledge of broker candidates and emphasizes practical skills. It includes financing and valuation methods, market analysis, and understanding mortgage processes. Candidates are also tested on land use controls, zoning, environmental regulations, required disclosures, and common real estate calculations. This applied knowledge ensures brokers can handle real-world scenarios effectively.
Topic 4	State Portion: Practice and Procedures: This part of the exam measures the skills of provisional brokers in practical, day-to-day operations within North Carolina. It covers contracts and closing processes, use of state-specific forms, and procedures for managing transactions. It also includes state statutes on property transfers, landlord-tenant law, and fair housing requirements. This focus ensures provisional brokers can carry out transactions correctly within state guidelines.

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q21-Q26):

NEW QUESTION # 21
In North Carolina, a buyer agent must disclose their agency status to the seller or the seller's agent:

A. no later than when presenting an offer.
B. at the first substantial contact.
C. at the initial contact.
D. no later than the first showing of the property.

Answer: C

Explanation:
North Carolina License Law and Rules state that a buyer's agent must disclose their agency statusat initial contactwith the seller or the seller's agent. The statute explicitly requires agency disclosure at the earliest interaction. Thus,option Ais correct.

NEW QUESTION # 22
A North Carolina broker deposits a buyer's earnest money check into their firm's general fund so that they can pay the rent on the brokerage office. This is an example of:

A. puffing.
B. negligence.
C. capitalization.
D. commingling.

Answer: D

Explanation:
Commingling is the illegal act of mixing a client's funds-such as earnest money-with the broker's personal or business funds. North Carolina law strictly prohibits brokers from depositing trust money (like earnest deposits) into the firm's general operating account. In this case, the broker used the funds to pay rent, which could also constitute conversion (intentional misuse). But since the question specifically addresses the deposit, the correct answer is B - commingling.
-

NEW QUESTION # 23
In North Carolina, an earnest money deposit that is paid by check must be deposited into a trust account no later than:

A. 3 banking days after acceptance of the offer.
B. 5 banking days after acceptance of the offer.
C. 5 banking days after receipt.
D. 3 banking days after receipt.

Answer: A

Explanation:
According to North Carolina Real Estate Commission rules, if an earnest money deposit is received with an offer and held by the broker, it must be deposited in the trust account no later than 3 banking days after the broker has received notice of contract acceptance (i.e., when the offer becomes a binding contract). Therefore, the correct answer is B.

NEW QUESTION # 24
What duty does a North Carolina real estate broker have related to material facts?

A. An affirmative duty to discover and disclose material facts to all parties
B. An affirmative duty to discover and disclose material facts to their clients only
C. A duty to disclose known material facts to their clients only but no affirmative duty to discover material facts
D. A duty to disclose known material facts to all parties but no affirmative duty to discover material facts

Answer: A

Explanation:
NC brokers are bound by an affirmative duty to both discover and disclose material facts to all parties in a transaction, not just their clients. This includes facts they know or should reasonably know, such as structural defects, zoning violations, or environmental issues. This duty exists regardless of whom the broker represents.
Therefore, option A is correct.
-

NEW QUESTION # 25
A listing brokerage firm offered a 3% commission split to any broker who could find a buyer for their
$700,000 listing. The seller agreed to pay a 7% commission. A broker from another brokerage firm found a buyer, and the seller accepted their offer of $695,000. What did the listing brokerage firm earn on this transaction?

A. $21,000
B. $20,850
C. $27,800
D. $28,000

Answer: C

Explanation:
The total commission earned was 7% of the final sales price ($695,000 × 0.07 = $48,650).
The cooperating (buyer's) broker received 3% ($695,000 × 0.03 = $20,850).
The listing brokerage firm retained the difference:
$48,650 - $20,850 = $27,800.
So, the listing firm earned $27,800 - answer C.

NEW QUESTION # 26
......

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Valid NCREC-Broker-N Real Test - NCREC-Broker-N Quiz

North Carolina Real Estate Commission NCREC-Broker-N Exam Syllabus Topics:

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q21-Q26):

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