Blog

Carl Brooks Carl Brooks

0 Course Enrolled • 0 Course Completed

Biography

Valid Reliable NCREC-Broker-N Exam Questions Offers Candidates High Pass-rate Actual North Carolina Real Estate Commission NC Real Estate Broker National Exam Products

Actual4Exams North Carolina Real Estate Commission Certification Exam comes in three different formats so that the users can choose their desired design and prepare North Carolina Real Estate Commission NCREC-Broker-N exam according to their needs. The first we will discuss here is the PDF file of real North Carolina Real Estate Commission NCREC-Broker-N Exam Questions. It can be taken to any place via laptops, tablets, and smartphones.

In this way, you cannot miss a single NCREC-Broker-N exam question without an answer. One more thing to give you an idea about the top features of NC Real Estate Broker National exam questions before purchasing, the Actual4Exams are offering a Free NCREC-Broker-N Exam Questions demo download facility. This facility is being offered in all three NC Real Estate Broker National exam question formats. Just choose the right NCREC-Broker-N exam questions format demo and download it quickly.

>> Reliable NCREC-Broker-N Exam Questions <<

North Carolina Real Estate Commission NCREC-Broker-N Test Labs | Pdf NCREC-Broker-N Free

The North Carolina Real Estate Commission NCREC-Broker-N web-based practice test software is very user-friendly and simple to use. It is accessible on all browsers (Chrome, Firefox, MS Edge, Safari, Opera, etc). It will save your progress and give a report of your mistakes which will surely be beneficial for your overall NCREC-Broker-N Exam Preparation.

North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q53-Q58):

NEW QUESTION # 53
The listing agent for Guy's ranch home is also Ginny's buyer agent. After a long day of showing the requested two-story homes to Ginny, they drive past Guy's home, and she excitedly asks to see it. Guy is out of town and has given the agent permission to show the property in his absence, so the agent sees no harm in letting her in. Which statement is TRUE?

A. The agent violated the duty of obedience to Ginny by showing her a ranch home instead of the requested two-story.
B. The agent violated the duty of loyalty to Guy by letting them into his property when he wasn't there.
C. The agent may have created an undisclosed and illegal dual agency.
D. The agent did nothing wrong, as they were simply looking out for the buyer client's best interests.

Answer: C

Explanation:
When a broker represents both the buyer and the seller in the same transaction, dual agency arises. In North Carolina, dual agency must be disclosed and agreed to in writing by both parties before it can occur. If the agent is acting for both parties (listing and buyer agency) and this relationship has not been formally disclosed and agreed upon, it creates an undisclosed and therefore illegal dual agency. Correct answer: D.
-

NEW QUESTION # 54
An investor bought a small office building for $500,000. They sold it 10 years later for $480,000. What is their percentage of loss?

A. 10.4%
B. 4.2%
C. 4%
D. 9.6%

Answer: C

Explanation:
To calculate the percentage of loss:
Loss = Original Price # Sale Price = $500,000 # $480,000 = $20,000
Percentage loss = ($20,000 ÷ $500,000) × 100 = 4%
Correct answer: A
-

NEW QUESTION # 55
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 receipt.
B. 5 banking days after receipt.
C. 5 banking days after acceptance of the offer.
D. 3 banking days after acceptance of the offer.

Answer: D

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 # 56
A buyer signs a contract to purchase a 10-year-old unit in a condominium community. Under the provisions of the North Carolina Condominium Act, how many days does the buyer have to rescind the contract?

A. 3 days
B. 5 days
C. 7 days
D. The buyer has no such right to cancel the contract.

Answer: D

Explanation:
Under theNorth Carolina Condominium Act (N.C.G.S. Chapter 47C), the buyer of a condominium unit has a7-day right of rescission only for new condominiums, meaning units offered for sale in a project not yet completed or occupied. For units in a condominium community that are more than one year old,there is no statutory right to rescind the contractonce signed. Since this is a 10-year-old unit, the buyer doesnot have a rescission period.
Reference:
N.C.G.S. § 47C-3-107 (Right of Rescission for New Condominiums)
NCREC Broker National (Broker-N) Compliance Guide, Section on Condominium Transactions and Buyer Protections NC Real Estate Commission Legal Bulletin: Condominium Rescission Rights, 2023 Therefore, the buyer hasno right to cancelthe contract based solely on the Condominium Act for this 10-year- old unit.

NEW QUESTION # 57
If a buyer defaults on a purchase agreement just prior to settlement, what clause in the contract would likely allow the seller to keep the earnest money deposit?

A. Punitive damages
B. Compensatory damages
C. Liquidated damages
D. Actual damages

Answer: C

Explanation:
Liquidated damages refer to a pre-agreed amount of compensation (often the earnest money deposit) that one party is entitled to retain in the event the other party breaches the contract. In North Carolina, the standard Offer to Purchase and Contract includes provisions stating that if a buyer breaches after due diligence, the seller may retain the earnest money as liquidated damages. Therefore, the correct answer is C.
-

NEW QUESTION # 58
......

The desktop practice test design is best for self-appraisal and decreases the possibilities of disappointment in the NC Real Estate Broker National (NCREC-Broker-N) Exam. It is upheld by each window PC which assists clients with clearing the North Carolina Real Estate Commission NCREC-Broker-N certification exam with passing marks.The web-based format can be gotten online without introducing the product for the North Carolina Real Estate Commission NCREC-Broker-N Exam. The web-based practice test is upheld by every one of the working frameworks and programs which will be useful for NC Real Estate Broker National (NCREC-Broker-N) exam preparation.

NCREC-Broker-N Test Labs: https://www.actual4exams.com/NCREC-Broker-N-valid-dump.html

NCREC-Broker-N study material has the most authoritative test counseling platform, and each topic in NCREC-Broker-N study materials is carefully written by experts who are engaged in researching in the field of professional qualification exams all the year round, North Carolina Real Estate Commission Reliable NCREC-Broker-N Exam Questions Overview of Exam: Please read it carefully before attempting the test, In addition, if you have any doubt or questions about our Real Estate Broker NCREC-Broker-N latest vce prep, please contact at any time through email or online chat, we will solve your problem as soon as possible.

The standard program provides an exam voucher, an education manual, study NCREC-Broker-N guide, Practice test and technical support, It's understandable why so many instructors and authors take the kitchen sink approach.

Maximize Your Chances of Getting North Carolina Real Estate Commission NCREC-Broker-N Certification Exam

NCREC-Broker-N Study Material has the most authoritative test counseling platform, and each topic in NCREC-Broker-N study materials is carefully written by experts who are engaged NCREC-Broker-N Reliable Exam Simulations in researching in the field of professional qualification exams all the year round.

Overview of Exam: Please read it carefully before Latest NCREC-Broker-N Test Preparation attempting the test, In addition, if you have any doubt or questions about our Real Estate Broker NCREC-Broker-N latest vce prep, please contact at any time through email or online chat, we will solve your problem as soon as possible.

But getting a certificate is not so handy for candidates, You can download the trail version of our NCREC-Broker-N study torrent before you buy our products, you will develop a better understanding of our products by the trail version.

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Carl Brooks Carl Brooks

Biography

COOKIE NOTICE