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100% Pass Quiz 2025 North Carolina Real Estate Commission NCREC-Broker-N: High-quality NC Real Estate Broker National Reliable Cram Materials
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North Carolina Real Estate Commission NCREC-Broker-N Exam Syllabus Topics:
Topic
Details
Topic 1
- 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 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
- 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.
Topic 4
- 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.
North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q68-Q73):
NEW QUESTION # 68 
A North Carolina broker has been practicing real estate for 10 years for a firm in Asheville. The broker just bought a home on Oak Island and would like to split their time between the mountains and the shore. Under what circumstances could the broker affiliate with two different brokers-in-charge?
- A. If the broker operates as a sole proprietorship
- B. Under no circumstances
- C. If the broker gets the express consent of both brokers-in-charge
- D. If the broker limits their practice to commercial transactions
Answer: C
Explanation:
NCREC rules allow a broker to be affiliated with more than one firm or broker-in-charge at the same time, but only with the express written consent of both BICs. This is often the case when brokers want to work in both commercial and residential markets or split their time between geographic locations. Therefore, the correct answer is A.
-
NEW QUESTION # 69 
In residential construction, building a concrete foundation directly on the ground is called:
- A. post and beam construction
- B. platform construction
- C. pier and beam construction
- D. slab-on-grade construction
Answer: D
Explanation:
A slab-on-grade foundation is a flat concrete slab poured directly on the ground, often used in warmer climates where ground freezing is not an issue. It supports the building structure directly and does not include a crawl space or basement. Pier and beam and post and beam refer to elevated structures, while platform construction refers to framing, not the foundation. Therefore, the correct answer is D.
-
NEW QUESTION # 70 
According to the North Carolina Good Funds Settlement Act, when can a broker expect to receive their commission following completion of a real estate transaction?
- A. Before the deed is recorded
- B. After the deed and deed of trust are recorded
- C. At the time of settlement
- D. Once the lender's funds are verified
Answer: B
Explanation:
The North Carolina Good Funds Settlement Act requires that no disbursement of funds-including broker commissions-can be made until the deed and any deed of trust are recorded in the public records. Only once the documents are recorded can the closing attorney legally disburse funds. Thus, brokers should expect to be paid only after recording, making answer C correct.
-
NEW QUESTION # 71 
Which is MOST likely to be an example of an acceptable practice under the provisions of the federal Real Estate Settlement Procedures Act (RESPA) related to kickbacks?
- A. A home inspector gives a real estate broker tickets to the Super Bowl to thank the broker for the business they sent to the inspector this year.
- B. A title company buys an ad in the local newspaper every month for the real estate brokerage firm that sends the title company the most referrals.
- C. A real estate brokerage firm allows a title company to use the brokerage's downtown office to conduct closings as a convenience to downtown clients.
- D. A mortgage company includes a link to a real estate brokerage firm's website on its home page in exchange for the brokerage sending clients their way.
Answer: C
Explanation:
RESPA prohibits giving or receiving anything of value in exchange for referrals related to settlement services.
However, a title company using space provided by a brokerage (without compensation tied to referrals) for mutual client convenience may be permitted as long as fair market value is paid (if rent is involved) and there is no requirement or agreement for referrals. The other choices involve direct value exchange for referrals, which are prohibited. Correct answer: A.
-
NEW QUESTION # 72 
When a property is being sold "as is," what responsibility does the listing broker have related to disclosures?
- A. The broker needs to disclose only major structural issues.
- B. The broker should not disclose any information to avoid liability.
- C. The broker must still disclose all known material facts.
- D. The broker has no disclosure responsibilities.
Answer: C
Explanation:
In North Carolina, a property sold "as is" means the seller is not agreeing to make repairs, but it does not relieve the broker of their duty to disclose. The broker must disclose all material facts they know or reasonably should know, regardless of the "as is" status. This includes physical defects, zoning issues, or legal encumbrances. Therefore, option B is the correct and legally required practice for brokers.
NEW QUESTION # 73
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