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NCREC-Broker-N Latest Test Vce & NCREC-Broker-N Valid Exam Camp

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q35-Q40):

NEW QUESTION # 35
At a minimum, how many members of the North Carolina Real Estate Commission are required to be active real estate brokers?

A. 3 members
B. 5 members
C. 7 members
D. 9 members

Answer: C

Explanation:
Per theNorth Carolina Real Estate Commission statutes, the Commission consists of7 members, a majority of whom must be active real estate brokers. While specific numeric breakdown isn't publicly displayed in the Commission's FAQs, the Commission's own staffing and regulatory structure confirm the 7-member board format. The active broker majority requirement necessarily means at least 4 of the 7 must be actively licensed brokers. Therefore,C (7 members)is the correct answer.
Reference:
NCREC General FAQ and organizational structure descriptions

NEW QUESTION # 36
On Monday morning, a buyer agent who works for ABC Realty submits a buyer client's offer to the listing agent at XYZ Realty. Later that day, the listing agent presents the offer to the seller. On Tuesday morning, the seller signs the offer with no changes, and on Tuesday evening, the listing agent calls the buyer agent to tell them the offer is signed and accepted. The buyer agent finally gets in contact with the buyer Wednesday morning to communicate the good news. On Wednesday afternoon, the listing agent delivers the signed offer to the buyer agent, and the buyer agent delivers it to the buyer that evening. At what point was there a valid, binding contract between buyer and seller?

A. Wednesday evening when the buyer received the signed offer
B. Tuesday morning when the seller signed the contract
C. Wednesday morning when the buyer agent communicated the acceptance to the buyer
D. Tuesday evening when the acceptance was communicated to the buyer agent

Answer: C

Explanation:
In North Carolina, a contract becomes binding when the last party to sign communicates their acceptance to the other party or the other party's agent. Although the seller signed on Tuesday morning, the contract was not binding until the buyer was informed of the acceptance. The listing agent told the buyer agent Tuesday evening, but the buyer agent did not inform the buyer until Wednesday morning. Therefore, the contract became binding at the moment the buyer was notified-Wednesday morning. Correct answer: C.
-

NEW QUESTION # 37
A North Carolina broker just received an offer to purchase a home they have listed. According to the North Carolina Real Estate License Law and the Real Estate Commission Rules, the broker must present the offer to the seller immediately but no later than:

A. 24 hours of receipt.
B. 3 business days of receipt.
C. 1 business day of receipt.
D. 3 calendar days of receipt.

Answer: D

Explanation:
According to the North Carolina Real Estate Commission Rules, a broker must present all offers
"immediately, but in no event later than three calendar days from the date of receipt." This rule ensures timely communication with clients, particularly in fast-moving markets. While best practice is to present the offer as soon as possible, the legal maximum is three calendar days. Therefore, the correct answer is D.
-

NEW QUESTION # 38
The owner of a cooperative unit has which of the following rights in the property?

A. A proprietary lease for the exclusive use of the unit and shares of stock in the corporation that owns the property
B. A fee simple interest in the unit combined with occupancy rights for a specified recurring period annually
C. A fee simple interest in the unit and an undivided common interest in common areas
D. A fee simple interest in the unit and a proportional interest in common areas based on unit size

Answer: A

Explanation:
In a cooperative (co-op) ownership arrangement, the real estate is owned by a corporation. Individual residents do not own their units as real property. Instead, they own shares of stock in the corporation and receive a proprietary lease, which gives them the right to occupy a specific unit. This contrasts with condominium ownership, where unit owners hold fee simple title. Therefore, the correct answer is D.
-

NEW QUESTION # 39
In the government survey system of legal description, the north-south lines and east-west lines intersect to create what?

A. Ranges
B. Townships
C. Sections
D. Tiers

Answer: B

Explanation:
In the rectangular (government) survey system, north-south lines (called principal meridians and range lines) and east-west lines (called base lines and township lines) intersect to form squares known as townships.
Townships are 6 miles by 6 miles and are further divided into 36 sections. Therefore, the correct answer is D
- townships.

NEW QUESTION # 40
......

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