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North Carolina Real Estate Commission NCREC-Broker-N New Dumps Book & NCREC-Broker-N Exam Questions Vce

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

Topic
Details

Topic 1

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 2

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 3

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 4

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.

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q109-Q114):

NEW QUESTION # 109
According to the North Carolina Real Estate Commission Rules, a broker must deliver a copy of any signed purchase agreement to their client or customer within ____ of receipt.

A. 2 days
B. 3 days
C. 4 days
D. 24 hours

Answer: D

Explanation:
NCREC rules require that brokers deliver a copy of any executed (signed) document to all parties within 3 calendar days. However, a stricter rule applies to offers and contracts: any signed agency agreement or sales contract must be delivered within 3 days, and any executed offer must be delivered "immediately, but in no case later than 3 days." Best practice-and NCREC recommendation-is within 24 hours. Therefore, the most accurate and safe answer is A.
-

NEW QUESTION # 110
In North Carolina, an earnest money deposit that is paid by check must be deposited into a trust account no later than:

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

Answer: B

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 # 111
It would be considered the unauthorized practice of law for a North Carolina real estate broker to:

A. refer a client to an attorney to draft an addendum if there are special contract provisions.
B. draft an addendum to an offer if there are any special contract provisions.
C. modify an electronically generated preprinted form by marking a change requested by a client.
D. complete a preprinted offer or sales contract form that has been drafted by an attorney.

Answer: B

Explanation:
North Carolina brokers are permitted to complete preprinted, attorney-approved forms (like Standard Form 2- T) and make handwritten changes at the direction of clients. However, they may not draft legal language or new provisions-doing so constitutes the unauthorized practice of law. Brokers must refer clients to an attorney when custom provisions or legal interpretations are needed. Therefore, the correct answer is B.

NEW QUESTION # 112
A salaried employee of a North Carolina brokerage firm that practices property management must have a real estate license if they perform which task?

A. Negotiating the amount of a security deposit
B. Completing a preprinted lease contract
C. Accepting applications for a lease
D. Showing apartment units to prospective tenants

Answer: A

Explanation:
In North Carolina, salaried employees working under a licensed brokerage or property management firm may engage in certain administrative or ministerial tasks without a real estate license-such as showing rental units, collecting rent, and accepting applications. However, negotiating lease terms or the amount of a security deposit involves brokerage-level activity and requires a real estate license. Therefore, the correct answer is C.
-

NEW QUESTION # 113
On a settlement statement, the seller's net proceeds are calculated by:

A. subtracting closing costs from the purchase price.
B. subtracting the seller's debits from the buyer's debits.
C. subtracting the buyer's credits from the seller's credits.
D. subtracting the seller's debits from the seller's credits.

Answer: D

Explanation:
The seller's net proceeds are the total credits due to the seller (such as the sale price) minus all debits (such as mortgage payoff, commissions, taxes, and other closing costs). Therefore, the formula is:
Net Proceeds = Seller's Credits # Seller's Debits.
Correct answer: D.
-

NEW QUESTION # 114
......

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Keith Reed Keith Reed

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