North Carolina Real Estate Commission NCREC-Broker-N Actual Free Exam Questions & Community Discussion

Exam Code/Number: NCREC-Broker-N
Exam Name/Title: NC Real Estate Broker National
Certification Provider: North Carolina Real Estate Commission
Corresponding Certification: Real Estate Broker

Exam Questions: 127
Updated On: Jun 01, 2026

Question #41

Morgan has an appurtenant easement to cross Julie's land to get to his cornfield. Julie's land is the:

A. dominant tenement

B. servient tenement

C. reserved tenement

D. encroachment

Discussion 0

Correct Answer: B Vote an answer

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Question #42

A provision in a contract that makes the parties' rights and obligations dependent on the occurrence or nonoccurrence of a specified event is a(n):

A. amendment

B. stipulation

C. contingency

D. option

Discussion 0

Correct Answer: C Vote an answer

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Question #43

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 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.

B. 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.

C. 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.

D. 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.

Discussion 0

Correct Answer: D Vote an answer

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Question #44

After taking a listing on a property, a broker learns of major highway changes in the area. The broker should disclose this information:

A. to the buyer but only if the buyer asks about it.

B. as a material fact to all transactional parties but only if the changes will be completed within a year.

C. to the buyer but only if the seller agrees to the disclosure.

D. as a material fact to all transactional parties.

Discussion 0

Correct Answer: D Vote an answer

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Question #45

A loan is set up so that the borrower's loan payments are for the same amount each month. A portion of each payment goes to interest, and a portion goes to principal, and the loan balance will be zero at the end of the loan term. Which type of loan is this?

A. Negatively amortizing

B. Straight amortizing

C. Fully amortizing

D. Partially amortizing

Discussion 0

Correct Answer: C Vote an answer

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Question #46

Which of the following will an appraiser consider when appraising a property?

A. The original price paid for the property

B. The cost to update the subject property

C. The average value of all available comparables

D. A reconciliation of values if more than one appraisal method is used

Discussion 0

Correct Answer: D Vote an answer

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Question #47

In North Carolina, if a listing broker is tempted to disclose the terms of an offer to get another buyer to submit a higher offer, what must the broker do?

A. Disclose all offers to all competing buyers because the existence of multiple offers is a material fact

B. Only disclose the highest or best offer

C. Obtain express authority to disclose the terms of the offer from the offering party

D. Obtain permission to disclose the terms of the offer from the seller only

Discussion 0

Correct Answer: C Vote an answer

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Question #48

Which of the following actions by a listing broker is an example of willful misrepresentation?

A. Deliberately hiding structural damage from a buyer

B. Accidentally providing incorrect square footage of a property

C. Forgetting to disclose a minor repair needed in the property

D. Misunderstanding the zoning ordinance for a property

Discussion 0

Correct Answer: A Vote an answer

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Question #49

A homeowner signs a contract with a broker stating that the homeowner will pay the broker a commission if the broker finds a ready, willing, and able buyer for the house in the next 60 days. What is the BEST way to describe this contract as of the day they sign it?

A. Implied and executed

B. Express and executed

C. Implied and executory

D. Express and executory

Discussion 0

Correct Answer: D Vote an answer

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Question #50

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. 5 days

B. The buyer has no such right to cancel the contract.

C. 3 days

D. 7 days

Discussion 0

Correct Answer: B Vote an answer

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