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Valid NCREC-Broker-N Exam Dumps Materials - NCREC-Broker-N Quiz Cram - Actual4Exams

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Cracking the NCREC-Broker-N examination requires smart, not hard work. You just have to study with valid and accurate North Carolina Real Estate Commission NCREC-Broker-N practice material that is according to sections of the present North Carolina Real Estate Commission NCREC-Broker-N exam content. Actual4Exams offers you the best NCREC-Broker-N Exam Dumps in the market that assures success on the first try. This updated NCREC-Broker-N exam study material consists of NCREC-Broker-N PDF dumps, desktop practice exam software, and a web-based practice test.

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: 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 3

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 4

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.

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q113-Q118):

NEW QUESTION # 113
If a seller whose property is currently listed with another company initiates a conversation with a broker about the possibility of the broker becoming their new listing agent, the broker:

A. may discuss the terms of a possible listing agreement that would begin after the current listing ends.
B. may not discuss the terms of any possible future listing agreement.
C. must advise the seller to contact an attorney.
D. may suggest that the seller terminate the current listing agreement early.

Answer: A

Explanation:
Under the NCREC Rules and Code of Ethics, a broker may not interfere with another firm's existing exclusive listing agreement. However, if a seller independently initiates a conversation, a broker is allowed to discuss the terms of a future agreement - but that agreement must begin only after the current listing expires.
The broker must not suggest early termination or breach of contract. Therefore, option A accurately reflects what is legally and ethically permissible.

NEW QUESTION # 114
According to the North Carolina Tenant Security Deposit Act, if a tenant signs a one-year lease to rent a single-family home for $1,500 a month, what is the most the property owner can charge the tenant as a security deposit?

A. $1,500
B. $2,250
C. $750
D. $3,000

Answer: B

Explanation:
Under the NC Tenant Security Deposit Act, for leases longer than month-to-month, landlords may charge a maximum security deposit equal to two months' rent. In this case:
$1,500 × 2 = $3,000 maximum allowed.
However, the correct answer option closest to this is C: $2,250. Let's re-check.
Upon review:
If the lease is longer than month-to-month (e.g., annual lease), the maximum deposit is 2 months' rent:
$1,500 × 2 = $3,000 # Correct answer is D.

NEW QUESTION # 115
A listing broker receives a signed offer from a buyer. Although the broker must present the offer to the seller as soon as possible, under the North Carolina Real Estate Commission Rules, the broker must present the offer:

A. before the end of the next business day.
B. within 2 days.
C. within 24 hours.
D. within 3 days.

Answer: A

Explanation:
NCREC rules require brokers to present all written offers to their client "immediately, but in no event later than three days." However, standard practice and Commission guidance emphasize that brokers must present offers no later than the end of the next business day after receipt. This ensures timely communication and allows the seller to respond promptly, especially in a competitive market. Therefore, the correct answer is B.
-

NEW QUESTION # 116
The owners of a house that was built in 1950 are planning to sell it. What must they do prior to a sale of the property to comply with federal lead-based paint disclosure requirements?

A. Remove all lead-based paint
B. Conduct a test for lead-based paint
C. Purchase a home warranty policy that covers the removal of lead-based paint
D. Provide buyers with copies of any reports available from prior lead tests

Answer: D

Explanation:
Under the federal Residential Lead-Based Paint Hazard Reduction Act, sellers of residential property built before 1978 must:
Disclose any known lead-based paint or hazards.
Provide copies of any available reports or records.
Provide the EPA's lead hazard information pamphlet.
Allow the buyer a 10-day inspection period (unless waived).
Sellers are not required to test for or remove lead paint. Therefore, the correct answer is B.

NEW QUESTION # 117
A contract in which one or both parties have not yet completed performance of their contractual obligations is referred to as:

A. unenforceable
B. voidable
C. executory
D. executed

Answer: C

Explanation:
An executory contract is one in which terms have been agreed upon, but some or all of the obligations have yet to be performed. For example, a purchase contract where the closing has not yet occurred is executory. An executed contract is one where all parties have completed their obligations. A voidable contract is valid unless canceled by one party due to a legal defect. An unenforceable contract cannot be upheld in court. Therefore, the correct answer is B.
-

NEW QUESTION # 118
......

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