[Jul 21, 2025] NCREC-Broker-N Exam Dumps – North Carolina Real Estate Commission Practice Test Questions [Q63-Q82]

NO.63 On a settlement statement, the seller’s net proceeds are calculated by:

NO.64 A lease with a simple exchange of rent for occupancy, under which the tenant pays none of the costs of ownership, is known as a(n):

NO.65 Which of the following BEST describes a seller’s market?

NO.66 A seller lists his home with a brokerage firm, allowing the brokerage to put a sign in the yard, list the property in the multiple listing service, and advertise it on social media. During the listing period, the seller sells the home to a co-worker and is not obligated to pay the brokerage any commission. What type of listing did the seller have with the brokerage?

NO.67 To equalize each comparable property to the subject property when performing the sales comparison approach, the appraiser should make adjustments to:

NO.68 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?

NO.69 A broker who solicits active clients of other brokers may be guilty of:

NO.70 A property owner owns 150 acres of land. Bordering one side of the property is a non-navigable river. Which statement about the owner’s ownership rights is TRUE?

NO.71 A North Carolina broker must maintain copies of all transaction files for at least _____ after the conclusion of a transaction?

NO.72 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.

NO.73 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:

NO.74 Bernie is the broker-in-charge at a brokerage firm located in North Carolina. He is actively involved in listing and selling properties. Mei is a provisional broker at the same brokerage firm. She has a buyer client who has expressed interest in one of Bernie’s listings. In this transaction, what would be a permissible agency arrangement?

NO.75 Under the North Carolina Timeshare Act, a timeshare developer must allow a buyer to cancel a purchase contract without penalty for how long after signing the contract?

NO.76 An appraiser who is appraising a duplex gathers the following information: rent, vacancy rate, mortgage loan payments, property taxes, the owner’s income tax obligations, and various expenses. The appraiser also examines the same information from other similar properties in the area as well as their sales prices. To find the net operating income of the subject property, what does the appraiser need to consider?

NO.77 Which of these activities is prohibited by federal antitrust laws?

NO.78 The monthly rent for each unit in a six-unit office building is $2,500. The annual vacancy rate averages 4%.
The owner collects $3,000 per year in advertising fees. Annual operating expenses are $40,000. The annual debt service is $25,000. What is the net operating income of this property?

NO.79 A buyer and a seller have both signed the NCAR/NCBA Offer to Purchase and Contract (Standard Form 2-T), creating a binding sales agreement. The buyer’s loan is denied during the due diligence period, and they provide the proper notice to terminate the transaction. In this scenario, the buyer can receive:

NO.80 The owner of a lot that is 99 feet by 110 feet would like to sell it. Similar properties sell for $180,000 per acre.
What is the likely selling price for this property?

NO.81 A North Carolina real estate broker may:

NO.82 Why does the North Carolina Conner Act require deeds to be recorded?