North Carolina Broker Exam Prep Edge Free Assessment for NC Real Estate Exam Prep

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In order to become a North Carolina real estate agent, you'll need to pass the real estate exam! Below are free North Carolina real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. Nathan assisted with the sale of a commercial building. He doesn’t hold a real estate license, yet his actions didn’t violate any license laws. What must be true about Nathan’s situation?

  1. "Nathan is an officer or employee of the company that owned the building he sold.
  2. Nathan received a commission of less than $1,000.
  3. Nathan works for a nonprofit entity.
  4. The commercial building was valued at less than $500,000.

2. North Carolina real estate broker license applicant Penelope completed her required pre-licensing education on April 1, 2020. Based on this, Penelope must apply for her license before ______, or her pre-licensing education credit will expire.

  1. April 1, 2021
  2. April 1, 2022
  3. April 1, 2023
  4. April 1, 2024

3. North Carolina broker-in-charge Ken was preparing to disburse trust funds for a transaction that was underway. Unless otherwise directed by the parties involved, Ken may only disburse trust funds to _____.

  1. The licensee who originally accepted the funds
  2. The seller
  3. The seller’s agent
  4. The settlement agent

4. Developer-owner Martin may face misdemeanor charges from the county if he has _______.

  1. Filed the subdivision plat for approval with the county planning board
  2. Filed the subdivision street plan with the North Carolina Division of Highways
  3. Provided a buyer with the subdivision disclosure statement
  4. Sold any subdivision lots before receiving approval from the county planning board

5. North Carolina broker Shaunice showed Mr. Smith a bungalow property in a quaint little neighborhood. The listing agent told Shaunice that the highway department is planning to begin construction on a major highway in six months. If Shaunice doesn't disclose this information to Mr. Smith, she could most likely liable for ______.

  1. Breach of contract
  2. Conflict of interest
  3. Failure to disclose
  4. Fraud

6. Which provision of the North Carolina Offer to Contract and Purchase, Standard Form 2-T, addresses the amount of money a buyer may choose to pay in exchange for having the right to terminate the contract during a negotiated period of time for any reason or no reason?

  1. Due Diligence Fee
  2. Earnest Money
  3. Fixtures and Exclusions
  4. Settlement

7. North Carolina resident Thom is moving into a property where he has a proprietary lease because he purchased stock shares in the corporation that owns the title to the land and the building. What kind of property is this?

  1. A condominium
  2. A cooperative
  3. An apartment rental
  4. A townhouse

8. In order for a North Carolina brokerage firm’s license to remain active, it must have _____.

  1. A broker-in-charge
  2. A minimum of five licensed brokers affiliated with it
  3. An actively licensed qualifying broker
  4. Office space
Answers: 1. A, 2. C, 3. D, 4. D, 5. C, 6. A, 7. B, 8. C

 

For a more comprehensive view into the types of questions you can expect on the exam, sign up for our free assessment. You’ll have the chance to review a 99-question real estate practice exam at no cost to you. Note that answers are only provided upon purchasing Exam Prep.

If you’re ready to feel confident about your upcoming licensing exam, you can purchase our North-Carolina real estate Exam Prep package. By purchasing one of our packages, you not only get to see the results from your free assessment, but you’ll also have access to an innovative Exam Prep Edge program that will put you in the best position to pass your test the first time around.

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Your free assessment consists of access to the Exam Prep Edge initial assessment exam that will give you immediate feedback on the topics you’ve mastered and the ones you still need to work on. Note that you’re required to purchase the program before you’re able to access the study materials or unlimited practice exams.

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What happens when my free trial ends?

When you complete your free assessment, your program will be locked until you decide to purchase. If you like the program, you can purchase at any time. Get started!

 

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