North Carolina Real Estate License Law Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What is the name for the real estate license in North Carolina that allows someone to supervise a provisional broker?

Question 2 2. Which of the following is TRUE regarding a North Carolina limited nonresident commercial broker license?

Question 3 3. Including a living space square footage calculation _____

Question 4 4. 'Heated Living Area' needs these three traits:

Question 5 5. What is the purpose of final closing statements?

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Question 6 6. In a North Carolina attorney supervised closing, which best describes the attorney's role?

Question 7 7. Section 93A-6(d) states that all brokers will keep complete records showing deposit, maintenance, and withdrawal of any money or other property owned by principals that is held in _____.

Question 8 8. A broker will hold records of all rentals, sales, and other transactions for _____.

Question 9 9. Steve is a disabled veteran who owns a home in North Carolina that is currently appraised at $220,000. His total local income tax rate is $1.75 per $100. What will his property tax bill be this year?

Question 10 10. How are tax rates for real estate expressed in North Carolina?

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Question 11 11. The Residential Property Disclosure Act in North Carolina requires which three sets of information to be disclosed:

Question 12 12. In North Carolina _____ is considered a material fact related to real property transactions.

Question 13 13. For which category must a real estate agent in North Carolina fulfill duties for?

Question 14 14. Which of the following defines self-dealing in real estate?

Question 15 15. A representation agreement between a broker and a landlord can _____.

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Question 16 16. The Working with Real Estate Agents Brochure is part of a _____

Question 17 17. In North Carolina, _____ can draft a real offer or sales contract.

Question 18 18. In North Carolina real estate, addenda to a sales contract are _____

Question 19 19. What is it called when an agent cannot make a secret profit from a transaction where he represents a principle?

Question 20 20. The oral buyer and tenant agency agreement must be 'non-exclusive,' and be for a time period that is _____.

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Question 21 21. Which of the following is TRUE of North Carolina real estate licensing continuing education?

Question 22 22. How long does a North Carolina real estate license holder have to report a change of business or residential address?

Question 23 23. As a tenant, Mark has a duty to _____.

Question 24 24. If a tenant has a problem with getting a repair completed, he can _____.

Question 25 25. Which of the following is a legal and appropriate task for an unlicensed assistant in North Carolina?

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Question 26 26. Which of the following is an example of a potential exemption from the education course required for a North Carolina real estate license?

Question 27 27. The purchaser of a timeshare has the right to cancel within _____ by mail or hand delivery.

Question 28 28. Both the time share salesperson and developer must retain records for _____ for every transaction.

Question 29 29. When was the North Carolina Real Estate Commission Formed?

Question 30 30. The North Carolina Real Estate Commission is comprised of how many members?

North Carolina Real Estate License Law Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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