North Carolina Real Estate Commission NC Real Estate Broker National - NCREC-Broker-N Exam Questions

QUESTION NO: 1
On Monday morning, a buyer agent who works for ABC Realty submits a buyer client's offer to the listing agent at XYZ Realty. Later that day, the listing agent presents the offer to the seller. On Tuesday morning, the seller signs the offer with no changes, and on Tuesday evening, the listing agent calls the buyer agent to tell them the offer is signed and accepted. The buyer agent finally gets in contact with the buyer Wednesday morning to communicate the good news. On Wednesday afternoon, the listing agent delivers the signed offer to the buyer agent, and the buyer agent delivers it to the buyer that evening. At what point was there a valid, binding contract between buyer and seller?

QUESTION NO: 2
A North Carolina broker has been designated as the broker-in-charge (BIC) at a brokerage firm. This means that the broker:

QUESTION NO: 3
The primary purpose of a comparative market analysis of real property is to provide a(n):

QUESTION NO: 4
Which statement about the presence of mold in a home is TRUE?

QUESTION NO: 5
Under the terms of the NCAR/NCBA Offer to Purchase and Contract (Standard Form 2-T), the settlement date can be delayed for how long before the contract is no longer enforceable and binding on all parties?

QUESTION NO: 6
Which of the following is a key characteristic of an exclusive right to sell listing agreement?

QUESTION NO: 7
Which situation would be considered a material fact that a listing broker in North Carolina would be required to disclose to a prospective buyer?

QUESTION NO: 8
A homeowner has been trying to sell their house for some time, but buyers seem to be turned off by the odor from a nearby chicken farm. This is an example of: