NCREC-BROKER-N PDF FREE, NCREC-BROKER-N ACTUAL TEST

NCREC-Broker-N Pdf Free, NCREC-Broker-N Actual Test

NCREC-Broker-N Pdf Free, NCREC-Broker-N Actual Test

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q40-Q45):

NEW QUESTION # 40
In North Carolina, a buyer agent must disclose their agency status to the seller or the seller's agent:

  • A. no later than the first showing of the property.
  • B. no later than when presenting an offer.
  • C. at the first substantial contact.
  • D. at the initial contact.

Answer: D

Explanation:
North Carolina License Law and Rules state that a buyer's agent must disclose their agency statusat initial contactwith the seller or the seller's agent. The statute explicitly requires agency disclosure at the earliest interaction. Thus,option Ais correct.


NEW QUESTION # 41
Property in Town A is assessed at 50% of market value. The property tax rate is $32 per $1,000. If the market value of a home is $630,000, what is the annual tax assessment?

  • A. $8,064
  • B. $4,032
  • C. $10,080
  • D. $20,160

Answer: A

Explanation:
Step 1: Determine assessed value
Market value = $630,000
Assessment rate = 50%
Assessed value = $630,000 × 0.50 = $315,000
Step 2: Calculate tax
Tax rate = $32 per $1,000
$315,000 ÷ $1,000 = 315
315 × $32 = $10,080
However, this result matches option C. Therefore:
Corrected Final answer: C. $10,080
Explanation Confirmed: Assessed value is 50% of $630,000 = $315,000. Tax at $32 per $1,000 means $315 ×
$32 = $10,080. Correct answer is C.


NEW QUESTION # 42
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?

  • A. The owner's land ownership rights extend to the center of the river.
  • B. The owner has littoral, not riparian rights.
  • C. The owner owns the water and can build a dam to restrict its flow.
  • D. The owner can stop other people from using the river.

Answer: A

Explanation:
In North Carolina, if a property borders a non-navigable river or stream, the property owner holds riparian rights. This means the owner's property extends to the centerline of the watercourse. Littoral rights, by contrast, apply to properties bordering large, navigable bodies of water such as oceans and lakes. The owner does not own the water and cannot restrict its natural flow or public use where applicable. Therefore, the correct answer is C.
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NEW QUESTION # 43
In North Carolina, which type of buyer agency agreement may be oral or written?

  • A. Exclusive buyer agency agreement that does not bind the buyer for a fixed period of time
  • B. Nonexclusive buyer agency agreement for a fixed period of time
  • C. Nonexclusive buyer agency agreement that does not bind the buyer for a fixed period of time
  • D. Exclusive buyer agency agreement for a fixed period of time

Answer: C

Explanation:
In North Carolina, a nonexclusive buyer agency agreement that does not include a specific time period can initially be oral. However, before writing or presenting any offers on behalf of the buyer, the agreement must be put into writing and signed. Exclusive buyer agency agreements and any agreement that includes a fixed term must be in writing from the beginning. Therefore, the correct answer is D.
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NEW QUESTION # 44
Friends Jack, Jill, and Harold bought a warehouse property in North Carolina, and the deed simply stated, "as joint tenants." Assuming Harold had a will when he died, who got his share of the warehouse?

  • A. Harold's spouse
  • B. It's up to the court to decide
  • C. Harold's heirs
  • D. Jack and Jill

Answer: D

Explanation:
In North Carolina, joint tenancy includes the right of survivorship unless otherwise stated. If a deed says "as joint tenants," and right of survivorship is implied or established, then Harold's share automatically passes to the surviving joint tenants (Jack and Jill), regardless of Harold's will. Since nothing indicates the tenancy was anything other than traditional joint tenancy with survivorship, Jack and Jill receive Harold's share.
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NEW QUESTION # 45
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