EXAM NCREC-BROKER-N FORUM | NCREC-BROKER-N TEST GUIDE

Exam NCREC-Broker-N Forum | NCREC-Broker-N Test Guide

Exam NCREC-Broker-N Forum | NCREC-Broker-N Test Guide

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q57-Q62):

NEW QUESTION # 57
A prospective buyer, who just moved to town from Venezuela, asks their buyer agent to show them houses only in Latino neighborhoods. If the buyer agent complies with the buyer's directions, the agent could be guilty of:

  • A. pandering
  • B. blockbusting
  • C. redlining
  • D. steering

Answer: D

Explanation:
Steering is the illegal practice of guiding prospective buyers toward or away from certain neighborhoods based on race, ethnicity, religion, or other protected characteristics. Even if the request comes from the buyer, complying with such directions violates the Fair Housing Act. The correct answer is D - steering.
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NEW QUESTION # 58
A North Carolina broker has been designated as the broker-in-charge (BIC) at a brokerage firm. This means that the broker:

  • A. can supervise both the main office and one or more branch offices.
  • B. must supervise all provisional brokers in the office.
  • C. can appoint a second BIC to help in the office.
  • D. must be the owner of the brokerage firm.

Answer: B

Explanation:
In North Carolina, theBroker#In#Charge (BIC)is responsible for supervisingall provisional brokersand ensuring they adhere to Commission rules. While a BIC may also supervise branch offices if appointed, the core statutory duty is direct supervision of licensed provisional brokers . Therefore,Option Dis the most accurate.


NEW QUESTION # 59
A seller sold their house for $600,000. They are responsible for paying a 6% commission to the listing broker, closing costs of $8,500, and the remaining balance on their prior mortgage loan of $60,000. How much will they net on the sale?

  • A. $499,610
  • B. $531,500
  • C. $564,000
  • D. $495,500

Answer: D

Explanation:
Total sale price = $600,000
Commission = $600,000 × 0.06 = $36,000
Total deductions = $36,000 (commission) + $8,500 (closing costs) + $60,000 (loan payoff) = $104,500 Net proceeds = $600,000 - $104,500 = $495,500 Correct answer: B
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NEW QUESTION # 60
The buyer of a farm wants to separately purchase a tractor from the seller. What document would MOST likely be required at closing to transfer ownership of the tractor?

  • A. Bill of sale
  • B. Purchase agreement
  • C. Deed
  • D. Personal property addendum

Answer: A

Explanation:
A bill of sale is the legal instrument used to transfer ownership of personal property-such as a tractor-from one party to another. While a deed is used for real property, and a personal property addendum may list included items in a real estate contract, the actual transfer of ownership for non-real items like equipment requires a bill of sale. Therefore, the correct answer is D.
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NEW QUESTION # 61
A property owner gave a five-acre parcel of land to a church as long as the church does not build a parking lot on it. What kind of estate does the church have for this property?

  • A. Defeasible fee estate
  • B. Conventional life estate
  • C. Life estate pur autre vie
  • D. Fee simple absolute

Answer: A

Explanation:
A defeasible fee estate (specifically, a fee simple determinable or fee simple subject to a condition subsequent) is one that may be voided if a specific condition is violated or a required event does not occur. In this case, the condition is that the church cannot build a parking lot. If it does, ownership may revert to the grantor. Therefore, the correct answer is B.
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NEW QUESTION # 62
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