North Carolina Real Estate Commission dumpscollection vce Ncrec-broker-n Questions Latest by Roisin q38 vce pdf

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Exam Name:	NC Real Estate Broker National
Exam Code:	NCREC-Broker-N Dumps
Vendor:	North Carolina Real Estate Commission	Certification:	Real Estate Broker
Questions:	125 Q&A's	Shared By:	roisin

Question 24

What duty does a North Carolina real estate broker have related to material facts?

Options:

An affirmative duty to discover and disclose material facts to all parties

An affirmative duty to discover and disclose material facts to their clients only

A duty to disclose known material facts to all parties but no affirmative duty to discover material facts

A duty to disclose known material facts to their clients only but no affirmative duty to discover material facts

Discussion

Question 25

A prospective buyer offers to buy a house for $415,000, with an earnest money deposit of $1,000. The seller crosses out the earnest money amount, changes it to $4,000, initials and dates the change, signs the offer, and returns it to the buyer. Which of the following statements is TRUE?

Options:

Because the seller changed only the earnest money amount and not the price, the offer was accepted as soon as the seller signed it.

Because the seller changed only the earnest money amount and not the price, the offer was accepted when the seller notified the buyer.

If the buyer rejects the change, the seller can accept the buyer's original offer.

The seller has rejected the original offer and made a counteroffer.

Discussion

Question 26

When a borrower obtains an FHA-insured loan, the source of the funds is MOST likely to be:

Options:

an approved lender

the Department of Housing and Urban Development (HUD)

Fannie Mae

the Federal Housing Administration (FHA)

Discussion

Question 27

By what right could a county acquire private land necessary to build a new highway ramp?

Options:

Condemnation

Eminent domain

Escheat

Police power

Discussion

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north carolina real estate commission.dumpspedia.last attempt ncrec-broker-n questions.by murphy.q50.vce.pdf

2025-08-13