North Carolina Real Estate Commission dumpspedia last Attempt Ncrec-broker-n Questions by Murphy q50 vce pdf

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

Question 8

A North Carolina real estate broker lists their vacation home for sale. A prospective buyer asks to see the property. Which statement is TRUE?

Options:

The broker can be a designated agent of the buyer if another licensee in the brokerage firm acts as the broker's designated agent.

The broker can represent the buyer with informed written consent because the property is not the broker's primary residence.

The broker can represent the buyer with informed written consent as long as the broker's ownership interest in the vacation home is less than 25%.

The broker cannot represent the buyer under any circumstances.

Discussion

Question 9

What is the primary purpose of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)?

Options:

To manage water pollution

To regulate air quality standards

To oversee wildlife conservation efforts

To address hazardous waste sites and establish cleanup requirements

Discussion

Question 10

In the context of antitrust laws, which action would be considered an example of a group boycott?

Options:

Two brokers from different firms agree to charge the same commission rate.

Two brokers from different firms agree to focus on different neighborhoods.

Two brokers from different firms agree to use the same marketing materials.

Two brokers from different firms agree not to cooperate with a new discount brokerage.

Discussion

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Question 11

Which of the following actions by a listing broker is an example of willful misrepresentation?

Options:

Accidentally providing incorrect square footage of a property

Deliberately hiding structural damage from a buyer

Forgetting to disclose a minor repair needed in the property

Misunderstanding the zoning ordinance for a property