Expert Answers to Real Estate Exam NCREC-Broker-N Questions

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North Carolina Real Estate Commission NC Real Estate Broker National

NC Real Estate Broker National

Last Update Sep 5, 2025
Total Questions : 125

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Questions 2

A North Carolina non-provisional broker at ABC Realty has been working with a buyer client to help them purchase a house listed by XYZ Realty. After the transaction closes, who will pay the non-provisional broker the commission they earned?

Options:

The buyer client

The seller

The qualifying broker of XYZ Realty

The supervising broker-in-charge at ABC Realty

Discussion 0

Questions 3

Which of the following will an appraiser consider when appraising a property?

Options:

The cost to update the subject property

The original price paid for the property

The average value of all available comparables

A reconciliation of values if more than one appraisal method is used

Discussion 0

Questions 4

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?

Options:

$499,610

$495,500

$531,500

$564,000

Discussion 0

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Questions 5

Under the provisions of a property management agreement, a property manager has a legal obligation to promote and protect whose interests?

Options:

The property owner

The tenants

The property owner and the tenants

The public

Discussion 0

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