Nc real estate broker - Study guides, Class notes & Summaries
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A Superior Test NC License Law 01 Questions and Answers
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A Superior Test NC License Law 01 
Questions and Answers 
What is the first point at which a provisional broker may begin practicing real estate in North 
Carolina? 
A:When the NCREC received notification of the provisional brokers activation with a BIC 
B:Upon successful completion of all coursework and required examinations 
C:Upon completion of all educational requirements 
D:Upon formal notification from the NCREC that the candidate has the successfully passed the 
real estate examination an...
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NC License Law Superior Quizzes 100% solved
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NC License Law Superior Quizzes 100% solved 
What is the first point at which a provisional broker may begin practicing real estate in North 
Carolina? -Answer-when the NCREC receives notification of the provisional broker's activation 
with a BIC 
An unlicensed assistant may do all of the following activities, EXCEPT: -Answer-exhibit homes 
that are for sale and show the buyer around the home 
With regard to timeshares, all of the following are true, EXCEPT: -Answer-Timeshares are not 
conside...
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NC Real Estate Exam Questions
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NC Real Estate Exam Questions 
 
Which statute governs the ad valorem taxation of property? 
 
A. Machinery Act 
B. General Statute 
C. The Ad Valorem Act 
D. Real Estate Taxation Act - A. Machinery Act 
 
This act provides a framework for listing, appraising, and assessing real and personal property 
 
Which type of valuation technique applies a standard percentage increase or decrease to all 
property in a specified location? 
 
A. Valuation 
B. County appraisal 
C. Mass appraisal 
D. There is...
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NC 2024- real estate broker pre-licensing Exam Latest Update with Verified Solutions
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NC 2024- real estate broker pre-licensing 
Exam Latest Update with Verified Solutions 
Syndication - Answer -Two or more forms joining together as an entity to own real estate 
Estate in severalty - Answer -Ownership by one individual 
Concurrent ownership - Answer -Two or more persons share ownership with undivided interests 
Tenancy in common - Answer -Co-ownership without right of survivorship to other owners 
Police power - Answer -The broad right of the government to place reasonable restri...
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NC Real Estate Exam Study Guide/ 660+ Qs & Ans/ 2024
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NC Real Estate Exam Study Guide/ 660+ Qs & Ans/ 2024. Terms like: 
 
Brokerage activities requiring a license - Answer: 1. Listing/offering to list real estate for sale/rent 
2. Selling/buying or offering to sell/buy 
3. Leasing/renting or offering to lease/rent 
4. Conducting/offering to conduct a real estate auction 
5. Selling/buying/leasing/assigning/exchanging interest in real estate in connection w/sale or purchase of business 
 
Activities exempt from licensing requirement - Answer: 1. ...
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NC Real Estate Terms Exam Questions with Correct Answers 2024
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NC Real Estate Terms Exam Questions with Correct Answers 2024 
 
 
Requirements for Licensure (Full broker) - Answer-1) Complete 3 separate 30 hour Post-Licensing classes (90 total hours) in order to remove your provisional status. 
2) Must have all the classes completed and pass the class exam. 
 
Post licensing classes DO NOT count as: - Answer-Continued Education 
 
If an agent doesn't complete their continued education by every June 10th what happens? - Answer-The agent becomes inactive 
 ...
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NC Real Estate Exam State Portion Questions and Answers
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NC Real Estate Exam State Portion Questions and Answers 
 
Which of the following is INCORRECT about the post licensing requirement of a provisional broker? 
A: the due date of the post licensing education is the anniversary date of licensure 
B: post licensing consists of three 30 hour courses which may be taken in any order and must be completed within 3 years of the date of licensure 
C: post licensing courses end on June 10th and must be completed for the provisional broker to renew their li...
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NC Post Licensing 303 Test 3|Study Questions with Correct Answers
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In NC, active RE license is required when: - ANSWER When assisting another broker 
for compensation in the providing of brokerage services. 
When can an unlicensed person engage in real estate activity? - ANSWER - Their own 
property 
- Attorney in fact 
- Attorney at law 
- Court-ordered sales 
- Trustees in foreclosure 
- Housing authorities
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NC REAL ESTATE POST-LICENSING 303 EXAM WITH GUARANTEED ACCURATE ANSWERS
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When is an active NC real estate license required? - Accurate AnswerWhen any person or entity is performing brokerage activities for consideration (payment) as an agent for others 
 
What brokerage activities require a person or firm to have a NC real estate license? - Accurate AnswerListing, leasing, buying, exchanging, auctioning, negotiating, referring, and selling. Also selling timeshares in advertising real property property in any manner. 
 
What activities do not require NC real estate li...
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North Carolina Real Estate Exam Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2024 | 67 Pages
- Exam (elaborations) • 67 pages • 2023
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When did it become mandatory to have a license to do real estate? - July 1, 1957 
Who issues licenses? - NC real estate commission 
Do you have to be licensed to get paid for referrals? - Yes, you must have an active license 
Brokerage activities requiring a license - 
1. Listing/offering to list real estate for sale/rent 
2. Selling/buying or offering to sell/buy 
3. Leasing/renting or offering to lease/rent 
4. Conducting/offering to conduct a real estate auction 
5. Selling/buying/leasing/as...
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