NC Real Estate Exam Questions Verified
and Provided with Complete A+ Graded
Answers Latest Updated 2026
Which statute governs the ad valorem taxation of A. Machinery Act
property?
This act provides a framework for listing, appraising, and assessing real
A. Machinery Act and personal property
B. General Statute
C. The Ad Valorem Act
D. Real Estate Taxation Act
Which type of valuation technique applies a C. Mass Appraisal
standard percentage increase or decrease to all
property in a specified location? This is a valuation technique that is sometimes used for tax assessment
purposes. It is also referred to as a horizontal adjustment.
A. Valuation
B. County appraisal
C. Mass appraisal
D. There is no such appraisal
What is am octennial reappraisal? B. The statutory reappraisal of all real property in North Carolina for tax
purposes.
A. Grouping reappraisals by square footage and
year built This is an octennial reappraisal and requires all counties to reappraise
B. The statutory reappraisal of all real property in property within in a specified time period.
North Carolina for tax purposes
C. Reappraisals done in groups of eight
D. None of the above
The_____is responsible for real estate licensing. C. North Carolina Real Estate Commission (NCREC)
A. Federal Real Estate Commission This commission is responsible for real estate licensees, education, and
B. Housing and Urban Development other resources regarding real estate in the state of North Carolina.
C. North Carolina Real Estate Commission
(NCREC)
D. County Clerks Office
Which type of lien provides security to persons B) Mechanic's lien
that work on real property owned by others?
This type of lien is typically used to guarantee of payment to builders,
A. Mortgage lien contractors, and construction firms
B. Mechanic's lien
C. Real estate tax lien
D. State income tax lien
, Which of the following is a requirement to become D) All of the above
a real estate broker in North Carolina?
All of the above are requirements to become a real estate agent
A. 18 years of age in North Carolina. The real estate courses must be approved and
B.90 hours of real estate courses in a classroom setting.
C. Payment of an application fee
D.All of the above
Which type of broker licence status category is A) Provisional broker
"entry level" and requires supervision?
This is an entry level license status and only requires 75 hours of
A. Provisional broker pre-licensing education and passing of the license examination
B. Broker in charge
C.Broker
D. There is no such license status category
Which statement is true about the North Carolina B) They are responsible for overseeing the licensing and regulating of
Real Estate Commission? real estate agents in North Carolina
A. There are a not-for-profit firm that manages real This is an independent sate governmental agency that oversees
estate agents over 80,000 agents. They manage licensing requirement, laws,
B. They are responsible for overseeing the exams, renewal information, forms, and more.
licensing and regulating of real estate agents in
North Carolina
C. They are a private agency created to protect
the real estate industry in the state of North
Carolina
D.None of the above
Which non-profit trade association represents 46 A) North Carolina Association of Realtors
local real estate associations in North Carolina and
provides opportunities and resources that aid the This state organization is non-profit and was founded in 1921. It is one of
members? the largest and most influential sate associations in the state. It has a
membership of over 47,000 professionals.
A. North Carolina Association of Real Estate
Brokers
B.National Association of Real Estate Brokers
C. The Association of Real Estate License
Law Officials
D.The National Association of Realtors
Which of the following statements if true about B) They must pay a fee for the nonresident license
reciprocity in North Carolina?
Other rules for reciprocity include the agent must be in food standing
A. They must take the North Carolina and have an active license in the original state and a salesperson
licensing exam license must be actively and personally supervised by a licensee in
B. They must pay a fee for the nonresident North Carolina
license
C. The licensee does not have to have an
active license in the original state
D.All of the above is true
Real estate applicants must provide proof A) General moral character
that they possess__.
The applicant must possess general moral character as well as
A. General moral character competency, honesty, truthfulness, and integrity.
B. The ability to sell
C. Organization skills
D.Communication skills
and Provided with Complete A+ Graded
Answers Latest Updated 2026
Which statute governs the ad valorem taxation of A. Machinery Act
property?
This act provides a framework for listing, appraising, and assessing real
A. Machinery Act and personal property
B. General Statute
C. The Ad Valorem Act
D. Real Estate Taxation Act
Which type of valuation technique applies a C. Mass Appraisal
standard percentage increase or decrease to all
property in a specified location? This is a valuation technique that is sometimes used for tax assessment
purposes. It is also referred to as a horizontal adjustment.
A. Valuation
B. County appraisal
C. Mass appraisal
D. There is no such appraisal
What is am octennial reappraisal? B. The statutory reappraisal of all real property in North Carolina for tax
purposes.
A. Grouping reappraisals by square footage and
year built This is an octennial reappraisal and requires all counties to reappraise
B. The statutory reappraisal of all real property in property within in a specified time period.
North Carolina for tax purposes
C. Reappraisals done in groups of eight
D. None of the above
The_____is responsible for real estate licensing. C. North Carolina Real Estate Commission (NCREC)
A. Federal Real Estate Commission This commission is responsible for real estate licensees, education, and
B. Housing and Urban Development other resources regarding real estate in the state of North Carolina.
C. North Carolina Real Estate Commission
(NCREC)
D. County Clerks Office
Which type of lien provides security to persons B) Mechanic's lien
that work on real property owned by others?
This type of lien is typically used to guarantee of payment to builders,
A. Mortgage lien contractors, and construction firms
B. Mechanic's lien
C. Real estate tax lien
D. State income tax lien
, Which of the following is a requirement to become D) All of the above
a real estate broker in North Carolina?
All of the above are requirements to become a real estate agent
A. 18 years of age in North Carolina. The real estate courses must be approved and
B.90 hours of real estate courses in a classroom setting.
C. Payment of an application fee
D.All of the above
Which type of broker licence status category is A) Provisional broker
"entry level" and requires supervision?
This is an entry level license status and only requires 75 hours of
A. Provisional broker pre-licensing education and passing of the license examination
B. Broker in charge
C.Broker
D. There is no such license status category
Which statement is true about the North Carolina B) They are responsible for overseeing the licensing and regulating of
Real Estate Commission? real estate agents in North Carolina
A. There are a not-for-profit firm that manages real This is an independent sate governmental agency that oversees
estate agents over 80,000 agents. They manage licensing requirement, laws,
B. They are responsible for overseeing the exams, renewal information, forms, and more.
licensing and regulating of real estate agents in
North Carolina
C. They are a private agency created to protect
the real estate industry in the state of North
Carolina
D.None of the above
Which non-profit trade association represents 46 A) North Carolina Association of Realtors
local real estate associations in North Carolina and
provides opportunities and resources that aid the This state organization is non-profit and was founded in 1921. It is one of
members? the largest and most influential sate associations in the state. It has a
membership of over 47,000 professionals.
A. North Carolina Association of Real Estate
Brokers
B.National Association of Real Estate Brokers
C. The Association of Real Estate License
Law Officials
D.The National Association of Realtors
Which of the following statements if true about B) They must pay a fee for the nonresident license
reciprocity in North Carolina?
Other rules for reciprocity include the agent must be in food standing
A. They must take the North Carolina and have an active license in the original state and a salesperson
licensing exam license must be actively and personally supervised by a licensee in
B. They must pay a fee for the nonresident North Carolina
license
C. The licensee does not have to have an
active license in the original state
D.All of the above is true
Real estate applicants must provide proof A) General moral character
that they possess__.
The applicant must possess general moral character as well as
A. General moral character competency, honesty, truthfulness, and integrity.
B. The ability to sell
C. Organization skills
D.Communication skills
