NC Broker Prelicensing — Course Final
NORTH CAROLINA REAL ESTATE BROKER PRELICENSING |
COURSE FINAL EXAM | EXAM QUESTIONS AND CORRECT
ANSWERS | 2026/2027
NORTH CAROLINA REAL ESTATE BROKER PRELICENSING
COURSE FINAL EXAMINATION
1. Which body is responsible for administering and enforcing the North
Carolina Real Estate License Law?
A. The North Carolina Real Estate Commission
B. The North Carolina Association of REALTORS®
C. The North Carolina Department of Commerce
D. The North Carolina Secretary of State
A. The North Carolina Real Estate Commission
The Commission licenses brokers and firms, adopts rules, and
disciplines licensees; the REALTOR® association is a private trade
group with no licensing authority.
2. The North Carolina Real Estate License Law is found in which chapter
of the General Statutes?
A. Chapter 42
B. Chapter 47E
C. Chapter 39
D. Chapter 93A
D. Chapter 93A
Chapter 93A contains the License Law; Chapter 47E covers property
disclosure and Chapter 42 covers landlord and tenant.
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, NC Broker Prelicensing — Course Final
3. Which of the following persons may perform brokerage acts for
others without holding a real estate license?
A. A person who negotiates leases for a relative in exchange for
compensation
B. A manager who collects rents for several unrelated owners for a
percentage
C. A person who sells homes for friends for a small flat fee
D. A trustee in bankruptcy acting under a court order
D. A trustee in bankruptcy acting under a court order
Persons acting under court order, such as a bankruptcy trustee or
receiver, are exempt; acting for others for compensation otherwise
requires a license.
4. A licensee who changes his or her residence address must notify the
Commission within:
A. 60 days
B. 5 days
C. 10 days
D. 30 days
C. 10 days
Commission rules require written notice of a change of name or
address within 10 days.
5. When a listing broker receives a written offer on the property, the
broker must deliver a copy to the seller:
A. Only if the offer is at or above the listing price
B. Only after the earnest money has cleared
C. Immediately, and in no event later than five days
D. Within ten banking days
C. Immediately, and in no event later than five days
All offers must be delivered to the principal immediately, but in no
case later than five days from receipt.
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, NC Broker Prelicensing — Course Final
6. Under Commission rules, advertising by a broker must:
A. Avoid naming the firm to protect seller confidentiality
B. Be approved in advance by the Commission
C. Clearly identify the name of the firm or broker
D. List only the broker's license number
C. Clearly identify the name of the firm or broker
Blind ads are prohibited; every advertisement must clearly show the
firm or broker name.
7. Which of the following sanctions may the Real Estate Commission
impose on a licensee who violates the License Law?
A. Imprisonment in the county jail
B. An award of money damages directly to the consumer
C. Reprimand, censure, suspension, or revocation of the license
D. A criminal conviction for fraud
C. Reprimand, censure, suspension, or revocation of the license
The Commission's disciplinary powers are administrative and run
against the license; criminal penalties and civil damages come from the
courts.
8. A person who engages in real estate brokerage in North Carolina
without a license is guilty of:
A. A Class A felony
B. A Class 1 misdemeanor
C. No offense if the buyer was satisfied
D. An infraction with no criminal record
B. A Class 1 misdemeanor
Unlicensed brokerage is a Class 1 misdemeanor, and the person also
cannot sue to collect a commission.
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9. The Real Estate Education and Recovery Fund will not pay more than
what amount for any single transaction, regardless of how many
persons are aggrieved?
A. $20,000
B. $25,000
C. $50,000
D. $100,000
C. $50,000
G.S. 93A-21 caps fund liability at $50,000 per transaction.
10. Before an aggrieved person may collect from the Real Estate
Education and Recovery Fund, the person generally must:
A. Show the licensee's license has been revoked
B. Wait until the licensee renews the license
C. Obtain a court judgment against the licensee that cannot be
collected
D. File a complaint with the local Board of REALTORS®
C. Obtain a court judgment against the licensee that cannot be
collected
The fund pays unsatisfied judgments for losses caused by a licensee's
misconduct in a transaction.
SECTION 2: LICENSING, EDUCATION, AND LICENSE MAINTENANCE
11. How many hours of prelicensing education must an applicant
complete before taking the North Carolina broker examination?
A. 60 hours
B. 90 hours
C. 120 hours
D. 75 hours
D. 75 hours
The broker prelicensing course is 75 classroom hours, unless the
applicant qualifies for a waiver.
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NORTH CAROLINA REAL ESTATE BROKER PRELICENSING |
COURSE FINAL EXAM | EXAM QUESTIONS AND CORRECT
ANSWERS | 2026/2027
NORTH CAROLINA REAL ESTATE BROKER PRELICENSING
COURSE FINAL EXAMINATION
1. Which body is responsible for administering and enforcing the North
Carolina Real Estate License Law?
A. The North Carolina Real Estate Commission
B. The North Carolina Association of REALTORS®
C. The North Carolina Department of Commerce
D. The North Carolina Secretary of State
A. The North Carolina Real Estate Commission
The Commission licenses brokers and firms, adopts rules, and
disciplines licensees; the REALTOR® association is a private trade
group with no licensing authority.
2. The North Carolina Real Estate License Law is found in which chapter
of the General Statutes?
A. Chapter 42
B. Chapter 47E
C. Chapter 39
D. Chapter 93A
D. Chapter 93A
Chapter 93A contains the License Law; Chapter 47E covers property
disclosure and Chapter 42 covers landlord and tenant.
Page 1 of 63
, NC Broker Prelicensing — Course Final
3. Which of the following persons may perform brokerage acts for
others without holding a real estate license?
A. A person who negotiates leases for a relative in exchange for
compensation
B. A manager who collects rents for several unrelated owners for a
percentage
C. A person who sells homes for friends for a small flat fee
D. A trustee in bankruptcy acting under a court order
D. A trustee in bankruptcy acting under a court order
Persons acting under court order, such as a bankruptcy trustee or
receiver, are exempt; acting for others for compensation otherwise
requires a license.
4. A licensee who changes his or her residence address must notify the
Commission within:
A. 60 days
B. 5 days
C. 10 days
D. 30 days
C. 10 days
Commission rules require written notice of a change of name or
address within 10 days.
5. When a listing broker receives a written offer on the property, the
broker must deliver a copy to the seller:
A. Only if the offer is at or above the listing price
B. Only after the earnest money has cleared
C. Immediately, and in no event later than five days
D. Within ten banking days
C. Immediately, and in no event later than five days
All offers must be delivered to the principal immediately, but in no
case later than five days from receipt.
Page 2 of 63
, NC Broker Prelicensing — Course Final
6. Under Commission rules, advertising by a broker must:
A. Avoid naming the firm to protect seller confidentiality
B. Be approved in advance by the Commission
C. Clearly identify the name of the firm or broker
D. List only the broker's license number
C. Clearly identify the name of the firm or broker
Blind ads are prohibited; every advertisement must clearly show the
firm or broker name.
7. Which of the following sanctions may the Real Estate Commission
impose on a licensee who violates the License Law?
A. Imprisonment in the county jail
B. An award of money damages directly to the consumer
C. Reprimand, censure, suspension, or revocation of the license
D. A criminal conviction for fraud
C. Reprimand, censure, suspension, or revocation of the license
The Commission's disciplinary powers are administrative and run
against the license; criminal penalties and civil damages come from the
courts.
8. A person who engages in real estate brokerage in North Carolina
without a license is guilty of:
A. A Class A felony
B. A Class 1 misdemeanor
C. No offense if the buyer was satisfied
D. An infraction with no criminal record
B. A Class 1 misdemeanor
Unlicensed brokerage is a Class 1 misdemeanor, and the person also
cannot sue to collect a commission.
Page 3 of 63
, NC Broker Prelicensing — Course Final
9. The Real Estate Education and Recovery Fund will not pay more than
what amount for any single transaction, regardless of how many
persons are aggrieved?
A. $20,000
B. $25,000
C. $50,000
D. $100,000
C. $50,000
G.S. 93A-21 caps fund liability at $50,000 per transaction.
10. Before an aggrieved person may collect from the Real Estate
Education and Recovery Fund, the person generally must:
A. Show the licensee's license has been revoked
B. Wait until the licensee renews the license
C. Obtain a court judgment against the licensee that cannot be
collected
D. File a complaint with the local Board of REALTORS®
C. Obtain a court judgment against the licensee that cannot be
collected
The fund pays unsatisfied judgments for losses caused by a licensee's
misconduct in a transaction.
SECTION 2: LICENSING, EDUCATION, AND LICENSE MAINTENANCE
11. How many hours of prelicensing education must an applicant
complete before taking the North Carolina broker examination?
A. 60 hours
B. 90 hours
C. 120 hours
D. 75 hours
D. 75 hours
The broker prelicensing course is 75 classroom hours, unless the
applicant qualifies for a waiver.
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