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NC Real Estate Final Exam 2025/2026 | 200+ Verified Questions | RESPA, Trust Accounts, Fair Housing & Lease Law

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This document offers over 200 fully answered and illustrated questions for the North Carolina Real Estate Final Exam, designed specifically for the 2025/2026 licensing cycle. It is based on the curriculum of the Superior School of Real Estate and aligns closely with NC Real Estate Commission (NCREC) requirements. The content is tailored for pre-licensing students preparing for the North Carolina real estate broker licensing exam, with clear answers, explanations, and applied math problems. Structured in a Q&A format, the material covers all core areas tested on the exam and integrates North Carolina-specific laws and procedures. Key legal acts, contract terms, agency responsibilities, finance, landlord-tenant regulations, and property transfer protocols are presented with clarity to ensure strong comprehension and exam success. Key topics include: RESPA and TILA applications in 1–4 family transactions Landlord and tenant law, ground leases, lease types (gross, net, index), and eviction rules Broker trust account rules, deposits, commingling limits, and disbursement regulations Disclosure laws, including radon levels, property condition statements, and agent obligations Loan types and finance math, including reverse annuity mortgages, net-to-seller calculations, and amortization Contracts and deeds, executory vs executed, general warranty deed requirements, promissory note elements Fair Housing Act compliance, including prohibited practices (steering, redlining) and protected classes NCREC rules, timelines for reporting convictions, name/address changes, and licensee conduct Zoning and land use law, dedication, conversions, easements, and public use transfers Property management duties, depreciation, rent collection, and fiduciary responsibilities This document is especially useful for: North Carolina real estate pre-licensing students at Superior School or other accredited programs Individuals preparing for the NCREC real estate broker exam Trainees in real estate law, finance, or property management programs within North Carolina Brokers-in-training who need a quick-reference review tool for last-minute prep or group study All content is explained with exam-focused clarity and provides contextual reasoning to reinforce legal and practical understanding, making this document an essential study guide for passing the NC real estate exam on the first try. Keywords: NC real estate exam 2025, NCREC final exam questions, Superior School real estate prep, RESPA NC rules, North Carolina lease laws, fair housing violations, trust account broker rules, net-to-seller math NC, deed requirements NC, NC property disclosure, ground lease rights, conversion real estate law, executory contract, promissory note NC, time share disclosures NC

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Superior NC Real Estate Important Final
Exam Questions 2025/2026 Exam All
Answers and Illustrations Given



RESPA - 🧠 ANSWER ✔✔-Real Estate Settlement Procedures Act: applies

ONLY to 1-4 family residential transactions, transactions involving a

"federally related" mortgage (conventional, FHA, VA)

Which party's signature is required on a deed of trust?




A. the trustee

B. the beneficiary

C. the trustor(s)


D. the grantee(s) - 🧠 ANSWER ✔✔C. the trustor(s)

, The trustor is the borrower in a lending situation using a trust deed. The

borrower is giving the lender security or collateral interests in the property.

Because those rights and interests belong to the borrower and they are

surrendering them, only the trustor (or borrower) must sign the trust deed.

Under which of the following types of mortgage loans would a buyer have

to produce a certificate of reasonable value?

A. VA Guaranteed Loan

B.VA Insured Loan

C.FHA Insured Loan


D.Conventional Loan - 🧠 ANSWER ✔✔A. VA Guaranteed Loan


The certificate of reasonable value or CRV is the name for the appraisal in

a VA loan. VA loans are guaranteed, FHA loans are insured. The appraisal

in an FHA loan is called a Conditional Committment.


Encapsulation refers to: - 🧠 ANSWER ✔✔The sealing away of friable

asbestos

Radon becomes a material fact in North Carolina:

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