2025 Learn Test Pass Questions
with Accurate Answers
"Single-family home! Own for as little as $525 per month" correct answer
According to Regulation Z, as implemented by the Consumer Financial Protection
Bureau, which of the following statements in a print advertisement would require
full disclosure of material terms of the loan?
3 Bedroom, 3 Bath townhome available for sale or rent. Call Jerry Smith, broker,
ABC Realty 919.555.1212 correct answer Which of the following ads, run by a
provisional broker, would be acceptable according to Real Estate Commission
rule?
A "subject to" loan correct answer Which method of financing did a buyer likely
secure if the seller is still responsible for finance payments made on a property?
A back-up contract addendum correct answer A buyer wants to make an offer on
a property that is already under contract. In the buyer's offer the broker should
include:
A borrower who is refused a mortgage loan because all of his/her income is
derived through public assistance programs correct answer Which of the
following borrowers would most likely be afforded the protections of the equal
credit opportunity Act?
A broker is expected to be able to recognize situations where a buyer may need
to further investigate the property prior to purchase based on the buyer's
proposed use. correct answer Which of the following statements about land use
controls is accurate?
,A broker should advise the seller to maintain insurance on the property through
closing. correct answer Which of the following statements is TRUE with regard to
closing a real estate transaction?
A buyer tells a licensee that he is considering a purchase in the coming year.
correct answer A licensee is required to disclose the Working With Real Agent's
brochure at first substantial contact. Which of the following LEAST illustrates an
example of first substantial contact?
A buyer's agent setting an appointment with a seller to show his home correct
answer All of the following would require disclosure of agency status at first
substantial contact, EXCEPT:
A buyer's agent setting an appointment with a seller to show his home correct
answer All of the following would require disclosure of agency status at first
substantial contact, EXCEPT:
A contract formed when the seller mailed the document to the buyer. correct
answer A buyer represented by a licensee has made an offer to purchase a
property listed by another firm. The seller signs the offer and sends it to the
buyer's agent through US mail. The buyer receives the document 2 days later.
Which of the following is TRUE?
A licensee may reinstate his/her license if it has expired for more than six months
up to 2 years upon the submission of a complete and accurate application,
background check and payment of twice the current renewal rate along with
other conditions. correct answer If a licensee allows his/her license to expire or be
revoked, surrendered or suspended, which of the following action should be
taken?
,A lien agent must be appointed within 15 days of the work commencing. correct
answer A developer is building 30 homes in a new subdivision. One property is
estimated to cost $124,000 to build. Which of the following is TRUE with regard to
mechanics' liens in North Carolina?
A non-provisional broker must complete 8-hours of CE prior to June 30th
deadline. correct answer With regard to the activation of licenses, all of the
following statements are true, EXCEPT:
A person acting as a power-of-attorney on behalf of a property owner. correct
answer Which of the following activities would NOT require and active real estate
license?
A property management company is required to have all security deposit funds
deposited in a trust or escrow account or be bonded. correct answer With regard
to tenant security deposits, all of the following statements are correct, EXCEPT:
A protection agreement prior to showing the home to a buyer client. correct
answer A prudent buyers agent would ask a FSBO seller to sign:
A provisional broker and his/her broker-in-charge may act as dual agents in a
transaction. correct answer Which of the following statement is TRUE about
agency representation?
A provisional broker may prepare a BPO for a lender, for a fee, so long as they are
supervised by the broker-in-charge. correct answer Regarding BPO's (Broker Price
Opinions) all of the following statements are correct EXCEPT:
, A real estate agent may contact a consumer they have a business relationship
with for up to 18 months after the consumer's last purchase, even if the
consumer is on the do-not-call list. correct answer Which of the following is a
correct statement regarding Do-Not-Call laws?
A salaried employee of a corporation which sells new homes in several North
Carolina markets correct answer Which of the following would be exempt from
requiring a North Carolina Real Estate license?
A sole proprietorship with 10 affiliated provisional brokers. correct answer Which
of the following businesses are NOT required to obtain a firm license?
A special agent. correct answer A broker that is representing the seller in a
transaction is commonly acting as:
Ad Valorem tax rates are determined by dividing the city or county's annual
budget by the overall assessed value of real property within the city or county.
correct answer With regard to Ad Valorem taxes, which of the following
statements is TRUE?
Advise client regarding strategies for negotiating the terms of an offer correct
answer Which of the following duties would an agent owe to his buyer client?
Advise the seller to counter each offer at the highest offer price. correct answer A
seller lists her property for sale with the assistance of a broker under an Exclusive
Right to Sell listing agreement. The broker receives multiple offers on the
property. Which of the following actions should the broker NOT take?
with Accurate Answers
"Single-family home! Own for as little as $525 per month" correct answer
According to Regulation Z, as implemented by the Consumer Financial Protection
Bureau, which of the following statements in a print advertisement would require
full disclosure of material terms of the loan?
3 Bedroom, 3 Bath townhome available for sale or rent. Call Jerry Smith, broker,
ABC Realty 919.555.1212 correct answer Which of the following ads, run by a
provisional broker, would be acceptable according to Real Estate Commission
rule?
A "subject to" loan correct answer Which method of financing did a buyer likely
secure if the seller is still responsible for finance payments made on a property?
A back-up contract addendum correct answer A buyer wants to make an offer on
a property that is already under contract. In the buyer's offer the broker should
include:
A borrower who is refused a mortgage loan because all of his/her income is
derived through public assistance programs correct answer Which of the
following borrowers would most likely be afforded the protections of the equal
credit opportunity Act?
A broker is expected to be able to recognize situations where a buyer may need
to further investigate the property prior to purchase based on the buyer's
proposed use. correct answer Which of the following statements about land use
controls is accurate?
,A broker should advise the seller to maintain insurance on the property through
closing. correct answer Which of the following statements is TRUE with regard to
closing a real estate transaction?
A buyer tells a licensee that he is considering a purchase in the coming year.
correct answer A licensee is required to disclose the Working With Real Agent's
brochure at first substantial contact. Which of the following LEAST illustrates an
example of first substantial contact?
A buyer's agent setting an appointment with a seller to show his home correct
answer All of the following would require disclosure of agency status at first
substantial contact, EXCEPT:
A buyer's agent setting an appointment with a seller to show his home correct
answer All of the following would require disclosure of agency status at first
substantial contact, EXCEPT:
A contract formed when the seller mailed the document to the buyer. correct
answer A buyer represented by a licensee has made an offer to purchase a
property listed by another firm. The seller signs the offer and sends it to the
buyer's agent through US mail. The buyer receives the document 2 days later.
Which of the following is TRUE?
A licensee may reinstate his/her license if it has expired for more than six months
up to 2 years upon the submission of a complete and accurate application,
background check and payment of twice the current renewal rate along with
other conditions. correct answer If a licensee allows his/her license to expire or be
revoked, surrendered or suspended, which of the following action should be
taken?
,A lien agent must be appointed within 15 days of the work commencing. correct
answer A developer is building 30 homes in a new subdivision. One property is
estimated to cost $124,000 to build. Which of the following is TRUE with regard to
mechanics' liens in North Carolina?
A non-provisional broker must complete 8-hours of CE prior to June 30th
deadline. correct answer With regard to the activation of licenses, all of the
following statements are true, EXCEPT:
A person acting as a power-of-attorney on behalf of a property owner. correct
answer Which of the following activities would NOT require and active real estate
license?
A property management company is required to have all security deposit funds
deposited in a trust or escrow account or be bonded. correct answer With regard
to tenant security deposits, all of the following statements are correct, EXCEPT:
A protection agreement prior to showing the home to a buyer client. correct
answer A prudent buyers agent would ask a FSBO seller to sign:
A provisional broker and his/her broker-in-charge may act as dual agents in a
transaction. correct answer Which of the following statement is TRUE about
agency representation?
A provisional broker may prepare a BPO for a lender, for a fee, so long as they are
supervised by the broker-in-charge. correct answer Regarding BPO's (Broker Price
Opinions) all of the following statements are correct EXCEPT:
, A real estate agent may contact a consumer they have a business relationship
with for up to 18 months after the consumer's last purchase, even if the
consumer is on the do-not-call list. correct answer Which of the following is a
correct statement regarding Do-Not-Call laws?
A salaried employee of a corporation which sells new homes in several North
Carolina markets correct answer Which of the following would be exempt from
requiring a North Carolina Real Estate license?
A sole proprietorship with 10 affiliated provisional brokers. correct answer Which
of the following businesses are NOT required to obtain a firm license?
A special agent. correct answer A broker that is representing the seller in a
transaction is commonly acting as:
Ad Valorem tax rates are determined by dividing the city or county's annual
budget by the overall assessed value of real property within the city or county.
correct answer With regard to Ad Valorem taxes, which of the following
statements is TRUE?
Advise client regarding strategies for negotiating the terms of an offer correct
answer Which of the following duties would an agent owe to his buyer client?
Advise the seller to counter each offer at the highest offer price. correct answer A
seller lists her property for sale with the assistance of a broker under an Exclusive
Right to Sell listing agreement. The broker receives multiple offers on the
property. Which of the following actions should the broker NOT take?
