SUPERIOR REAL ESTATE SCHOOL EXAM BANK
2025/2026 NEWEST CURRENTLY TESTING AND
FREQUENTLY TESTED QUESTIONS AND
ANSWERS WITH A STUDY GUIDE | EXPERTLY
VERIFIED FOR GUARANTEED PASS | LATEST
UPDATE
/ALREADY GRADED A+
Jack is a licensed real estate professional in Illinois. He has
been a broker for many years, but is not licensed in NC. Jack
has a friend who wants to purchase a home in Charlotte, NC.
In regard to the representation of this buyer all of the
following are TRUE, EXCEPT:
A. Jack may refer the buyer to a licensed NC broker and
receive a referral fee even though he is not licensed in NC.
B. Jack may meet with the buyer in Illinois and explain
the purchase process and answer questions about the NC
transaction.
C. So long as Jack affiliates with a NC broker he
may accompany the buyer to North Carolina and
assist in showing the buyer property
D. The NC real estate commission does not have
jurisdiction over Jack unless Jack conducts illegal
1
,brokerage activities in NC - ....ANSWER...C. So long as
Jack affiliates with a NC broker he may accompany the
buyer to North Carolina and assist in showing the buyer
property
Which type of estate cannot pass by inheritance?
A. fee simple estate
B. fee simple condition subsequent estate
C. conventional life estate
D. pur autre vie life estate - ....ANSWER...C. conventional
life estate
A rectangular-shaped parcel of land, which measures 400 feet
by 600 feet, is divided into two equal lots by a creek that runs
from the northeast corner to the southwest corner. What is the
approximate acreage of each divided parcel?
A. 55 acres
B. 2.75 acres
C. 3.47 acres
D. 5.51 acres - ....ANSWER...B. 2.75 acres
Assume annual real estate taxes amount to $1,800 and have
2
,been paid in advance for the calendar year by the seller. If
closing is set for September 15, which of the following is
correct?
A. credit seller $525; debit buyer $1,275
B. credit seller $1,275; debit buyer $525
C. credit buyer $525; debit seller $1,275
D. credit seller $525; debit buyer $525 -
....ANSWER...D. credit seller $525; debit buyer $525
Which of the following statements is/are true? I. A freehold
estate and a nonfreehold estate will never exist at the same
time on the same property. II. A life estate is a nonfreehold
estate.
A. I only
B. II only
C. Both I and II
D. Neither I nor II - ....ANSWER...D. Neither I nor II
Judy is an unlicensed individual. Her parents are selling their
3
, own home as For Sale by Owner without the representation
of a real estate licensee. While her parents are on vacation,
Judy shows the home to some interested potential buyers and
has long conversations with them about the conditions under
which they may purchase her parent's home. Judy's parents do
not pay her in cash but instead offer to send on an upcoming
vacation. Is Judy in violation of NC Licensing Law?
A. No because the home is her parent's own property and it is
therefore exempt from the licensure requirement.
B. No, because Judy did not receive any cash payment for
her activity.
4
2025/2026 NEWEST CURRENTLY TESTING AND
FREQUENTLY TESTED QUESTIONS AND
ANSWERS WITH A STUDY GUIDE | EXPERTLY
VERIFIED FOR GUARANTEED PASS | LATEST
UPDATE
/ALREADY GRADED A+
Jack is a licensed real estate professional in Illinois. He has
been a broker for many years, but is not licensed in NC. Jack
has a friend who wants to purchase a home in Charlotte, NC.
In regard to the representation of this buyer all of the
following are TRUE, EXCEPT:
A. Jack may refer the buyer to a licensed NC broker and
receive a referral fee even though he is not licensed in NC.
B. Jack may meet with the buyer in Illinois and explain
the purchase process and answer questions about the NC
transaction.
C. So long as Jack affiliates with a NC broker he
may accompany the buyer to North Carolina and
assist in showing the buyer property
D. The NC real estate commission does not have
jurisdiction over Jack unless Jack conducts illegal
1
,brokerage activities in NC - ....ANSWER...C. So long as
Jack affiliates with a NC broker he may accompany the
buyer to North Carolina and assist in showing the buyer
property
Which type of estate cannot pass by inheritance?
A. fee simple estate
B. fee simple condition subsequent estate
C. conventional life estate
D. pur autre vie life estate - ....ANSWER...C. conventional
life estate
A rectangular-shaped parcel of land, which measures 400 feet
by 600 feet, is divided into two equal lots by a creek that runs
from the northeast corner to the southwest corner. What is the
approximate acreage of each divided parcel?
A. 55 acres
B. 2.75 acres
C. 3.47 acres
D. 5.51 acres - ....ANSWER...B. 2.75 acres
Assume annual real estate taxes amount to $1,800 and have
2
,been paid in advance for the calendar year by the seller. If
closing is set for September 15, which of the following is
correct?
A. credit seller $525; debit buyer $1,275
B. credit seller $1,275; debit buyer $525
C. credit buyer $525; debit seller $1,275
D. credit seller $525; debit buyer $525 -
....ANSWER...D. credit seller $525; debit buyer $525
Which of the following statements is/are true? I. A freehold
estate and a nonfreehold estate will never exist at the same
time on the same property. II. A life estate is a nonfreehold
estate.
A. I only
B. II only
C. Both I and II
D. Neither I nor II - ....ANSWER...D. Neither I nor II
Judy is an unlicensed individual. Her parents are selling their
3
, own home as For Sale by Owner without the representation
of a real estate licensee. While her parents are on vacation,
Judy shows the home to some interested potential buyers and
has long conversations with them about the conditions under
which they may purchase her parent's home. Judy's parents do
not pay her in cash but instead offer to send on an upcoming
vacation. Is Judy in violation of NC Licensing Law?
A. No because the home is her parent's own property and it is
therefore exempt from the licensure requirement.
B. No, because Judy did not receive any cash payment for
her activity.
4
