North Carolina 75-Hour Broker Pre-Licensing Final Exam (Passed Attempt) Comprehensive
Questions & Verified Answers|| 2026 Version Pdf.
Correct 56
100% o
Incorrect (00
56 Graded Quizzes & Answers
1of 56
Term
On the borrower's Closing Disclosure, the interest rate _
Can be different than the rate shown on the Loan Estimate if the rate
weren't locked
Can be different than the rate shown on the Loan Estimate only if it's an
adjustable rate product
Can never be different than the rate shown on the Loan Estimate
Will always be different than the rate shown on the Loan Estimate
Give this one a try later!
Can be different than the rate
+/ shown on the Loan Estimate if
1/63
, the rate weren't locked explains any changes from the Loan
Estimate.
The seller isn't obligated to The increase in value of the property
proactively disclose property beyond what the investor originally
defects. invested as a down payment
Don't know?
1 of 56
Term
Easements are a type of encumbrance that can affect a property.
Which of the following is true about easements?
An easement is a right one party acquired to use another party's land,
usually for one day.
An easement requires the property owner's express permission.
Easements are always permanent.
Easements are often established by a written agreement between the
parties.
Give this one a try later!
Easements are OFTEN established by a written agreement between the
parties.
- Easements come in many forms, are of varying duration, and may be
established with or without the owner's permission.
- They're often established by a written agreement between the parties.
2/63
, See if someone is following you and notice if you have an uneasy feeling
The taxpayer lived in the home at least 2 of the 5 years immediately preceding the
sale, with an exclusion of up to:
- $250,000 for SINGLE taxpayers,
- $500,000 for COUPLES filing jointly.
Judicial foreclosure
Don't know?
3 of 56
Term <)
Which of the following organizations approved the North Carolina
Offer
to Purchase and Contract - Vacant Lots/Land, Standard Form 12-
T?
FHA and VA
NCBA and NCAR
NCREC
NCREC, NCBA, and NCAR
Give this one a try later!
Check for accuracy of personal and
+/ NCBAand NCAR transaction information and
363
, Don't know?
4 of 56
Term
What's a legal description?
A description of the land that specifies the boundaries and location of
a specific piece of real property
An object used as a boundary or starting point for a metes and bounds
description
A professional, on-site measurement of the lot lines and dimensions of
a property, including the location of any improvements (such as a
house) on the lot, any encroachments that may exist, and any
easements of public record
The street address of a property, including the city, state, and zip code
(also known as a "mailing address")
Give this one a try later!
4/63
Questions & Verified Answers|| 2026 Version Pdf.
Correct 56
100% o
Incorrect (00
56 Graded Quizzes & Answers
1of 56
Term
On the borrower's Closing Disclosure, the interest rate _
Can be different than the rate shown on the Loan Estimate if the rate
weren't locked
Can be different than the rate shown on the Loan Estimate only if it's an
adjustable rate product
Can never be different than the rate shown on the Loan Estimate
Will always be different than the rate shown on the Loan Estimate
Give this one a try later!
Can be different than the rate
+/ shown on the Loan Estimate if
1/63
, the rate weren't locked explains any changes from the Loan
Estimate.
The seller isn't obligated to The increase in value of the property
proactively disclose property beyond what the investor originally
defects. invested as a down payment
Don't know?
1 of 56
Term
Easements are a type of encumbrance that can affect a property.
Which of the following is true about easements?
An easement is a right one party acquired to use another party's land,
usually for one day.
An easement requires the property owner's express permission.
Easements are always permanent.
Easements are often established by a written agreement between the
parties.
Give this one a try later!
Easements are OFTEN established by a written agreement between the
parties.
- Easements come in many forms, are of varying duration, and may be
established with or without the owner's permission.
- They're often established by a written agreement between the parties.
2/63
, See if someone is following you and notice if you have an uneasy feeling
The taxpayer lived in the home at least 2 of the 5 years immediately preceding the
sale, with an exclusion of up to:
- $250,000 for SINGLE taxpayers,
- $500,000 for COUPLES filing jointly.
Judicial foreclosure
Don't know?
3 of 56
Term <)
Which of the following organizations approved the North Carolina
Offer
to Purchase and Contract - Vacant Lots/Land, Standard Form 12-
T?
FHA and VA
NCBA and NCAR
NCREC
NCREC, NCBA, and NCAR
Give this one a try later!
Check for accuracy of personal and
+/ NCBAand NCAR transaction information and
363
, Don't know?
4 of 56
Term
What's a legal description?
A description of the land that specifies the boundaries and location of
a specific piece of real property
An object used as a boundary or starting point for a metes and bounds
description
A professional, on-site measurement of the lot lines and dimensions of
a property, including the location of any improvements (such as a
house) on the lot, any encroachments that may exist, and any
easements of public record
The street address of a property, including the city, state, and zip code
(also known as a "mailing address")
Give this one a try later!
4/63
