NC Real Estate Exam State
Portion Exam Study Guide –
Practice Questions with
Verified Answers. GRADED A+.
Latest 2026/2027 Update
When must a firm practicing "designated agency" disclose to the seller the
name of the agent representing the buyer.
A: at first substantial contact with the seller
B: at initial contact with the seller
C: at the time the buyer's agent shows the seller's property
D: at the time the offer is submitted to the seller - Answer✔✔-D: at the time
the offer is submitted to the seller
What is the first point at which a provisional broker may begin practicing real
estate in North Carolina?
A: when the NCREC receives notification of the provisional broker's activation
with a BIC
B: upon successful completion of all course work and required examinations
C: upon completion of all educational requirements
,D: upon formal notification from the NCREC that the candidate has successfully
passed the real estate examination and has been issued a license number -
Answer✔✔-A: when the NCREC receives notification of the provisional broker's
activation with a BIC
Which of the following is INCORRECT about the post licensing requirement of a
provisional broker?
A: the due date of the post licensing education is the anniversary date of
licensure
B: post licensing consists of three 30 hour courses which may be taken in any
order and must be completed within 3 years of the date of licensure
C: post licensing courses end on June 10th and must be completed for the
provisional broker to renew their license on June 30th
D: if a provisional broker does not complete post licensing by the deadlines
their license will become inactive - Answer✔✔-C: post licensing courses end on
June 10th and must be completed for the provisional broker to renew their
license on June 30th
If a licensee does not pay their renewal fee on or before June 30 of the year,
what is the time period for the licensee to reinstate their license without the
imposition of additional educational requirements?
A: 30 days
B: 60 days
C: 6 months
D: one year - Answer✔✔-C: 6 months
Judy is an unlicensed individual. Her parents are selling their 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.
C: Yes, Judy is engaged in the business of real estate without a license
D: Yes because Judy is legally required to obtain a power of attorney from her
parents in this instance. - Answer✔✔-C: Yes, Judy is engaged in the business of
real estate without a license
A provisional broker obtains their NC real estate license on April 15th and joins
a real estate firm. In order to remain active, the broker must pay the renewal
fee to the NC Real Estate Commission on or before:
A: June 30 of the current year
B: June 30 of the following year
C: June 10 of the current year
D: December 31 of the current year - Answer✔✔-A: June 30 of the current year
The NC Homestead Exemption would be of importance and have the greatest
impact on:
A: a borrower who is in default on their property and facing foreclosure
B: an individual who filed bankruptcy due to excessive medical bills and
judgment liens
C: an investor who must engage in the short sale of an investment property
, Da married couple who is selling their primary residence to a buyer -
Answer✔✔-B: an individual who filed bankruptcy due to excessive medical bills
and judgment liens
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 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
Sherry is a provisional broker who works for a residential sales BIC and firm in
North Carolina. Sherry has a couple of clients who want her to manage their
rental properties. What are Sherry's options?
A: Sherry can manage the properties on her own outside of her existing firm
B: With the permission of her BIC Sherry can also affiliate with another firm
that engages in property management.
C: Sherry can manage the rental properties only if she obtains a power of
attorney from the owners.
Portion Exam Study Guide –
Practice Questions with
Verified Answers. GRADED A+.
Latest 2026/2027 Update
When must a firm practicing "designated agency" disclose to the seller the
name of the agent representing the buyer.
A: at first substantial contact with the seller
B: at initial contact with the seller
C: at the time the buyer's agent shows the seller's property
D: at the time the offer is submitted to the seller - Answer✔✔-D: at the time
the offer is submitted to the seller
What is the first point at which a provisional broker may begin practicing real
estate in North Carolina?
A: when the NCREC receives notification of the provisional broker's activation
with a BIC
B: upon successful completion of all course work and required examinations
C: upon completion of all educational requirements
,D: upon formal notification from the NCREC that the candidate has successfully
passed the real estate examination and has been issued a license number -
Answer✔✔-A: when the NCREC receives notification of the provisional broker's
activation with a BIC
Which of the following is INCORRECT about the post licensing requirement of a
provisional broker?
A: the due date of the post licensing education is the anniversary date of
licensure
B: post licensing consists of three 30 hour courses which may be taken in any
order and must be completed within 3 years of the date of licensure
C: post licensing courses end on June 10th and must be completed for the
provisional broker to renew their license on June 30th
D: if a provisional broker does not complete post licensing by the deadlines
their license will become inactive - Answer✔✔-C: post licensing courses end on
June 10th and must be completed for the provisional broker to renew their
license on June 30th
If a licensee does not pay their renewal fee on or before June 30 of the year,
what is the time period for the licensee to reinstate their license without the
imposition of additional educational requirements?
A: 30 days
B: 60 days
C: 6 months
D: one year - Answer✔✔-C: 6 months
Judy is an unlicensed individual. Her parents are selling their 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.
C: Yes, Judy is engaged in the business of real estate without a license
D: Yes because Judy is legally required to obtain a power of attorney from her
parents in this instance. - Answer✔✔-C: Yes, Judy is engaged in the business of
real estate without a license
A provisional broker obtains their NC real estate license on April 15th and joins
a real estate firm. In order to remain active, the broker must pay the renewal
fee to the NC Real Estate Commission on or before:
A: June 30 of the current year
B: June 30 of the following year
C: June 10 of the current year
D: December 31 of the current year - Answer✔✔-A: June 30 of the current year
The NC Homestead Exemption would be of importance and have the greatest
impact on:
A: a borrower who is in default on their property and facing foreclosure
B: an individual who filed bankruptcy due to excessive medical bills and
judgment liens
C: an investor who must engage in the short sale of an investment property
, Da married couple who is selling their primary residence to a buyer -
Answer✔✔-B: an individual who filed bankruptcy due to excessive medical bills
and judgment liens
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 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
Sherry is a provisional broker who works for a residential sales BIC and firm in
North Carolina. Sherry has a couple of clients who want her to manage their
rental properties. What are Sherry's options?
A: Sherry can manage the properties on her own outside of her existing firm
B: With the permission of her BIC Sherry can also affiliate with another firm
that engages in property management.
C: Sherry can manage the rental properties only if she obtains a power of
attorney from the owners.
