Aceable Agent Exam Questions with 100%
Correct Answers
Question 1
A buyer’s agent is assisting the buyer in making an offer on a unique property.
Because the property’s unusual characteristics, the most commonly used offer to
purchase (NCAR form 2-T) does not address many of the issues of the
contemplated purchase. What strategy would the buyer’s agent suggest to best
serve the client in making an offer?
Correct Answer
advise the buyer to seek legal counsel to draft an offer that would fit the
buyer’s needs
Question 2
Which of the following would be an acceptable practice for real estate agents to
be compliant with Do Not Call laws?
Correct Answer
An agent may call a seller on the Do Not Call list if they have listed the house
as a For Sale by Owner and the agent who has a buyer who is interested in the
property.
Question 3
An unlicensed assistant for a broker performed all of the following duties.
Which one of these duties violates license law?
Correct Answer
holding open houses in the broker’s listings
Page 1 of 223
,Question 4
Which of the following listing agreements is characterized by providing an agent the
sole right to list the property but allows for the seller to sell the property himself and
avoid paying compensation?
Correct Answer
Exclusive Agency
Question 5
Lina's North Carolina home was most recently assessed in 2018. Her county
follows the standard reappraisal cycle. When will she be up for reappraisal?
Correct Answer
2026 (8 YEARS)
Question 6
Yolanda does not have a real estate license. She works in a real estate office as
support personnel. On an average day, she might research and compile information
for MLS listings, submit MLS listings, tell prospective purchasers the listing price of
homes, and place "for sale" signs in front of properties.
Are any of these tasks against the license law for Yolanda to perform?
Correct Answer
Yolanda should not have researched and compiled the information for MLS
listings.
Question 7
Michael is a provisional broker. He received his license on March 1. He is approaching
his first license renewal on June 30. What are his continuing education requirements?
Correct Answer
Michael must take eight hours of CE before his second license renewal.
Page 2 of 223
,Question 8
A buyer is purchasing a house that currently has a tenant. The tenant pays the
rent in advance on the first of the month. A closing takes palace on August 20th,
how would the rent proration appear on the settlement statement or closing
disclosure?
Correct Answer
debit seller, credit buyer in equal amounts
Question 9
What does HVAC stand for?
Correct Answer
heating, ventilation, and air conditioning systems
Question 10
Which of the following duties would fall under the responsibility of a property
manager?
Correct Answer
maintain the property according to the owner’s goals and to the highest
profitability within those goals
Question 11
An agent with ABC Realty takes a listing and places it in the multiple listing
service. Which of the following statements is most accurate?
Correct Answer
All agents within the firm are considered subagents of the seller.
Page 3 of 223
, Question 12
Which of these is the cash flow after debt service?
Correct Answer
a property's annual income, minus operating expenses and debt service
Question 13
In determining square footage of a property, which of the following methods
for addressing unique situations is correct?
Correct Answer
when measuring the living area from inside the house, a measurer would add
six inches for the thickness of exterior walls
Question 14
A listing agent fails to disclose his knowledge of a hidden material defect with the
seller's property. The buyer's agent fails to discover this defect and the buyer learns of
the defect only after closing on the property. What kind of liability would either of the
agents have in this situation?
Correct Answer
the listing agent may be liable due to willful omission of a material defect
Question 15
Which of the following is often said to be an advantage of being an independent
contractor as a real estate agent?
Correct Answer
Independent contractors have more control over their schedules.
Page 4 of 223
Correct Answers
Question 1
A buyer’s agent is assisting the buyer in making an offer on a unique property.
Because the property’s unusual characteristics, the most commonly used offer to
purchase (NCAR form 2-T) does not address many of the issues of the
contemplated purchase. What strategy would the buyer’s agent suggest to best
serve the client in making an offer?
Correct Answer
advise the buyer to seek legal counsel to draft an offer that would fit the
buyer’s needs
Question 2
Which of the following would be an acceptable practice for real estate agents to
be compliant with Do Not Call laws?
Correct Answer
An agent may call a seller on the Do Not Call list if they have listed the house
as a For Sale by Owner and the agent who has a buyer who is interested in the
property.
Question 3
An unlicensed assistant for a broker performed all of the following duties.
Which one of these duties violates license law?
Correct Answer
holding open houses in the broker’s listings
Page 1 of 223
,Question 4
Which of the following listing agreements is characterized by providing an agent the
sole right to list the property but allows for the seller to sell the property himself and
avoid paying compensation?
Correct Answer
Exclusive Agency
Question 5
Lina's North Carolina home was most recently assessed in 2018. Her county
follows the standard reappraisal cycle. When will she be up for reappraisal?
Correct Answer
2026 (8 YEARS)
Question 6
Yolanda does not have a real estate license. She works in a real estate office as
support personnel. On an average day, she might research and compile information
for MLS listings, submit MLS listings, tell prospective purchasers the listing price of
homes, and place "for sale" signs in front of properties.
Are any of these tasks against the license law for Yolanda to perform?
Correct Answer
Yolanda should not have researched and compiled the information for MLS
listings.
Question 7
Michael is a provisional broker. He received his license on March 1. He is approaching
his first license renewal on June 30. What are his continuing education requirements?
Correct Answer
Michael must take eight hours of CE before his second license renewal.
Page 2 of 223
,Question 8
A buyer is purchasing a house that currently has a tenant. The tenant pays the
rent in advance on the first of the month. A closing takes palace on August 20th,
how would the rent proration appear on the settlement statement or closing
disclosure?
Correct Answer
debit seller, credit buyer in equal amounts
Question 9
What does HVAC stand for?
Correct Answer
heating, ventilation, and air conditioning systems
Question 10
Which of the following duties would fall under the responsibility of a property
manager?
Correct Answer
maintain the property according to the owner’s goals and to the highest
profitability within those goals
Question 11
An agent with ABC Realty takes a listing and places it in the multiple listing
service. Which of the following statements is most accurate?
Correct Answer
All agents within the firm are considered subagents of the seller.
Page 3 of 223
, Question 12
Which of these is the cash flow after debt service?
Correct Answer
a property's annual income, minus operating expenses and debt service
Question 13
In determining square footage of a property, which of the following methods
for addressing unique situations is correct?
Correct Answer
when measuring the living area from inside the house, a measurer would add
six inches for the thickness of exterior walls
Question 14
A listing agent fails to disclose his knowledge of a hidden material defect with the
seller's property. The buyer's agent fails to discover this defect and the buyer learns of
the defect only after closing on the property. What kind of liability would either of the
agents have in this situation?
Correct Answer
the listing agent may be liable due to willful omission of a material defect
Question 15
Which of the following is often said to be an advantage of being an independent
contractor as a real estate agent?
Correct Answer
Independent contractors have more control over their schedules.
Page 4 of 223
