2025/2026 Exam Questions and Answers
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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?
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, 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