NC State Portion Study Real Estate
Exam 2025/2026 Exam Questions and
Correct Answers | New Update
Within how many days does an agent have to return to the buyer a copy of
their offer that is approved and signed by seller. - 🧠ANSWER
✔✔Immediately but no later than 3 calendar days
What does Standard 2-T Offer to Purchase and Contract contemplate what
the buyer and seller can negotiate after contract formation? - 🧠ANSWER
✔✔what is IN the 2T:
The Offer to Purchase and Contract may not mention commission paid, ...
closing costs, personal property included, liens)
Personal property is included in a bill of sale
,A dual agent receives multiple offers on his client's listing. His other buyer
client wants to know what the highest offer is.
Who would have to give permission for that information?
- seller
-highest offeror - 🧠ANSWER ✔✔Licensees may NOT disclose the price or
other material terms contained in a party's offer to purchase, sell, lease,
rent, or to option real property to a competing party without the EXPRESS
authority of the offering party.
so without the offeror's permission the agent could not disclose their offer
What terminates tenancy by the entirety?
divorce
partition
legal separation
,divorce decree in register of deeds
incapacitated
bankruptcy
one wants to sell their interest - 🧠ANSWER ✔✔Divorce- Upon divorce,
tenancy by the entirety is terminated because the condition of marriage no
longer exists. The terms of the divorce will dictate what happens to the
property.
Joint Conveyance- Husband and wife can agree to convey title to the
property to a third party. This can be done through gift or deed.
Express or Implied Agreement- Husband and wife can agree to terminate
the tenancy by the entirety. In most cases, a tenancy in common will be
formed.
Death- Upon the death of a spouse, the surviving spouse inherits title to the
whole property.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 1) Broker must keep documents for 3 years from ... - 🧠ANSWER ✔✔1)
Broker must keep documents for 3 years from ANYTHING
Whatever was last to occur
"A licensed real estate broker shall retain for three years copies of all
listings, deposit receipts, canceled checks, trust records, and other
documents executed by him or her or obtained by him or her in connection
with any transactions for which a real estate broker license is required."
what is designated dual agency? - 🧠ANSWER ✔✔type of dual agency
Both licensees must work for the same firm
brokers are allowed to advise- unlike regular 'dual agency'
If designated agency occurs, the seller know the name of the designated
agent working with the buyer at... - 🧠ANSWER ✔✔If designated agency
Exam 2025/2026 Exam Questions and
Correct Answers | New Update
Within how many days does an agent have to return to the buyer a copy of
their offer that is approved and signed by seller. - 🧠ANSWER
✔✔Immediately but no later than 3 calendar days
What does Standard 2-T Offer to Purchase and Contract contemplate what
the buyer and seller can negotiate after contract formation? - 🧠ANSWER
✔✔what is IN the 2T:
The Offer to Purchase and Contract may not mention commission paid, ...
closing costs, personal property included, liens)
Personal property is included in a bill of sale
,A dual agent receives multiple offers on his client's listing. His other buyer
client wants to know what the highest offer is.
Who would have to give permission for that information?
- seller
-highest offeror - 🧠ANSWER ✔✔Licensees may NOT disclose the price or
other material terms contained in a party's offer to purchase, sell, lease,
rent, or to option real property to a competing party without the EXPRESS
authority of the offering party.
so without the offeror's permission the agent could not disclose their offer
What terminates tenancy by the entirety?
divorce
partition
legal separation
,divorce decree in register of deeds
incapacitated
bankruptcy
one wants to sell their interest - 🧠ANSWER ✔✔Divorce- Upon divorce,
tenancy by the entirety is terminated because the condition of marriage no
longer exists. The terms of the divorce will dictate what happens to the
property.
Joint Conveyance- Husband and wife can agree to convey title to the
property to a third party. This can be done through gift or deed.
Express or Implied Agreement- Husband and wife can agree to terminate
the tenancy by the entirety. In most cases, a tenancy in common will be
formed.
Death- Upon the death of a spouse, the surviving spouse inherits title to the
whole property.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, 1) Broker must keep documents for 3 years from ... - 🧠ANSWER ✔✔1)
Broker must keep documents for 3 years from ANYTHING
Whatever was last to occur
"A licensed real estate broker shall retain for three years copies of all
listings, deposit receipts, canceled checks, trust records, and other
documents executed by him or her or obtained by him or her in connection
with any transactions for which a real estate broker license is required."
what is designated dual agency? - 🧠ANSWER ✔✔type of dual agency
Both licensees must work for the same firm
brokers are allowed to advise- unlike regular 'dual agency'
If designated agency occurs, the seller know the name of the designated
agent working with the buyer at... - 🧠ANSWER ✔✔If designated agency
