NC REAL ESTATE EXAM: 4 QUESTIONS WITH
100% ACCURATE ANSWERS
Which of these is NOT an action that requires a real estate license in North Carolina when performed for
another and for compensation? - Accurate answers Constructs improvements on real estate.
Which of these individuals is NOT required to hold a real estate license in North Carolina? - Accurate
answers Brenda, an attorney acting for her client in a legal matter that involves selling a parcel of
real estate for the client.
Broker Adele has an appointment for a listing presentation with seller Diane. Which of these actions
should Adele take first? - Accurate answers Present and review the Working With Real Estate
Agents brochure with Diane.
A broker should present the Working With Real Estate Agents brochure to a prospective seller client at
what time? - Accurate answers Before obtaining any personal or financial information from the
seller or before signing a listing agreement, whichever occurs first.
Salesperson Matt is contacted by an unrepresented buyer who wants to make an offer on a property
Matt has listed. What does Matt need to do if he wants to act as the agent for this buyer? - Accurate
answers He must obtain written informed consent for dual agency from the buyer and the seller.
At what point is it permissible for a broker to act for both buyer and seller in a transaction? - Accurate
answers After receiving informed written consent to act as a dual agent from both parties in the
transaction.
Shawna is acting as a dual agent for Dan, the seller, and for Bree, the buyer. What is Shawna allowed to
share with Dan, even if Bree doesn't give Shawna express permission to do so? - Accurate answers
The fact that Bree is having trouble getting prequalified for a loan.
When broker Meg signs a listing agreement with seller Michael, what's FALSE about any advertisement
Meg does for the property? - Accurate answers Her advertisements must include the name and
telephone number of her BIC.
Brokers are required to keep copies of all of these documents as transaction records EXCEPT: -
Accurate answers A buyer's loan application.
Broker Brett receives several offers for his seller client's property. What's true about this situation? -
Accurate answers Brett may not reveal the terms of any of these offers to other prospective buyers
(or their agents) without the offeror's consent.
Erma is a broker who has been affiliated with Happy Home Realty for eight years. When she accepts an
earnest money deposit to hold on behalf of her clients, what is she required to do with it? - Accurate
answers She must deposit the funds into the firm's trust account within 24 hours of receipt.
100% ACCURATE ANSWERS
Which of these is NOT an action that requires a real estate license in North Carolina when performed for
another and for compensation? - Accurate answers Constructs improvements on real estate.
Which of these individuals is NOT required to hold a real estate license in North Carolina? - Accurate
answers Brenda, an attorney acting for her client in a legal matter that involves selling a parcel of
real estate for the client.
Broker Adele has an appointment for a listing presentation with seller Diane. Which of these actions
should Adele take first? - Accurate answers Present and review the Working With Real Estate
Agents brochure with Diane.
A broker should present the Working With Real Estate Agents brochure to a prospective seller client at
what time? - Accurate answers Before obtaining any personal or financial information from the
seller or before signing a listing agreement, whichever occurs first.
Salesperson Matt is contacted by an unrepresented buyer who wants to make an offer on a property
Matt has listed. What does Matt need to do if he wants to act as the agent for this buyer? - Accurate
answers He must obtain written informed consent for dual agency from the buyer and the seller.
At what point is it permissible for a broker to act for both buyer and seller in a transaction? - Accurate
answers After receiving informed written consent to act as a dual agent from both parties in the
transaction.
Shawna is acting as a dual agent for Dan, the seller, and for Bree, the buyer. What is Shawna allowed to
share with Dan, even if Bree doesn't give Shawna express permission to do so? - Accurate answers
The fact that Bree is having trouble getting prequalified for a loan.
When broker Meg signs a listing agreement with seller Michael, what's FALSE about any advertisement
Meg does for the property? - Accurate answers Her advertisements must include the name and
telephone number of her BIC.
Brokers are required to keep copies of all of these documents as transaction records EXCEPT: -
Accurate answers A buyer's loan application.
Broker Brett receives several offers for his seller client's property. What's true about this situation? -
Accurate answers Brett may not reveal the terms of any of these offers to other prospective buyers
(or their agents) without the offeror's consent.
Erma is a broker who has been affiliated with Happy Home Realty for eight years. When she accepts an
earnest money deposit to hold on behalf of her clients, what is she required to do with it? - Accurate
answers She must deposit the funds into the firm's trust account within 24 hours of receipt.
