PORTION 2025 QUESTIONS AND
ANSWERS
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 - ans 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 - ans 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?
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a: the due date of the post licensing education is the anniversary date of licensure
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, 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 - ans 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 - ans 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. - ans 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.
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in order to remain active, the broker must pay the renewal fee to the nc real estate commission
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on or before:
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, 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 - ans 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 - ans 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 - ans 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?
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