NC REAL ESTATE EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GUARANTEED A+|VERIFIED

NC REAL ESTATE EXAM QUESTIONS AND 100%
CORRECT ANSWERS|LATEST
2025/2026|GUARANTEED A+|VERIFIED

Which statute governs the ad valorem taxation of property?
B B B B B B B B




A. Machinery Act
B B




B. General Statute
B B




C. The Ad Valorem Act
B B B B




D. Real Estate Taxation Act - ANSWER
B B B B B B A. Machinery Act
B B




This act provides a framework for listing, appraising, and assessing real and personal property
B B B B B B B B B B B B B




Which type of valuation technique applies a standard percentage increase or decrease to all p
B B B B B B B B B B B B B B



roperty in a specified location?
B B B B B




A. Valuation
B




B. County appraisal
B B




C. Mass appraisal
B B




D. There is no such appraisal - ANSWER
B B B B B B B C. Mass Appraisal
B B




This is a valuation technique that is sometimes used for tax assessment purposes. It is also ref
B B B B B B B B B B B B B B B B



erred to as a horizontal adjustment.
B B B B B




What is am octennial reappraisal?
B B B B B




A. Grouping reappraisals by square footage and year built
B B B B B B B B




B. The statutory reappraisal of all real property in North Carolina for tax purposes
B B B B B B B B B B B B B




C. Reappraisals done in groups of eight
B B B B B B




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Wicky

, D. None of the above -
B B B B B



ANSWER
B B. The statutory reappraisal of all real property in North Carolina for tax purpo
B B B B B B B B B B B B B



ses. B




This is an octennial reappraisal and requires all counties to reappraise property within in a spe
B B B B B B B B B B B B B B B



cified time period.
B B




The ______ is responsible for real estate licensing.
B B B B B B B




A. Federal Real Estate Commission
B B B B




B. Housing and Urban Development
B B B B




C. North Carolina Real Estate Commission (NCREC)
B B B B B B B




D. County Clerks Office - ANSWER
B B B B B C. North Carolina Real Estate Commission (NCREC)
B B B B B B




This commission is responsible for real estate licensees, education, and other resources regar
B B B B B B B B B B B B



ding real estate in the state of North Carolina.
B B B B B B B B




Which type of lien provides security to persons that work on real property owned by others?
B B B B B B B B B B B B B B B B




A. Mortgage lien
B B




B. Mechanic's lien
B B




C. Real estate tax lien
B B B B




D. State income tax lien - ANSWER
B B B B B B B) Mechanic's lien
B B




This type of lien is typically used to guarantee of payment to builders, contractors, and constru
B B B B B B B B B B B B B B B



ction firms B




Which of the following is a requirement to become a real estate broker in North Carolina?
B B B B B B B B B B B B B B B B




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Wicky