Superior NC Real Estate Important Final Exam Actual Exam
2026/2027: Complete Exam-Style Questions with Detailed Rationales
| 100% Verified | Pass Guaranteed – A+ Graded
Total questions: 100 multiple-choice, single best answer
Recommended time: 2 hours (120 minutes)
Difficulty distribution: Easy (25%), Moderate (60%), Difficult (15%)
Passing threshold: 70% (70 correct)
SECTION 1: NORTH CAROLINA REAL ESTATE LICENSE LAW &
COMMISSION RULES (Questions 1–18)
1. Broker Maria Santos holds an active NC broker license and is the broker-in-charge
(BIC) at Coastal Realty. She discovers that one of her provisional brokers, James, has
been depositing earnest money checks into his personal checking account and then
transferring them to the firm's trust account three days later. The seller has not
complained, and all funds are eventually accounted for. What is Maria's proper course of
action under NC License Law?
A. Issue a written warning to James since no funds were lost and the money eventually
reached the trust account.
,B. Immediately terminate James's association with the firm and report the violation to
the NCREC within 10 days.
C. Require James to attend an ethics course and increase trust account audits to
monthly instead of quarterly.
D. Document the incident in James's personnel file but take no further action because
the seller suffered no damages.
Correct answer: B
Rationale: Under N.C.G.S. § 93A-6(a)(1) and Commission Rule 58A .0114,
commingling—placing client funds into a personal account, even temporarily—is a
serious violation. The BIC has a statutory duty to supervise provisional brokers and
must report license law violations to the Commission within 10 days. Termination and
reporting are mandatory regardless of whether damages occurred. Option A is incorrect
because a written warning is insufficient for commingling. Option C is incorrect because
education alone does not satisfy the reporting requirement. Option D is incorrect
because the absence of damages does not eliminate the duty to report.
2. A provisional broker, David Chen, has completed his 90 hours of pre-licensing
education and passed the state exam. He is affiliated with ABC Realty under
broker-in-charge Patricia Wells. David wants to advertise a listing on social media using
his personal Facebook page. Under NC License Law and Commission rules, which
statement accurately describes David's advertising authority?
A. David may advertise the listing on his personal page as long as he includes his
provisional broker status in the post.
,B. David may advertise only if the broker-in-charge reviews and approves the
advertisement before publication.
C. David may advertise the listing on his personal page provided the firm's name and
BIC's name are prominently displayed.
D. David is prohibited from advertising any real estate services on personal social media
accounts until he attains full broker status.
Correct answer: B
Rationale: Under Commission Rule 58A .0112, all advertising by a provisional broker
must be reviewed and approved by the broker-in-charge before publication. The BIC is
responsible for ensuring compliance with advertising standards, including proper firm
identification and truthful claims. Option A is incorrect because provisional status
disclosure alone does not satisfy the pre-approval requirement. Option C is incorrect
because firm identification does not replace the BIC review mandate. Option D is
incorrect because provisional brokers may advertise, but only with BIC oversight.
3. Broker-in-charge Helen Park discovers that her firm has been holding $18,500 in
earnest money from a transaction that closed six months ago. The buyer and seller
have both moved out of state and cannot be located. Helen has made reasonable
efforts to locate both parties. What must Helen do with these funds under NC License
Law and Commission Rule 58A .0114?
A. Transfer the funds to the firm's operating account after 180 days and treat them as
miscellaneous income.
B. Escheat the funds to the North Carolina State Treasurer as unclaimed property after
completing the required due diligence.
, C. Donate the funds to a local housing charity and document the donation for the
Commission's records.
D. Maintain the funds in the trust account indefinitely until either party makes a claim.
Correct answer: B
Rationale: Under Commission Rule 58A .0114 and the NC Uniform Unclaimed Property
Act (N.C.G.S. § 116B-53), brokers must escheat unclaimed trust funds to the State
Treasurer after exercising reasonable due diligence to locate the rightful owners. The
dormancy period for unclaimed property is generally five years, but brokers should
initiate escheatment proceedings when parties cannot be located after reasonable
efforts. Option A is incorrect because converting trust funds to operating income
constitutes conversion and commingling. Option C is incorrect because donation is not
a lawful disposition of trust funds. Option D is incorrect because indefinite retention
violates the duty to resolve trust account balances.
4. During a routine audit, the NCREC discovers that broker-in-charge Robert Hale has
failed to maintain the required monthly reconciliation of his firm's trust account for the
past 14 months. The account balances are correct, and no client funds are missing.
What disciplinary action is the Commission most likely to take?
A. No action, because the account balances are correct and no funds are missing.
B. A letter of caution, since this is a recordkeeping violation that did not result in
financial harm.
C. Formal disciplinary action, including potential suspension, because trust account
reconciliation is a fundamental BIC duty.
2026/2027: Complete Exam-Style Questions with Detailed Rationales
| 100% Verified | Pass Guaranteed – A+ Graded
Total questions: 100 multiple-choice, single best answer
Recommended time: 2 hours (120 minutes)
Difficulty distribution: Easy (25%), Moderate (60%), Difficult (15%)
Passing threshold: 70% (70 correct)
SECTION 1: NORTH CAROLINA REAL ESTATE LICENSE LAW &
COMMISSION RULES (Questions 1–18)
1. Broker Maria Santos holds an active NC broker license and is the broker-in-charge
(BIC) at Coastal Realty. She discovers that one of her provisional brokers, James, has
been depositing earnest money checks into his personal checking account and then
transferring them to the firm's trust account three days later. The seller has not
complained, and all funds are eventually accounted for. What is Maria's proper course of
action under NC License Law?
A. Issue a written warning to James since no funds were lost and the money eventually
reached the trust account.
,B. Immediately terminate James's association with the firm and report the violation to
the NCREC within 10 days.
C. Require James to attend an ethics course and increase trust account audits to
monthly instead of quarterly.
D. Document the incident in James's personnel file but take no further action because
the seller suffered no damages.
Correct answer: B
Rationale: Under N.C.G.S. § 93A-6(a)(1) and Commission Rule 58A .0114,
commingling—placing client funds into a personal account, even temporarily—is a
serious violation. The BIC has a statutory duty to supervise provisional brokers and
must report license law violations to the Commission within 10 days. Termination and
reporting are mandatory regardless of whether damages occurred. Option A is incorrect
because a written warning is insufficient for commingling. Option C is incorrect because
education alone does not satisfy the reporting requirement. Option D is incorrect
because the absence of damages does not eliminate the duty to report.
2. A provisional broker, David Chen, has completed his 90 hours of pre-licensing
education and passed the state exam. He is affiliated with ABC Realty under
broker-in-charge Patricia Wells. David wants to advertise a listing on social media using
his personal Facebook page. Under NC License Law and Commission rules, which
statement accurately describes David's advertising authority?
A. David may advertise the listing on his personal page as long as he includes his
provisional broker status in the post.
,B. David may advertise only if the broker-in-charge reviews and approves the
advertisement before publication.
C. David may advertise the listing on his personal page provided the firm's name and
BIC's name are prominently displayed.
D. David is prohibited from advertising any real estate services on personal social media
accounts until he attains full broker status.
Correct answer: B
Rationale: Under Commission Rule 58A .0112, all advertising by a provisional broker
must be reviewed and approved by the broker-in-charge before publication. The BIC is
responsible for ensuring compliance with advertising standards, including proper firm
identification and truthful claims. Option A is incorrect because provisional status
disclosure alone does not satisfy the pre-approval requirement. Option C is incorrect
because firm identification does not replace the BIC review mandate. Option D is
incorrect because provisional brokers may advertise, but only with BIC oversight.
3. Broker-in-charge Helen Park discovers that her firm has been holding $18,500 in
earnest money from a transaction that closed six months ago. The buyer and seller
have both moved out of state and cannot be located. Helen has made reasonable
efforts to locate both parties. What must Helen do with these funds under NC License
Law and Commission Rule 58A .0114?
A. Transfer the funds to the firm's operating account after 180 days and treat them as
miscellaneous income.
B. Escheat the funds to the North Carolina State Treasurer as unclaimed property after
completing the required due diligence.
, C. Donate the funds to a local housing charity and document the donation for the
Commission's records.
D. Maintain the funds in the trust account indefinitely until either party makes a claim.
Correct answer: B
Rationale: Under Commission Rule 58A .0114 and the NC Uniform Unclaimed Property
Act (N.C.G.S. § 116B-53), brokers must escheat unclaimed trust funds to the State
Treasurer after exercising reasonable due diligence to locate the rightful owners. The
dormancy period for unclaimed property is generally five years, but brokers should
initiate escheatment proceedings when parties cannot be located after reasonable
efforts. Option A is incorrect because converting trust funds to operating income
constitutes conversion and commingling. Option C is incorrect because donation is not
a lawful disposition of trust funds. Option D is incorrect because indefinite retention
violates the duty to resolve trust account balances.
4. During a routine audit, the NCREC discovers that broker-in-charge Robert Hale has
failed to maintain the required monthly reconciliation of his firm's trust account for the
past 14 months. The account balances are correct, and no client funds are missing.
What disciplinary action is the Commission most likely to take?
A. No action, because the account balances are correct and no funds are missing.
B. A letter of caution, since this is a recordkeeping violation that did not result in
financial harm.
C. Formal disciplinary action, including potential suspension, because trust account
reconciliation is a fundamental BIC duty.
