North Carolina
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q&S
© 2024/2025
,1. In North Carolina, which of the following is NOT considered a
fixture?
a) A built-in bookcase
b) A chandelier
c) A rose bush in the garden
d) A refrigerator
Correct Answer: d) A refrigerator
2. What is the primary purpose of zoning regulations?
a) To control population density
b) To ensure public safety
c) To segregate residential and commercial areas
d) All of the above
Correct Answer: d) All of the above
3. Which fiduciary duty persists even after the termination of an
agency relationship?
a) Obedience
b) Loyalty
© 2024/2025
, c) Confidentiality
d) Disclosure
Correct Answer: c) Confidentiality
4. The principle of substitution is MOST relevant to which
approach to valuation?
a) Cost approach
b) Sales comparison approach
c) Income approach
d) All of the above
Correct Answer: b) Sales comparison approach
5. Which type of mortgage loan covers more than one parcel of
real estate?
a) Package mortgage
b) Blanket mortgage
c) Purchase money mortgage
d) Open-end mortgage
Correct Answer: b) Blanket mortgage
© 2024/2025
Department of Real Estate -
Salesperson
LATEST EXAM GUIDE
Q&S
© 2024/2025
,1. In North Carolina, which of the following is NOT considered a
fixture?
a) A built-in bookcase
b) A chandelier
c) A rose bush in the garden
d) A refrigerator
Correct Answer: d) A refrigerator
2. What is the primary purpose of zoning regulations?
a) To control population density
b) To ensure public safety
c) To segregate residential and commercial areas
d) All of the above
Correct Answer: d) All of the above
3. Which fiduciary duty persists even after the termination of an
agency relationship?
a) Obedience
b) Loyalty
© 2024/2025
, c) Confidentiality
d) Disclosure
Correct Answer: c) Confidentiality
4. The principle of substitution is MOST relevant to which
approach to valuation?
a) Cost approach
b) Sales comparison approach
c) Income approach
d) All of the above
Correct Answer: b) Sales comparison approach
5. Which type of mortgage loan covers more than one parcel of
real estate?
a) Package mortgage
b) Blanket mortgage
c) Purchase money mortgage
d) Open-end mortgage
Correct Answer: b) Blanket mortgage
© 2024/2025
