Open the auxiliary access

Firefly Open Source Community

   Login   |   Register   |
New_Topic
Firefly Open Source Community › Core Board › Core-PX3-SEJ› First-grade Reliable NCREC-Broker-N Test Forum Cover ...
New Topic
Print Previous Topic Next Topic

[General] First-grade Reliable NCREC-Broker-N Test Forum Covers the Entire Syllabus of NCR

ronphil887

133

Credits

0

Prestige

0

Contribution

registered members

Rank: 2

Credits
133

【General】 First-grade Reliable NCREC-Broker-N Test Forum Covers the Entire Syllabus of NCR

Posted at 8 hour before      View：3 | Replies：0        Print      Only Author   [Copy Link] 1#
BONUS!!! Download part of Itcertking NCREC-Broker-N dumps for free: https://drive.google.com/open?id=1yk5MJhIE6CVn1w9oMpkaCRlAAWIhnQZG
This is a printable NCREC-Broker-N PDF dumps file. The NCREC-Broker-N PDF dumps enables you to study without any device, as it is a portable and easily shareable format, thus you can study NCREC-Broker-N dumps on your preferred smart device such as your smartphone or in hard copy format. Once downloaded from the website, you can easily study from the North Carolina Real Estate Commission NCREC-Broker-N Exam Questions compiled by our highly experienced professionals as directed by the North Carolina Real Estate Commission exam syllabus.
North Carolina Real Estate Commission NCREC-Broker-N Exam Syllabus Topics:
TopicDetails
Topic 1
  • National Portion: Applied Knowledge: This part of the exam measures the applied knowledge of broker candidates and emphasizes practical skills. It includes financing and valuation methods, market analysis, and understanding mortgage processes. Candidates are also tested on land use controls, zoning, environmental regulations, required disclosures, and common real estate calculations. This applied knowledge ensures brokers can handle real-world scenarios effectively.
Topic 2
  • National Portion: Core Concepts: This section of the exam measures the skills of broker candidates and focuses on the basic principles of real estate. It covers property ownership, forms of estates, property rights, and how interests are transferred. It also evaluates contracts, agency duties, and the role of brokers in maintaining lawful and ethical agreements. These core concepts ensure candidates understand the foundational rules of practice across the United States.
Topic 3
  • State Portion: Legal Framework: This section of the exam evaluates provisional brokers on the rules and statutes that apply specifically in North Carolina. It includes license law, the Real Estate Commission’s authority, and disciplinary procedures. It also covers how agency relationships must be created and disclosed under state law. These legal frameworks define the responsibilities and compliance requirements for practicing in the state.
Topic 4
  • State Portion: Practice and Procedures: This part of the exam measures the skills of provisional brokers in practical, day-to-day operations within North Carolina. It covers contracts and closing processes, use of state-specific forms, and procedures for managing transactions. It also includes state statutes on property transfers, landlord-tenant law, and fair housing requirements. This focus ensures provisional brokers can carry out transactions correctly within state guidelines.

Exam NCREC-Broker-N Flashcards & New NCREC-Broker-N Test ReviewNowadays, our learning methods become more and more convenient. Advances in technology allow us to learn freely on mobile devices. However, we understand that some candidates are still more accustomed to the paper, so our NCREC-Broker-N study materials provide customers with a variety of versions to facilitate your learning process: the PDF, Software and APP online. These three versions of our NCREC-Broker-N Practice Engine can provide you study on all conditions. Come and buy our NCREC-Broker-N exam guide!
North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q59-Q64):NEW QUESTION # 59
The primary purpose of a comparative market analysis of real property is to provide a(n):
  • A. insurer with the estimated cost to rebuild the property.
  • B. lender with the appropriate market value of the collateral.
  • C. seller with a range of appropriate listing prices.
  • D. appraiser with a thorough picture of the current economic market.
Answer: C
Explanation:
A Comparative Market Analysis (CMA) is a tool used by real estate brokers to estimate the probable selling price of a property based on recently sold, active, and expired listings of similar properties. The primary purpose is to assist a seller in determining a reasonable and competitive listing price. Unlike a formal appraisal, a CMA is not intended for use by appraisers, insurers, or lenders. Therefore, the correct answer is C.
-

NEW QUESTION # 60
The statute of frauds requires contracts for the sale of real property to be:
  • A. prepared by an attorney.
  • B. fully executed before the expiration date.
  • C. in writing to be enforceable.
  • D. recorded in the same jurisdiction as the property.
Answer: C
Explanation:
The Statute of Frauds is a legal doctrine that requires certain types of contracts-including contracts for the sale of real property-to be in writing to be enforceable in a court of law. Oral agreements for real estate transactions are not enforceable under this law in North Carolina. There is no requirement that contracts be drafted by attorneys, executed by a certain date, or recorded. Therefore, the correct answer is B.
-

NEW QUESTION # 61
A seller lists his home with a brokerage firm, allowing the brokerage to put a sign in the yard, list the property in the multiple listing service, and advertise it on social media. During the listing period, the seller sells the home to a co-worker and is not obligated to pay the brokerage any commission. What type of listing did the seller have with the brokerage?
  • A. Exclusive right to sell
  • B. Exclusive agency
  • C. Open listing
  • D. Net listing
Answer: B
Explanation:
An exclusive agency listing agreement gives the listing brokerage the exclusive right to market the property, but if the seller personally finds the buyer (e.g., a co-worker), no commission is owed. In contrast, an exclusive right to sell agreement would entitle the brokerage to a commission regardless of who finds the buyer. Therefore, the correct answer is A.
-

NEW QUESTION # 62
According to the North Carolina Good Funds Settlement Act, when can a broker expect to receive their commission following completion of a real estate transaction?
  • A. At the time of settlement
  • B. Once the lender's funds are verified
  • C. Before the deed is recorded
  • D. After the deed and deed of trust are recorded
Answer: D
Explanation:
The North Carolina Good Funds Settlement Act requires that no disbursement of funds-including broker commissions-can be made until the deed and any deed of trust are recorded in the public records. Only once the documents are recorded can the closing attorney legally disburse funds. Thus, brokers should expect to be paid only after recording, making answer C correct.
-

NEW QUESTION # 63
The owner of a cooperative unit has which of the following rights in the property?
  • A. A fee simple interest in the unit combined with occupancy rights for a specified recurring period annually
  • B. A fee simple interest in the unit and an undivided common interest in common areas
  • C. A fee simple interest in the unit and a proportional interest in common areas based on unit size
  • D. A proprietary lease for the exclusive use of the unit and shares of stock in the corporation that owns the property
Answer: D
Explanation:
In a cooperative (co-op) ownership arrangement, the real estate is owned by a corporation. Individual residents do not own their units as real property. Instead, they own shares of stock in the corporation and receive a proprietary lease, which gives them the right to occupy a specific unit. This contrasts with condominium ownership, where unit owners hold fee simple title. Therefore, the correct answer is D.
-

NEW QUESTION # 64
......
The NCREC-Broker-N exam prepare of our website is completed by experts who has a good understanding of real exams and have many years of experience writing NCREC-Broker-N study materials. They know very well what candidates really need most when they prepare for the exam. They also understand the real exam situation very well. So they compiled NCREC-Broker-N Exam prepare that they hope to do their utmost to help candidates pass the exam and get what job they want. They apply to exam candidates of different level of computer industry. So whichever degree you are at, you can utilize our NCREC-Broker-N study materials tool with following traits.
Exam NCREC-Broker-N Flashcards: https://www.itcertking.com/NCREC-Broker-N_exam.html
BONUS!!! Download part of Itcertking NCREC-Broker-N dumps for free: https://drive.google.com/open?id=1yk5MJhIE6CVn1w9oMpkaCRlAAWIhnQZG
https://www.getvalidtest.com
Reply

Use props Report

Return to List
High mode
B Color Image Link Quote Code Smilies
You need to log in before you can reply Login | Register

This forum Credits Rules

  •  

Service Hotline : (+86)18688117175
Contact us
E-mail : global@t-firefly.com
Copyright © 2014-2022, FIREFLY TECHNOLOGY CO.,LTD. All Rightts Reserved. 粤ICP备14022046号-2
Quick Reply Back to top Back to list