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[Hardware] 2026 North Carolina Real Estate Commission NCREC-Broker-N–Professional New Exam

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【Hardware】 2026 North Carolina Real Estate Commission NCREC-Broker-N–Professional New Exam

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This is similar to the NCREC-Broker-N desktop format but this is browser-based. It requires an active internet connection to run and is compatible with all browsers such as Google Chrome, Mozilla Firefox, Opera, MS Edge, Safari, Internet Explorer, and others. The North Carolina Real Estate Commission NCREC-Broker-N Mock Exam helps you self-evaluate your NC Real Estate Broker National exam preparation and mistakes. This way you improve consistently and attempt the NCREC-Broker-N certification exam in an optimal way for excellent results in the exam.
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
  • 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 3
  • 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.
Topic 4
  • 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.

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q65-Q70):NEW QUESTION # 65
If a seller whose property is currently listed with another company initiates a conversation with a broker about the possibility of the broker becoming their new listing agent, the broker:
  • A. may suggest that the seller terminate the current listing agreement early.
  • B. must advise the seller to contact an attorney.
  • C. may not discuss the terms of any possible future listing agreement.
  • D. may discuss the terms of a possible listing agreement that would begin after the current listing ends.
Answer: D
Explanation:
Under the NCREC Rules and Code of Ethics, a broker may not interfere with another firm's existing exclusive listing agreement. However, if a seller independently initiates a conversation, a broker is allowed to discuss the terms of a future agreement - but that agreement must begin only after the current listing expires.
The broker must not suggest early termination or breach of contract. Therefore, option A accurately reflects what is legally and ethically permissible.

NEW QUESTION # 66
Which of the following is a key characteristic of an exclusive right to sell listing agreement?
  • A. The broker must be the procuring cause of the sale to earn a commission.
  • B. The broker is guaranteed a commission if the property sells during the listing term.
  • C. The seller does not owe a commission if they sell the property themselves.
  • D. The seller can list the property with multiple brokers.
Answer: B
Explanation:
Anexclusive right to selllisting gives one broker the sole authority to market and sell a property. The broker is entitled to a commissionno matter who procures the buyer, even if the seller finds the buyer independently during the listing period commission payment upon sale within the term-matchingoption A.
Option B is false (that applies to exclusive agency); C applies to open or exclusive-agency; and D conflicts with the exclusivity provision.

NEW QUESTION # 67
After taking a listing on a property, a broker learns of major highway changes in the area. The broker should disclose this information:
  • A. as a material fact to all transactional parties.
  • B. to the buyer but only if the seller agrees to the disclosure.
  • C. to the buyer but only if the buyer asks about it.
  • D. as a material fact to all transactional parties but only if the changes will be completed within a year.
Answer: A
Explanation:
North Carolina brokers are obligated to disclose all material facts to all parties in a transaction, regardless of representation. Planned infrastructure changes such as highway expansions may affect property value or desirability and are therefore material facts. The duty to disclose is not conditional on the buyer's inquiry or seller's permission. So the correct answer is C.
-

NEW QUESTION # 68
The owner of a house located in North Carolina sold it to a buyer for $523,400. The buyer finances $418,700 and makes a down payment of $104,700. At settlement, what is the required excise (transfer) tax, and who pays it?
  • A. $523.40, paid by the seller
  • B. $1,047.00, paid by the seller
  • C. $838.00, paid by the buyer
  • D. $1,046.80, paid by the buyer
Answer: B
Explanation:
In North Carolina, the excise (transfer) tax is calculated at a rate of $1 per $500 of the sale price, rounded down to the nearest $500. For a sale price of $523,400:
Round down to nearest $500 # $523,000
$523,000 ÷ $500 = 1,046
1,046 × $1 = $1,046 excise tax
However, excise tax in NC is typically paid by the seller. Therefore, the correct answer is D: $1,047.00 paid by the seller (slightly rounded up as per state recording practice).

NEW QUESTION # 69
Which of the following entities would participate in the primary market for mortgage lending?
  • A. Federal Housing Administration
  • B. Federal Home Loan Mortgage Corporation
  • C. Commercial bank
  • D. Federal National Mortgage Association
Answer: C
Explanation:
The primary mortgage market is where loans are originated. Lenders such as commercial banks, credit unions, mortgage bankers, and savings institutions interact directly with borrowers. The Federal Home Loan Mortgage Corporation (Freddie Mac) and Federal National Mortgage Association (Fannie Mae) operate in the secondary market, purchasing existing loans. The Federal Housing Administration (FHA) insures loans but does not lend directly. Therefore, the correct answer is A.
-

NEW QUESTION # 70
......
The prominent benefits of North Carolina Real Estate Commission NCREC-Broker-N certification exam are more career opportunities, updated skills and knowledge, recognition of expertise, and instant rise in salary and promotion in new job roles. To do this you just need to pass the North Carolina Real Estate Commission NCREC-Broker-N Exam. However, to get success in the NCREC-Broker-N exam is not an easy task, it is a challenging NCREC-Broker-N exam.
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