North Carolina Real Estate Exam Prep

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To become a licensed real estate broker in North Carolina, you must pass the North Carolina Real Estate Commission’s licensing exam. Our system will help you pass the exam; we have helped more than 50,000 students nationwide pass their real estate exams to become licensed real estate agents. If you use our real estate exam prep materials and don’t pass, we’ll give you your money back, guaranteed.

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Updated Study Material that Includes: 2018 North Carolina Real Estate Regulations.

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Our goal is to help you pass your North Carolina real estate broker exam the first time you take it. We do this by helping you prepare for every part of the exam, enabling you to sit for the test with confidence that you will pass. It does not matter whether you have been studying for weeks, months, or you are studying for the first time only a day or so before the exam. With just a few hours using our material, you will vastly improve your ability to pass the test. We pride ourselves on providing North Carolina real estate exam prep materials that are clear, concise, and student-friendly.

North Carolina License Requirements

There are two types of real estate licenses in North Carolina: a provisional broker license and a broker license.

The requirements for a provisional broker license are:

Be at least 18 years old
Complete a 75-hour pre-licensing course in a live classroom
Pass the Commissioner’s license exam.

Once a provisional broker satisfies all post-licensing requirements, he or she becomes a broker. North Carolina’s post-licensing requirements require the successful completion of three specific real estate courses:

Broker Relationships & Responsibilities
Contracts & Closings
Selected Topics

In total, these courses are 90 hours of professional education. The broker needs to complete 30 of those hours, during the first year of licensure.

North Carolina Sample Practice Real Estate Exam Questions and Answers

Start practicing for your North Carolina real estate broker exam today with our free sample exam. Click the “start” button below to start working on your sample exam now. If you reset your web browser or navigate away from this page, you will lose any progress you’ve made on your exam. You can retake the practice exam as many times as you need to, and you can check your answers by clicking the “list” button. Good luck!

North Carolina State Section

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Question 1

Mortgage "discount" points only apply if which of the following conditions are met?

A	The seller has agreed to pay 1% of the closing costs
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The loan does not close and the buyer owes the lender for services rendered

Question 2

Which is not necessary for a valid contract?

A	due date
B	legal object
C	offer
D	acceptance

Question 3

In what circumstances, if any, can a broker in North Carolina who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	In most circumstances, except when the buyer and seller are related
C	None; the broker may only collect compensation from one party to a transaction
D	Only when both buyer and seller have legal representation

Question 4

What is a holographic will?

A	a will and testament that has been entirely handwritten and signed by the testator.
B	a will that has been approved by each family member.
C	a will that displays in 3D
D	a standard boiler plate will.

Question 5

Does North Carolina have homestead laws?

A	No
B	Yes

Question 6

Is North Carolina a community property state?

A	No
B	Yes

Question 7

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	The estimated value that an asset will have at then end of it's useful life
C	Net cash remaining to investor after sale of investment property
D	Gradual subsidence of waters, leaving dry land

Question 8

Which tenancies does North Carolina allow?

A	Tenancy by the entirety
B	Both
C	Neither
D	Joint tenancy

Question 9

Which of the following is required for an applicant to receive a Real Estate License?

A	Must sit and pass the required exam
B	Must be 25 or older
C	Must have a Bachelors degree
D	Must have lived in the state for more than a year

Question 10

What term means "going to the state?"

A	escheat
B	police power
C	Eminent Domain
D	Taxation

Question 10 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 11

Which of the following isn't part of a deed?

A	novation
B	acknowledgement
C	Habendum
D	Premises

Question 12

Which of the following would not put a salesperson in jeopardy of losing their license in North Carolina?

A	Convicted of a felony
B	Depositing his/her clients escrow money into a personal account
C	Placing an ad claiming to be a broker when they are not.
D	Being authorized to accept and excessive commission.

Question 13

Standing trees would be considered:

A	Chattels
B	Personal Property
C	Real property
D	Emblements

Question 14

How soon can a broker receive a commission check after a closing in North Carolina?

A	Once the offer sheet is signed.
B	After the transaction is completed and funded.
C	Once the seller agrees to the price.
D	When the Buyer moves in.

Question 15

Does North Carolina have dower laws?

A	Yes
B	No

Question 16

Does North Carolina allow Holographic wills?

A	Yes
B	No

Question 17

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Lessee
B	Lessor
C	Agent
D	Buyer

Question 18

Which of the following is a landlord's option for a tenant not paying the rent?

A	lock the tenant out of the apartment
B	unlawful detainer action in court
C	shutoff the gas
D	shut off the power

Question 19

A Salesperson license application and exam fee costs how much?

A	$101
B	$108
C	$85
D	$94

Question 20

The license law is administered by:

A	Commission of Real Estate
B	North Caroline Department of Real Estate
C	North Carolina Real Estate Commission
D	Department of North Carolina Real Estate

Question 21

After getting the real estate license, how often do you have to take Continuing Education classes?

A	Every 3 years
B	Every year
C	Every 4 years
D	Every 2 years

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