North Carolina Real Estate Exam Prep

NC Salesperson Practice Exam

Our North Carolina Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to North Carolina’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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North Carolina License Requirements

There is only one “type” of real estate license, a broker license in North Carolina. There are however, there are several license status categories.
Provisional Broker: This is the “entry level” license status category. A person who has met all the license qualification requirements (including a 75-hour prelicensing course and passing the Commission’s license examination) is initially issued a broker license on “provisional” status and is referred to as a “provisional broker.”
Broker: – A broker is a “provisional broker” who satisfies all post licensing education requirements to terminate the “provisional” status of such license becomes simply a “broker” and is NOT required to be supervised by a broker-in-charge in order to hold an “active” license.

For more information on state requirements click here.

North Carolina Sample Practice Real Estate Exam Questions and Answers

North Carolina State Section

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Question 1

What is a holographic will?

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

Question 2

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 2 years
D	Every 4 years

Question 3

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

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

Question 4

Which is not necessary for a valid contract?

A	legal object
B	due date
C	offer
D	acceptance

Question 5

What is homestead protection?

A	Gradual subsidence of waters, leaving dry land
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	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

Question 6

Does North Carolina have homestead laws?

A	No
B	Yes

Question 7

The license law is administered by:

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

Question 8

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	escheat
D	police power

Question 8 Explanation:

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

Question 9

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 10

Standing trees would be considered:

A	Personal Property
B	Chattels
C	Emblements
D	Real property

Question 11

A Salesperson license application and exam fee costs how much?

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

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

Question 13

Is North Carolina a community property state?

A	No
B	Yes

Question 14

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

A	Agent
B	Lessee
C	Lessor
D	Buyer

Question 15

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

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

Question 16

Does North Carolina have dower laws?

A	Yes
B	No

Question 17

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

A	Habendum
B	Premises
C	novation
D	acknowledgement

Question 18

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

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

Question 19

Which tenancies does North Carolina allow?

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

Question 20

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