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Valid NCREC-Broker-N Exam Pattern, Reliable NCREC-Broker-N Test Preparation

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North Carolina Real Estate Commission NCREC-Broker-N Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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 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.

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North Carolina Real Estate Commission NCREC-Broker-N Exam Questions-Shortcut To Success

Our North Carolina Real Estate Commission NCREC-Broker-N exam questions are designed to provide you with the most realistic NCREC-Broker-N Exam experience possible. Each question is accompanied by an accurate answer, prepared by our team of experts. We also offer free North Carolina Real Estate Commission NCREC-Broker-N Exam Questions updates for 1 year after purchase, as well as a free NCREC-Broker-N practice exam questions demo before purchase.

North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q12-Q17):

NEW QUESTION # 12
What is the primary purpose of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)?

A. To regulate air quality standards
B. To oversee wildlife conservation efforts
C. To manage water pollution
D. To address hazardous waste sites and establish cleanup requirements

Answer: D

Explanation:
CERCLA, commonly known as Superfund, was enacted to address the cleanup of hazardous waste sites and to assign liability for the release of hazardous substances. It empowers the EPA to identify responsible parties and take remedial actions. Therefore, the correct answer is D.
-

NEW QUESTION # 13
What principle states that the value of the best home in a neighborhood will be lowered by the existence of inferior homes?

A. Regression
B. Anticipation
C. Progression
D. Contribution

Answer: A

Explanation:
ThePrinciple of Regressionin real estate appraisal dictates that the value of a higher-quality property is negatively impacted by surrounding inferior properties. In simple terms, even a well-maintained, high-end home can lose value if it's located among less desirable homes. PrepAgent explains:
"The principle of regression states that the value of a more expensive property will decrease when less expensive properties come into the area." This clearly matches the definition and corresponds exactly to optionD.

NEW QUESTION # 14
In the context of antitrust laws, which action would be considered an example of a group boycott?

A. Two brokers from different firms agree to charge the same commission rate.
B. Two brokers from different firms agree to focus on different neighborhoods.
C. Two brokers from different firms agree to use the same marketing materials.
D. Two brokers from different firms agree not to cooperate with a new discount brokerage.

Answer: D

Explanation:
A group boycott occurs when two or more competitors conspire to exclude another competitor from fair participation in the market-such as refusing to show listings, denying cooperation, or encouraging others not to do business with a certain firm. This violates federal antitrust laws. Price-fixing (choice A) is another violation, but it's not a group boycott. Therefore, the correct answer is D.
-

NEW QUESTION # 15
Which statement about a mortgagee's title insurance policy is TRUE?

A. The amount paid on a claim equals the original loan amount.
B. It protects the lender against defects in the title.
C. Coverage never expires as long as the buyer owns the property.
D. The policy premium is usually added to the monthly mortgage amount.

Answer: B

Explanation:
A mortgagee's (lender's) title insurance policy protects the lender from financial loss caused by title defects that were not discovered before the mortgage was issued. The policy coverage lasts until the loan is repaid.
The borrower pays a one-time premium at closing-it is not part of the monthly mortgage. Claims are based on the unpaid balance of the loan, not necessarily the full loan amount. Therefore, the correct answer is D.
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NEW QUESTION # 16
Which statement about the presence of mold in a home is TRUE?

A. Mold is most commonly found in areas with high moisture.
B. All mold is toxic.
C. Mold is listed as a hazard on the Residential Property and Owners' Association Disclosure Statement.
D. Mold can grow in any area under any conditions.

Answer: A

Explanation:
Mold requires moisture to grow and is most commonly found in damp environments such as basements, bathrooms, and areas with water damage. Not all mold is toxic, and the presence of mold is not specifically listed on the NC Residential Property and Owners' Association Disclosure Statement (though it may be disclosed as a material fact). Therefore, the correct answer is D.
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NEW QUESTION # 17
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