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

Topic	Details
Topic 1	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 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: 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.

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q17-Q22):

NEW QUESTION # 17
Which situation would be an appropriate use of an expedited eviction process in North Carolina?

A. A tenant in a two-week vacation rental has breached the rental agreement.
B. A tenant has been arrested on a charge of domestic violence.
C. A residential tenant has not paid the rent in more than two months.
D. A tenant has filed a false complaint with a local housing authority.

Answer: A

Explanation:
Under NC General Statutes Chapter 42A (Vacation Rental Act), a landlord may employ theexpedited eviction process(using magistrate and four-hour notice) when a tenant under a vacation rental agreement (30 days or fewer) breaches the contract-such as overstaying, failing to pay rent, or materially violating terms. A two-week vacation rental falls under this provisionsog.unc.edufairhousingnc.org+14ncleg.gov+14nclamp.
gov+14fairhousingnc.org. Option A is standard eviction, not expedited; B and C don't qualify under expedited procedures.

NEW QUESTION # 18
For which appraisal assignment is the gross rent multiplier (GRM) method MOST appropriate?

A. Retail establishment
B. 10-unit apartment building
C. Warehouse complex
D. Residential duplex

Answer: D

Explanation:
The Gross Rent Multiplier (GRM) is best suited for valuing small residential income properties, typically 1-4 units, where monthly rental income is a primary valuation factor. Among the options, a residential duplex (two units) fits this criteria perfectly. Larger multi-unit properties and commercial properties typically require more complex income capitalization approaches.
Reference:
NCREC Appraisal Study Guide - Income Approach
Uniform Standards of Professional Appraisal Practice (USPAP) Guidelines on GRM Use

NEW QUESTION # 19
In North Carolina, which lien has the highest priority when property is sold to recover a debt?

A. Judgment lien
B. Whichever lien was recorded first
C. Ad valorem property tax lien
D. Mortgage lien

Answer: C

Explanation:
In North Carolina, and in most states, ad valorem (real estate) property tax liens have "superior lien" status.
They take precedence over all other liens, regardless of recording date. This includes mortgage liens and judgment liens. Therefore, even if a mortgage was recorded first, a property tax lien takes priority. Correct answer: A.
-

NEW QUESTION # 20
When a borrower obtains an FHA-insured loan, the source of the funds is MOST likely to be:

A. the Department of Housing and Urban Development (HUD)
B. an approved lender
C. the Federal Housing Administration (FHA)
D. Fannie Mae

Answer: B

Explanation:
The FHA (Federal Housing Administration) does not lend money directly to borrowers. Instead, FHA-insured loans are funded by approved private lenders such as banks, mortgage companies, or credit unions. The FHA insures the loan to protect the lender from default risk. HUD oversees the FHA but does not provide the funds. Fannie Mae is part of the secondary market. Therefore, the correct answer is A.
-

NEW QUESTION # 21
In North Carolina, which type of buyer agency agreement may be oral or written?

A. Nonexclusive buyer agency agreement that does not bind the buyer for a fixed period of time
B. Nonexclusive buyer agency agreement for a fixed period of time
C. Exclusive buyer agency agreement that does not bind the buyer for a fixed period of time
D. Exclusive buyer agency agreement for a fixed period of time

Answer: A

Explanation:
In North Carolina, a nonexclusive buyer agency agreement that does not include a specific time period can initially be oral. However, before writing or presenting any offers on behalf of the buyer, the agreement must be put into writing and signed. Exclusive buyer agency agreements and any agreement that includes a fixed term must be in writing from the beginning. Therefore, the correct answer is D.
-

NEW QUESTION # 22
......

The NC Real Estate Broker National certification provides beginners and professionals with multiple great career opportunities. The North Carolina Real Estate Commission Exam NCREC-Broker-N examination is one of the most demanding North Carolina Real Estate Commission tests. There are multiple benefits you can get after cracking the NCREC-Broker-N test. The top-listed benefits include skill verification, high-paying jobs, bonuses, and promotions in your current organizations. All these benefits of earning the NCREC-Broker-N certificate help you level up your career in the tech sector.

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