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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	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 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.

North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q25-Q30):

NEW QUESTION # 25
By what right could a county acquire private land necessary to build a new highway ramp?

A. Police power
B. Eminent domain
C. Escheat
D. Condemnation

Answer: B

Explanation:
Eminent domain is the government's right to take private property for public use, with just compensation to the owner. The legal process used to exercise this right is called condemnation. Therefore, while condemnation is the procedure, the actual right exercised is eminent domain. Escheat involves reverting property to the state when there is no heir, and police power involves regulations like zoning. Correct answer:B.

NEW QUESTION # 26
Which situation would be considered a material fact that a listing broker in North Carolina would be required to disclose to a prospective buyer?

A. A previous occupant manufactured methamphetamine on the property.
B. A previous owner died on the property.
C. The current owner believes the property is haunted.
D. A previous occupant had a serious illness.

Answer: A

Explanation:
According to North Carolina law, brokers are not required to disclose psychological stigmas such as death, illness, or belief in haunting. However, the manufacture of methamphetamine is a material fact due to health and safety hazards and must be disclosed. Therefore, answer B is correct.

NEW QUESTION # 27
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 buyer asks about it.
C. as a material fact to all transactional parties but only if the changes will be completed within a year.
D. to the buyer but only if the seller agrees to the disclosure.

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.
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NEW QUESTION # 28
According to the North Carolina Real Estate Commission Rules, what must be included in a written agency agreement?

A. The expiration date of the broker's license
B. An automatic renewal clause
C. A broker protection clause
D. The broker's license number

Answer: D

Explanation:
According to 21 NCAC 58A .0104(a), a written agency agreement in North Carolina must include the broker' s license number and a definite expiration date. These are required by the Commission to ensure regulatory clarity and accountability. A broker protection clause is optional and negotiated between parties. Automatic renewal clauses are prohibited in listing agreements. Therefore, the correct and required component is the broker's license number.
-

NEW QUESTION # 29
What is the formula for calculating capital gain when a principal residence is sold?

A. Adjusted Basis / Amount Realized
B. Amount Realized + Adjusted Basis
C. Adjusted Basis - Amount Realized
D. Amount Realized - Adjusted Basis

Answer: D

Explanation:
Capital gain is determined by subtracting theadjusted basis(original cost plus improvements minus depreciation) from theamount realized(selling price minus selling costs). This matchesAmount Realized - Adjusted Basisas per the Broker#N Financing and Taxation section.

NEW QUESTION # 30
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