[Dec 06, 2025] Valid NCREC-Broker-N Test Answers Full-length Practice Certification Exams [Q71-Q89]

새 질문 71
A property is selling for $690,000, and the seller’s estimated closing expenses amount to $8,000. If the seller originally purchased the property for $410,000 and paid $3,000 in closing expenses, what is the seller’s estimated profit on the sale?

새 질문 72
An investor bought a small office building for $500,000. They sold it 10 years later for $480,000. What is their percentage of loss?

새 질문 73
Why does the North Carolina Conner Act require deeds to be recorded?

새 질문 74
A prospective buyer, who just moved to town from Venezuela, asks their buyer agent to show them houses only in Latino neighborhoods. If the buyer agent complies with the buyer’s directions, the agent could be guilty of:

새 질문 75
The statute of frauds requires contracts for the sale of real property to be:

새 질문 76
If a seller whose property is currently listed with another company initiates a conversation with a broker about the possibility of the broker becoming their new listing agent, the broker:

새 질문 77
Which of the following BEST describes a seller’s market?

새 질문 78
A seller sold their house for $600,000. They are responsible for paying a 6% commission to the listing broker, closing costs of $8,500, and the remaining balance on their prior mortgage loan of $60,000. How much will they net on the sale?

새 질문 79
A seller tells their listing broker that the basement leaks in heavy rains but marks “No Representation” to the relevant question on the North Carolina Real Estate Commission’s Residential Property and Owners’ Association Disclosure Statement (RPOADS). The listing broker must:

새 질문 80
Under the terms of the NCAR/NCBA Offer to Purchase and Contract (Standard Form 2-T), the settlement date can be delayed for how long before the contract is no longer enforceable and binding on all parties?

새 질문 81
In North Carolina, which type of buyer agency agreement may be oral or written?

새 질문 82
Which is the correct formula for finding the value of a property using a capitalization rate?

새 질문 83
In North Carolina, a buyer agent must disclose their agency status to the seller or the seller’s agent:

새 질문 84
The owner of a house located in North Carolina sold it to a buyer for $523,400. The buyer finances $418,700 and makes a down payment of $104,700. At settlement, what is the required excise (transfer) tax, and who pays it?

새 질문 85
Friends Jack, Jill, and Harold bought a warehouse property in North Carolina, and the deed simply stated, “as joint tenants.” Assuming Harold had a will when he died, who got his share of the warehouse?

새 질문 86
When must a North Carolina broker provide a copy of the Working With Real Estate Agents (WWREA) Disclosure to a prospective buyer or seller?

새 질문 87
It would be considered the unauthorized practice of law for a North Carolina real estate broker to:

새 질문 88
After a purchase agreement has been signed, but before the transaction closes, the buyer attempts to have the contract voided. The buyer was able to prove that, because of a mental disorder, they were incompetent at the time the contract was signed although later went on medication. Is the contract still valid?

새 질문 89
Which of the following will an appraiser consider when appraising a property?