Online Access Free NCREC-Broker-N Exam Questions

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

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

In North Carolina, if a listing broker is tempted to disclose the terms of an offer to get another buyer to submit a higher offer, what must the broker do?

• A.Only disclose the highest or best offer
• B.Obtain permission to disclose the terms of the offer from the seller only
• C.Disclose all offers to all competing buyers because the existence of multiple offers is a material fact
• D.Obtain express authority to disclose the terms of the offer from the offering party

Which of the following is a key characteristic of an exclusive right to sell listing agreement?

• A.The seller does not owe a commission if they sell the property themselves.
• B.The broker is guaranteed a commission if the property sells during the listing term.
• C.The seller can list the property with multiple brokers.
• D.The broker must be the procuring cause of the sale to earn a commission.

The listing agent for Guy's ranch home is also Ginny's buyer agent. After a long day of showing the requested two-story homes to Ginny, they drive past Guy's home, and she excitedly asks to see it. Guy is out of town and has given the agent permission to show the property in his absence, so the agent sees no harm in letting her in. Which statement is TRUE?

• A.The agent violated the duty of obedience to Ginny by showing her a ranch home instead of the requested two-story.
• B.The agent violated the duty of loyalty to Guy by letting them into his property when he wasn't there.
• C.The agent may have created an undisclosed and illegal dual agency.
• D.The agent did nothing wrong, as they were simply looking out for the buyer client's best interests.

A North Carolina non-provisional broker at ABC Realty has been working with a buyer client to help them purchase a house listed by XYZ Realty. After the transaction closes, who will pay the non-provisional broker the commission they earned?

• A.The supervising broker-in-charge at ABC Realty
• B.The qualifying broker of XYZ Realty
• C.The buyer client
• D.The seller