Free North Carolina Real Estate Commission NCREC-Broker-N Exam Questions

Absolute Free NCREC-Broker-N Exam Practice for Comprehensive Preparation 

  • North Carolina Real Estate Commission NCREC-Broker-N Exam Questions
  • Provided By: North Carolina Real Estate Commission
  • Exam: NC Real Estate Broker National
  • Certification: Real Estate Broker
  • Total Questions: 126
  • Updated On: Apr 16, 2026
  • Rated: 4.9 |
  • Online Users: 252
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  • Question 1
    • The monthly rent for each unit in a six-unit office building is $2,500. The annual vacancy rate averages 4%. The owner collects $3,000 per year in advertising fees. Annual operating expenses are $40,000. The annual debt service is $25,000. What is the net operating income of this property?


      Answer: C
  • Question 2
    • A buyer's stable monthly income is $6,800. Every month they pay a $485 car payment, $200 in a revolving credit payment, and $1,500 in alimony. Using ratios of 31% and 43%, what is the maximum monthly mortgage payment they would qualify for on an FHA-insured mortgage loan? 


      Answer: B
  • Question 3
    • Bernie is the broker-in-charge at a brokerage firm located in North Carolina. He is actively involved in listing and selling properties. Mei is a provisional broker at the same brokerage firm. She has a buyer client who has expressed interest in one of Bernie's listings. In this transaction, what would be a permissible agency arrangement?


      Answer: C
  • Question 4
    • A loan is set up so that the borrower's loan payments are for the same amount each month. A portion of each payment goes to interest, and a portion goes to principal, and the loan balance will be zero at the end of the loan term. Which type of loan is this? 


      Answer: A
  • Question 5
    • When selling a house that was built before 1978, the seller is required to:

      Answer: B
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