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Pass Guaranteed Quiz NCREC-Broker-N - Updated NC Real Estate Broker National Review Guide

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q113-Q118):

NEW QUESTION # 113
At a minimum, how many members of the North Carolina Real Estate Commission are required to be active real estate brokers?

A. 9 members
B. 7 members
C. 5 members
D. 3 members

Answer: B

Explanation:
Per theNorth Carolina Real Estate Commission statutes, the Commission consists of7 members, a majority of whom must be active real estate brokers. While specific numeric breakdown isn't publicly displayed in the Commission's FAQs, the Commission's own staffing and regulatory structure confirm the 7-member board format. The active broker majority requirement necessarily means at least 4 of the 7 must be actively licensed brokers. Therefore,C (7 members)is the correct answer.
Reference:
NCREC General FAQ and organizational structure descriptions

NEW QUESTION # 114
What is the primary purpose of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)?

A. To address hazardous waste sites and establish cleanup requirements
B. To manage water pollution
C. To oversee wildlife conservation efforts
D. To regulate air quality standards

Answer: A

Explanation:
CERCLA, commonly known as Superfund, was enacted to address the cleanup of hazardous waste sites and to assign liability for the release of hazardous substances. It empowers the EPA to identify responsible parties and take remedial actions. Therefore, the correct answer is D.
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NEW QUESTION # 115
A broker who solicits active clients of other brokers may be guilty of:

A. negligent obstruction.
B. negligent interference.
C. tortious interference.
D. tortious obstruction.

Answer: C

Explanation:
Tortious interference occurs when a person intentionally damages another party's contractual or business relationships. In real estate, this can happen if a broker actively tries to lure away a client who is currently under an exclusive agreement with another broker. It is an unethical and potentially illegal act. Therefore, the correct answer is A.
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NEW QUESTION # 116
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?

A. $495,500
B. $531,500
C. $499,610
D. $564,000

Answer: A

Explanation:
Total sale price = $600,000
Commission = $600,000 × 0.06 = $36,000
Total deductions = $36,000 (commission) + $8,500 (closing costs) + $60,000 (loan payoff) = $104,500 Net proceeds = $600,000 - $104,500 = $495,500 Correct answer: B
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NEW QUESTION # 117
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 had a serious illness.
B. The current owner believes the property is haunted.
C. A previous occupant manufactured methamphetamine on the property.
D. A previous owner died on the property.

Answer: C

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 # 118
......

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