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North Carolina Real Estate Commission NCREC-Broker-N Exam Dumps - Actual Questions Answers


NCREC-Broker-N practice test questions answers

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NCREC-Broker-N Questions and Answers

Question # 1

A buyer and a seller have both signed the NCAR/NCBA Offer to Purchase and Contract (Standard Form 2-T), creating a binding sales agreement. The buyer's loan is denied during the due diligence period, and they provide the proper notice to terminate the transaction. In this scenario, the buyer can receive:

A.

a refund of the due diligence fee only.

B.

a refund of the earnest money deposit only.

C.

a refund of both the due diligence fee and the earnest money deposit.

D.

no refund because the buyer terminated a valid contract.

Question # 2

A property manager receives a request from a prospective tenant to install grab bars in the showers and a handrail by the toilet to assist the tenant with their disability. According to the Fair Housing Act, what is the property manager required to do?

A.

Allow the tenant to make the modifications at their expense

B.

Make the requested modifications at the property owner's own expense

C.

Raise the amount of the tenant's security deposit to pay for the modifications

D.

Ask the tenant to provide proof from a doctor or physical therapist of their need

Question # 3

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

A.

At the very first contact

B.

At the first substantial contact

C.

Within 24 hours of the first substantial contact

D.

No later than when an offer is submitted

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