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Real Estate Salesperson Exam — National Portion

Agency (NC): practice questions

Our Real Estate (National) bank has 10 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · North Carolina

If first substantial contact is by phone, by when must a North Carolina broker send "Working with Real Estate Agents"?

  1. Within 3 days
  2. Within 10 days
  3. At closing
  4. When an offer is made
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A. Within 3 days — 21 NCAC 58A .0104(c).

Question 2 · North Carolina

What may a North Carolina firm do, with both clients' approval, when it represents buyer and seller?

  1. Charge a double fee
  2. Designate separate brokers for each side
  3. Keep the dual agency secret from both clients
  4. Drop one client without notice
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B. Designate separate brokers for each side — 21 NCAC 58A .0104(j): designated agency.

Question 3 · North Carolina

What must every North Carolina written brokerage agreement include?

  1. A definite end date with no notice needed to end
  2. An automatic yearly renewal
  3. A minimum 6% fee
  4. The buyer's credit score
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A. A definite end date with no notice needed to end — 21 NCAC 58A .0104(a), along with the broker's license number.

Question 4 · North Carolina

A North Carolina seller's agent working with a buyer must disclose that role in writing by when?

  1. First substantial contact
  2. When the buyer makes an offer
  3. At closing
  4. Only if asked
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A. First substantial contact — 21 NCAC 58A .0104(e).

Question 5 · North Carolina

What fair housing language does North Carolina require in every listing or buyer agency agreement?

  1. None
  2. A non-discrimination provision, set out conspicuously
  3. A notice of the Fair Housing Act's penalties
  4. A HUD complaint phone number
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B. A non-discrimination provision, set out conspicuously — 21 NCAC 58A .0104(b).

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