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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions:

1. The owners of a house that was built in 1950 are planning to sell it. What must they do prior to a sale of the property to comply with federal lead-based paint disclosure requirements?

A) Remove all lead-based paint
B) Purchase a home warranty policy that covers the removal of lead-based paint
C) Provide buyers with copies of any reports available from prior lead tests
D) Conduct a test for lead-based paint

2. A provision in a contract that makes the parties' rights and obligations dependent on the occurrence or nonoccurrence of a specified event is a(n):

A) option
B) amendment
C) contingency
D) stipulation

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

4. 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) Obtain express authority to disclose the terms of the offer from the offering party
D) Disclose all offers to all competing buyers because the existence of multiple offers is a material fact

5. 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

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