Confidently Practice Online with Free NCREC-Broker-N Exam Cram

Practice your NC Real Estate Broker National certification test with free NCREC-Broker-N exam cram and take control of your certification preparation. At FreeExamCram, you can practice online for free using real NCREC-Broker-N exam dumps, verified questions, and expert-designed free online practice tests. Moreover our North Carolina Real Estate Commission NCREC-Broker-N exam cram backed by our confidence-boosting refund guarantee.

Question 1

The property manager of an apartment building would be in violation of the federal Fair Housing Act if they discriminated against a prospective tenant on the basis of:

Options :

A : age.

B : familial status.

C : marital status.

D : military status.

Answer: B

Question 2

What principle states that the value of the best home in a neighborhood will be lowered by the existence of inferior homes?

Options :

A : Anticipation

B : Contribution

C : Progression

D : Regression

Answer: D

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?

Options :

A : Bernie and Mei could act as dual agents to both clients.

B : Bernie and Mei each have a single agency relationship with their respective clients.

C : Bernie and Mei would be designated agents of their respective clients.

D : Bernie would be the designated agent for both buyer and seller.

Answer: C

Question 4

When selling a house that was built before 1978, the seller is required to:

Options :

A : conduct an inspection for lead-based paint hazards.

B : give the buyer the opportunity to conduct their own lead paint inspection.

C : mitigate any lead-based paint hazards on the property.

D : pay for a lead-based paint risk assessment.

Answer: B

Question 5

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?

Options :

A : Fully amortizing

B : Negatively amortizing

C : Partially amortizing

D : Straight amortizing

Answer: A