Practice Real Estate Licensing NCREC-Broker-N Exam Questions
Page: 1/25 Total 125 Questions
Question No 1
A business may contact a former client for up to _______ after a transaction closes, even if that client
is on the National Do Not Call Registry?
Question No 2
The owner of a lot that is 99 feet by 110 feet would like to sell it. Similar properties sell for $180,000
per acre. What is the likely selling price for this property?
Question No 3
A buyer signs a contract to purchase a 10 - year - old unit in a condominium community. Under the
provisions of the North Carolina Condominium Act, how many days does the buyer have to rescind
the contract?
Question No 4
Under the terms of the NCAR/NCBA Offer to Purchase and Contract (Standard Form 2 - T), the
settlement date can be delayed for how long before the contract is no longer enforceable and
binding on all parties?
Question No 5
An appraiser estimates that it would cost $598,720 to rebuild the subject house. Now what must the
appraiser do to arrive at an opinion of value for the property using the cost approach?