North Carolina Real Estate Exam Practice Questions (2025)

North Carolina's real estate broker (provisional broker) exam has 120 questions: 80 national and 40 state-specific. You need 75% to pass. Here are practice questions from both sections.

National Section Questions

Q1: A seller is asking $450,000 for their property. The buyer offers $425,000. The seller counters at $438,000. The buyer then offers $430,000. At this point, which offer is valid? A) The original $425,000 offer B) The seller's $438,000 counter C) The buyer's $430,000 offer D) No valid offer exists

Answer: C — Each counteroffer extinguishes the previous offer. Only the $430,000 offer is currently open.

Q2: A property sells for $520,000. The listing broker charges 5.8% commission, split 50/50. The listing agent earns 60% of the listing side. What does the listing agent earn? - Total commission: $520,000 × 0.058 = $30,160 - Listing side: $30,160 ÷ 2 = $15,080 - Agent share: $15,080 × 0.60 = $9,048

Q3: Which approach to value is MOST appropriate for a special-use property like a church? A) Sales comparison approach B) Income approach C) Cost approach D) Gross rent multiplier

Answer: C — Special-use properties (churches, schools, government buildings) rarely sell or produce income, so the cost approach is typically most appropriate.

North Carolina-Specific Section Questions

Q4: In North Carolina, real estate licenses are issued as: A) Salesperson license, then broker license B) Provisional broker, then full broker C) Associate license, then principal broker D) Candidate license, then active license

Answer: B — North Carolina issues a provisional broker license initially. After completing 90 hours of postlicensing education (in 3 courses of 30 hours each) within 18 months, the licensee becomes a full broker.

Q5: The North Carolina Real Estate Commission (NCREC) is composed of how many members? A) 6 members B) 7 members C) 9 members D) 11 members

Answer: C — NCREC has 9 members: 7 licensed real estate brokers and 2 consumer members, appointed by the Governor with input from legislative leaders.

Q6: The "Working with Real Estate Agents" brochure in North Carolina: A) Must be given to all parties at the time of closing B) Must be provided to prospective buyers and sellers at the first substantial contact C) Only needs to be provided to buyers, not sellers D) Is optional — licensees may choose whether to provide it

Answer: B — North Carolina requires the Working with Real Estate Agents brochure to be provided at first substantial contact with a prospective buyer or seller.

Q7: Which statement is correct about buyer agency in North Carolina? A) All licensees who work with buyers are automatically buyer's agents B) A buyer's agent owes fiduciary duties to the buyer only if they have a written agreement C) North Carolina presumes licensees represent the seller unless there is a written buyer agency agreement D) Buyer agency in North Carolina requires NCREC pre-approval

Answer: C — Without a written buyer agency agreement, licensees are presumed to represent the seller under North Carolina's agency law.

Q8: In North Carolina, the Real Estate Education and Recovery Fund: A) Pays for prelicense education scholarships B) Compensates victims of real estate license law violations when a licensee cannot pay C) Funds NCREC operating expenses D) Provides grants to first-time home buyers

Answer: B — North Carolina's Real Estate Education and Recovery Fund (RERF) compensates persons damaged by the fraudulent, misrepresentative, or dishonest conduct of a licensee when the licensee is unable to pay.

Q9: North Carolina's license law is found in: A) North Carolina General Statutes Chapter 47 B) North Carolina General Statutes Chapter 93A C) North Carolina Administrative Code Title 21 D) North Carolina Real Property Law

Answer: B — NCGS Chapter 93A is the Real Estate License Law. The implementing rules are in NCAC Title 21, Chapter 58.

Q10: What is the maximum annual payment from the NC Real Estate Education and Recovery Fund for a single transaction? A) $10,000 B) $25,000 C) $50,000 D) $75,000

Answer: C — The maximum recovery from the RERF is $50,000 per transaction (lifetime cap per licensee is $150,000).

[Practice North Carolina questions at CARealestate.com/states/north-carolina](https://carealestate.com/states/north-carolina)