Free North Carolina Real Estate Commission NCREC-Broker-N Exam Dumps Questions & Answers

Which is MOST likely to be an example of an acceptable practice under the provisions of the federal Real Estate Settlement Procedures Act (RESPA) related to kickbacks?

• A.A mortgage company includes a link to a real estate brokerage firm's website on its home page in exchange for the brokerage sending clients their way.
• B.A home inspector gives a real estate broker tickets to the Super Bowl to thank the broker for the business they sent to the inspector this year.
• C.A real estate brokerage firm allows a title company to use the brokerage's downtown office to conduct closings as a convenience to downtown clients.
• D.A title company buys an ad in the local newspaper every month for the real estate brokerage firm that sends the title company the most referrals.

In North Carolina, an earnest money deposit that is paid by check must be deposited into a trust account no later than:

• A.3 banking days after receipt.
• B.3 banking days after acceptance of the offer.
• C.5 banking days after receipt.
• D.5 banking days after acceptance of the offer.

To equalize each comparable property to the subject property when performing the sales comparison approach, the appraiser should make adjustments to:

• A.the property being appraised.
• B.only the comparable properties.
• C.both the subject and comparable properties.
• D.only the subject property.

A week before closing, lightning struck the roof of the property being sold, doing about $5,000 in damage.
The seller and buyer agree to adjust the sales price accordingly and continue with the transaction. What should they do to document this mutual understanding?

• A.Prepare and sign an amendment
• B.Nothing; an oral agreement is sufficient
• C.Draft a lis pendens
• D.Execute a new purchase agreement

What is the EPA's recommended action level for radon in the air, measured in picocuries per liter (pCi/L)?

• A.2.0 pCi/L
• B.5.0 pCi/L
• C.3.0 pCi/L
• D.4.0 pCi/L