Valid North Carolina Real Estate Commission NCREC-Broker-N Exam Vce | NCREC-Broker-N Exam Simulator

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q30-Q35):

NEW QUESTION # 30
What is the EPA's recommended action level for radon in the air, measured in picocuries per liter (pCi/L)?

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

Answer: A

Explanation:
The U.S. Environmental Protection Agency (EPA) has established a recommended action level of 4.0 picocuries per liter (pCi/L) for radon gas in indoor air. If a home's radon level is at or above this threshold, mitigation is recommended to reduce exposure. Radon is a naturally occurring radioactive gas that can pose serious health risks, particularly lung cancer. Therefore, the correct answer is C.
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NEW QUESTION # 31
The monthly rent for each unit in a six-unit office building is $2,500. The annual vacancy rate averages 4%.
The owner collects $3,000 per year in advertising fees. Annual operating expenses are $40,000. The annual debt service is $25,000. What is the net operating income of this property?

A. $135,800
B. $132,680
C. $150,800
D. $110,800

Answer: A

Explanation:
Step 1: Calculate Gross Scheduled Income
6 units × $2,500/month × 12 months = $180,000
Step 2: Deduct Vacancy Loss (4%)
$180,000 × 0.04 = $7,200
Effective Gross Income = $180,000 # $7,200 = $172,800
Step 3: Add Other Income
$172,800 + $3,000 (advertising fees) = $175,800
Step 4: Subtract Operating Expenses (ignore debt service)
$175,800 # $40,000 = $135,800
Note: Net Operating Income (NOI) excludes debt service.
Correct answer: C

NEW QUESTION # 32
Josh is a new North Carolina broker at Atlantic Realty. He just got his first listing and wrote the following ad:
"Charming seaside cottage. Call Broker Josh at 555-9876 for an appointment." Which statement about this ad copy is TRUE?

A. The ad must include Josh's email address.
B. The ad is acceptable as written.
C. This is an example of an illegal blind ad.
D. The ad must include an address for the property.

Answer: C

Explanation:
According to NCREC advertising rules, any advertisement by a broker must clearly identify the firm with which the broker is affiliated. Failing to do so results in what is considered a "blind ad," which is prohibited.
Josh's ad does not include his brokerage firm's name-Atlantic Realty-so it is a blind ad. Therefore, the correct answer is D.
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NEW QUESTION # 33
Why does the North Carolina Conner Act require deeds to be recorded?

A. To provide constructive notice of the transfer
B. To ensure the validity of the deed
C. To comply with the statute of frauds
D. To provide actual notice to all parties involved

Answer: A

Explanation:
The Conner Act in North Carolina requires that certain real estate documents (including deeds, leases over 3 years, and easements) must be recorded in order to be enforceable against third parties. Recording a deed provides constructive notice to the world that an ownership transfer has occurred. Constructive notice is a legal concept meaning everyone is deemed to know the facts once the document is publicly recorded.
Therefore, the correct answer is B.

NEW QUESTION # 34
A prospective buyer offers to buy a house for $415,000, with an earnest money deposit of $1,000. The seller crosses out the earnest money amount, changes it to $4,000, initials and dates the change, signs the offer, and returns it to the buyer. Which of the following statements is TRUE?

A. Because the seller changed only the earnest money amount and not the price, the offer was accepted as soon as the seller signed it.
B. Because the seller changed only the earnest money amount and not the price, the offer was accepted when the seller notified the buyer.
C. If the buyer rejects the change, the seller can accept the buyer's original offer.
D. The seller has rejected the original offer and made a counteroffer.

Answer: D

Explanation:
Any change to the terms of an offer-regardless of how small-constitutes a rejection of the original offer and the creation of a counteroffer. In this case, the seller changed the earnest money amount, which is a material term of the offer. Therefore, the original offer is void and the seller has made a counteroffer that the buyer can now accept or reject. Correct answer: D.
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NEW QUESTION # 35
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