Exam Code: NCREC-Broker-N
Exam Questions: 126
NC Real Estate Broker National
Updated: 20 Feb, 2026
Viewing Page : 1 - 13
Practicing : 1 - 5 of 126 Questions
Question 1

Under the North Carolina Timeshare Act, a timeshare developer must allow a buyer to cancel a purchase contract without penalty for how long after signing the contract? 

Options :
Answer: D

Question 2

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?

Options :
Answer: C

Question 3

A buyer's stable monthly income is $6,800. Every month they pay a $485 car payment, $200 in a revolving credit payment, and $1,500 in alimony. Using ratios of 31% and 43%, what is the maximum monthly mortgage payment they would qualify for on an FHA-insured mortgage loan? 

Options :
Answer: B

Question 4

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

Options :
Answer: D

Question 5

A comparable property sold for $300,000. It has a finished basement, while the subject property does not. The finished basement contributes $10,000 to value. What is the adjusted value of the comparable property? 

Options :
Answer: A

Viewing Page : 1 - 13
Practicing : 1 - 5 of 126 Questions

© Copyrights FreePDFQuestions 2026. All Rights Reserved

We use cookies to ensure that we give you the best experience on our website (FreePDFQuestions). If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the FreePDFQuestions.