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Associate NCREC-Broker-N Level Exam - Most NCREC-Broker-N Reliable Questions

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q89-Q94):

NEW QUESTION # 89
What is the EPA's recommended action level for radon in the air, measured in picocuries per liter (pCi/L)?

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

Answer: C

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 # 90
According to the North Carolina Real Estate Commission Rules, what must be included in a written agency agreement?

A. An automatic renewal clause
B. A broker protection clause
C. The expiration date of the broker's license
D. The broker's license number

Answer: D

Explanation:
According to 21 NCAC 58A .0104(a), a written agency agreement in North Carolina must include the broker' s license number and a definite expiration date. These are required by the Commission to ensure regulatory clarity and accountability. A broker protection clause is optional and negotiated between parties. Automatic renewal clauses are prohibited in listing agreements. Therefore, the correct and required component is the broker's license number.
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NEW QUESTION # 91
Which situation would be an appropriate use of an expedited eviction process in North Carolina?

A. A tenant has been arrested on a charge of domestic violence.
B. A residential tenant has not paid the rent in more than two months.
C. A tenant has filed a false complaint with a local housing authority.
D. A tenant in a two-week vacation rental has breached the rental agreement.

Answer: D

Explanation:
Under NC General Statutes Chapter 42A (Vacation Rental Act), a landlord may employ theexpedited eviction process(using magistrate and four-hour notice) when a tenant under a vacation rental agreement (30 days or fewer) breaches the contract-such as overstaying, failing to pay rent, or materially violating terms. A two-week vacation rental falls under this provisionsog.unc.edufairhousingnc.org+14ncleg.gov+14nclamp.
gov+14fairhousingnc.org. Option A is standard eviction, not expedited; B and C don't qualify under expedited procedures.

NEW QUESTION # 92
The primary purpose of a comparative market analysis of real property is to provide a(n):

A. seller with a range of appropriate listing prices.
B. lender with the appropriate market value of the collateral.
C. insurer with the estimated cost to rebuild the property.
D. appraiser with a thorough picture of the current economic market.

Answer: A

Explanation:
A Comparative Market Analysis (CMA) is a tool used by real estate brokers to estimate the probable selling price of a property based on recently sold, active, and expired listings of similar properties. The primary purpose is to assist a seller in determining a reasonable and competitive listing price. Unlike a formal appraisal, a CMA is not intended for use by appraisers, insurers, or lenders. Therefore, the correct answer is C.
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NEW QUESTION # 93
If a buyer defaults on a purchase agreement just prior to settlement, what clause in the contract would likely allow the seller to keep the earnest money deposit?

A. Punitive damages
B. Compensatory damages
C. Liquidated damages
D. Actual damages

Answer: C

Explanation:
Liquidated damages refer to a pre-agreed amount of compensation (often the earnest money deposit) that one party is entitled to retain in the event the other party breaches the contract. In North Carolina, the standard Offer to Purchase and Contract includes provisions stating that if a buyer breaches after due diligence, the seller may retain the earnest money as liquidated damages. Therefore, the correct answer is C.
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NEW QUESTION # 94
......

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