NCREC-BROKER-N VALID EXAM GUIDE, STUDY NCREC-BROKER-N DUMPS

NCREC-Broker-N Valid Exam Guide, Study NCREC-Broker-N Dumps

NCREC-Broker-N Valid Exam Guide, Study NCREC-Broker-N Dumps

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North Carolina Real Estate Commission NC Real Estate Broker National Sample Questions (Q46-Q51):

NEW QUESTION # 46
A North Carolina broker has been designated as the broker-in-charge (BIC) at a brokerage firm. This means that the broker:

  • A. can supervise both the main office and one or more branch offices.
  • B. can appoint a second BIC to help in the office.
  • C. must supervise all provisional brokers in the office.
  • D. must be the owner of the brokerage firm.

Answer: C

Explanation:
In North Carolina, theBroker#In#Charge (BIC)is responsible for supervisingall provisional brokersand ensuring they adhere to Commission rules. While a BIC may also supervise branch offices if appointed, the core statutory duty is direct supervision of licensed provisional brokers . Therefore,Option Dis the most accurate.


NEW QUESTION # 47
What is the formula for calculating capital gain when a principal residence is sold?

  • A. Adjusted Basis - Amount Realized
  • B. Amount Realized + Adjusted Basis
  • C. Adjusted Basis / Amount Realized
  • D. Amount Realized - Adjusted Basis

Answer: D

Explanation:
Capital gain is determined by subtracting theadjusted basis(original cost plus improvements minus depreciation) from theamount realized(selling price minus selling costs). This matchesAmount Realized - Adjusted Basisas per the Broker#N Financing and Taxation section.


NEW QUESTION # 48
A local bank refuses to make residential loans in a particular section of town because of the ethnic background of its residents. This is a discriminatory practice called:

  • A. blockbusting
  • B. boycotting
  • C. steering
  • D. redlining

Answer: D

Explanation:
Redlining refers to the illegal practice by lenders of denying loans or altering loan terms based on the racial or ethnic composition of a neighborhood. This violates federal fair housing laws and is discriminatory in nature.
Blockbusting involves inducing sellers to sell by suggesting that a minority group is moving in; steering involves directing buyers to or from neighborhoods based on race; boycotting is an antitrust violation.
Therefore, C is the correct answer.
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NEW QUESTION # 49
Which of these activities is prohibited by federal antitrust laws?

  • A. Price-fixing
  • B. Providing legal advice
  • C. Racial discrimination
  • D. Price gouging

Answer: A

Explanation:
Federal antitrust laws, including the Sherman Antitrust Act, prohibit activities that restrict fair competition.
One of the key prohibited practices is price-fixing-an agreement among competitors to set commission rates or pricing, which violates the requirement for competitive, independent business conduct. Price gouging is related to consumer protection during emergencies, and racial discrimination falls under fair housing law, not antitrust. Providing legal advice is a separate licensing concern. Therefore, A is correct.


NEW QUESTION # 50
The property manager of an apartment building would be in violation of the federal Fair Housing Act if they discriminated against a prospective tenant on the basis of:

  • A. age.
  • B. military status.
  • C. marital status.
  • D. familial status.

Answer: D

Explanation:
The federal Fair Housing Act prohibits discrimination based on race, color, religion, sex, national origin, disability, and familial status. Familial status includes pregnant women and families with children under 18.
Age and military status are not federally protected classes under this law (though they may be under local ordinances). Marital status is not a protected class under federal law either. Therefore, the correct answer is B.
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NEW QUESTION # 51
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