North Carolina Real Estate Broker Exam — All Questions

A newly licensed North Carolina broker holds a provisional broker license. To remove the provisional status, the broker must:

• a.Pass a second North Carolina state licensing examination
• b.Open and personally operate their own brokerage firm
• c.Complete the required post-licensing education in time✓
• d.Renew the license once for a further two-year period

A North Carolina provisional broker must complete the mandatory post-licensing education courses within the allowed period to remove the provisional status and become a full broker. Merely renewing, opening a firm, or retaking the exam does not satisfy this requirement. Failing to complete post-licensing education on time results in the license becoming inactive.

What prelicensing education does North Carolina require of an applicant for a broker license?

• a.90 hours of instruction completed within the prior three years
• b.120 hours of instruction completed within the prior two years
• c.75 hours of instruction completed within the prior three years✓
• d.75 hours of instruction completed within the prior five years

The applicant must be at least 18 and, within the three years preceding application, have completed at least 75 hours of instruction through a Commission-certified education provider (or equivalent education or experience the Commission accepts). Cite: N.C.G.S. 93A-4(a).

A North Carolina provisional broker must complete the Postlicensing education program on what schedule?

• a.18 months, in three 30-hour courses✓
• b.Three years, in three 30-hour courses
• c.Two years, in two 45-hour courses each
• d.12 months, in four 25-hour courses total

Every broker licensed on or after April 1, 2006 starts as a provisional broker and has 18 months from initial licensure to finish 90 hours of Postlicensing instruction, delivered as Courses 301, 302 and 303 of 30 instructional hours each. Cite: N.C.G.S. 93A-4(a1); 21 NCAC 58A .1902(a)-(b).

A North Carolina provisional broker reaches 18 months after initial licensure having finished only two of the three Postlicensing courses. What happens to the license?

• a.It is revoked; the broker must reapply and retest to be relicensed
• b.It is cancelled; course credit already earned is forfeited
• c.It stays active, but trust money may no longer be held
• d.It is placed on inactive status until the broker requalifies✓

Missing the 18-month deadline does not revoke or cancel the license: the statute and rule both place it on inactive status, and it returns to active status only when the broker satisfies the Commission's reactivation requirements. Cite: N.C.G.S. 93A-4(a1); 21 NCAC 58A .1902(c)-(d).

What brokerage experience does North Carolina require before a broker may be designated broker-in-charge?

• a.Four years of experience within the previous six years
• b.Two years of brokerage experience within the previous five years✓
• c.One year of experience within the previous three years
• d.Three years of experience within the previous ten years

A BIC needs at least two years of full-time brokerage experience, or equivalent part-time experience, within the previous five years, plus the Commission's 12-hour Broker-in-Charge Course. A provisional broker may never be designated BIC. Cite: N.C.G.S. 93A-4.2; 21 NCAC 58A .0110(e).

When does a North Carolina real estate license expire, and when may it be renewed?

• a.June 30 each year, with renewal available 45 days prior✓
• b.December 31, with renewal opening 30 days prior
• c.June 30, but only on the anniversary of initial licensure
• d.December 31, but only on the first renewal anniversary

All licenses issued under Article 1 expire on the 30th day of June following issuance, and a broker may renew during the 45 days before that expiration date. Cite: N.C.G.S. 93A-4(c); 21 NCAC 58A .0503(a).

A North Carolina broker let the license expire and applies to reinstate eight months later. What does the License Law permit?

• a.Reinstatement on payment of the ordinary renewal fee alone
• b.Reinstatement is barred permanently once six months have passed
• c.The Commission may treat the person as not previously licensed✓
• d.Reinstatement is automatic, on inactive status, at no charge

Reinstatement costs twice the renewal fee, and if the licensee fails to reinstate within six months after expiration the Commission may, in its discretion, treat the person as never having been licensed, which subjects the person to the original licensing requirements including the examination. Cite: N.C.G.S. 93A-4(c).

A North Carolina broker is convicted of a misdemeanor. When must the broker report it to the Commission?

• a.Within 30 days, but only for felony convictions
• b.Within 60 days, for a felony or misdemeanor conviction✓
• c.At the next license renewal, for felonies only
• d.Within 10 days, for any criminal charge filed

The broker must file a Criminal Conviction Disciplinary Action Reporting Form within 60 days of final judgment on any felony or misdemeanor conviction; the same 60-day duty covers occupational licensing discipline, military court-martial convictions and notarial sanctions. Cite: 21 NCAC 58A .0113(a).