NCREC-Broker-N Exam Dumps : NC Real Estate Broker National

An exclusive agency listing agreement gives the listing brokerage the exclusive right to market the property, but if the seller personally finds the buyer (e.g., a co-worker), no commission is owed. In contrast, an exclusive right to sell agreement would entitle the brokerage to a commission regardless of who finds the buyer. Therefore, the correct answer is A.

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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.

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Step 1: Determine assessed value

Market value = $630,000

Assessment rate = 50%

Assessed value = $630,000 × 0.50 = $315,000

Step 2: Calculate tax

Tax rate = $32 per $1,000

$315,000 ÷ $1,000 = 315

315 × $32 = $10,080

However, this result matches option C. Therefore:

Answer: C

Corrected Final Answer: C. $10,080

Explanation Confirmed: Assessed value is 50% of $630,000 = $315,000. Tax at $32 per $1,000 means $315 × $32 = $10,080. Correct answer is C.

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