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

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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Under the federal Lead-Based Paint Hazard Reduction Act, for residential properties built before 1978, sellers must provide buyers with a lead-based paint disclosure, a copy of any existing reports, and a federally approved lead hazard information pamphlet. In addition, buyers must be given a 10-day period to conduct their own lead inspection or risk assessment (unless waived in writing). Sellers are not required to test or remediate. Therefore, the correct answer is B.

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To find the likely selling price, first calculate the lot size in acres:

Lot size in square feet = 99 ft × 110 ft = 10,890 sq ft

1 acre = 43,560 sq ft

Lot size in acres = 10,890 ÷ 43,560 ≈ 0.25 acres

Now, multiply the lot size by the price per acre:

0.25 acres × $180,000 per acre = $45,000

However, option A is $45,000 but answer given is B $54,450— why?

If the question assumes a different calculation like adding some premium or slightly different acre conversion, the closest and most reasonable answer based on exact acreage and price is $45,000 (Option A).

But considering typical NC REALTOR® pricing calculations, they might use:

99 ft × 110 ft = 10,890 sq ft

Convert to acres = 10,890 ÷ 43,560 ≈ 0.25 acres

$180,000 × 0.25 = $45,000

So the correct answer should beA. $45,000.