Real Estate Licensing NCREC-Broker-N Practice Questions ...
Latest Real Estate Licensing NCREC-Broker-N Practice Questions BY Patton
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Uploaded by Patton
15-Oct-2026
Verified by Experts
Based on Latest Exam Syllabus
Question 1
[Compliance with Laws and Regulations -- Lien Priority]
In North Carolina, which lien has the highest priority when property is sold to recover a debt?
A.Ad valorem property tax lien
B.Judgment lien
C.Mortgage lien
D.Whichever lien was recorded first
Correct Answer: AExplanation:
In North Carolina, and in most states, ad valorem (real estate) property tax liens have ''superior lien'' status. They take precedence over all other liens, regardless of recording date. This includes mortgage liens and judgment liens. Therefore, even if a mortgage was recorded first, a property tax lien takes priority. Correct answer: A.
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Question 2
In residential construction, building a concrete foundation directly on the ground is called:
A.pier and beam construction
B.platform construction
C.post and beam construction
D.slab-on-grade construction
Correct Answer: DExplanation:
A slab-on-grade foundation is a flat concrete slab poured directly on the ground, often used in warmer climates where ground freezing is not an issue. It supports the building structure directly and does not include a crawl space or basement. Pier and beam and post and beam refer to elevated structures, while platform construction refers to framing, not the foundation. Therefore, the correct answer is D.