Practice test

North Carolina Real Estate Practice Test

Free North Carolina real estate practice test with 20 questions on the broker-only licensing system, contracts and agency, finance, and NCREC rules.

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These questions are for study practice only and are not official exam questions.

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Question 1

1

What does loan-to-value (LTV) ratio measure in mortgage lending?

Question 2

2

In a fixed-rate amortizing mortgage, how does the proportion of principal versus interest in each payment change over the loan term?

Question 3

3

In real property, what distinguishes a fixture from personal property?

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