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Real Estate Licensing NCREC-Broker-N Exam - Topic 3 Question 12 Discussion

Actual exam question for Real Estate Licensing's NCREC-Broker-N exam
Question #: 12
Topic #: 3
[All NCREC-Broker-N Questions]

[Marketing and Advertising Authorization]

A real estate licensee's advertisement for a house includes only the following phrase about financing: "Assume the owner's original loan with only a $1,000 down payment!" What is wrong with this advertisement?

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Suggested Answer: A

According to the Truth in Lending Act (TILA) and advertising guidelines in North Carolina, if a licensee advertises specific financing terms---such as the amount of down payment---this triggers the requirement to disclose additional terms, including the annual percentage rate (APR), amount of payments, and term of the loan. The failure to include these terms makes the advertisement misleading and non-compliant.


by Nydia at Apr 03, 2026, 12:48 AM

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Thaddeus
18 days ago
I think D) is misleading. Even if it's their property, they still need to follow the rules.
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Nadine
23 days ago
A) is definitely the issue here. Gotta disclose the APR!
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Dahlia
1 month ago
I’m confused about whether it matters if it’s the licensee's own property. I feel like that could change the rules a bit, but I can't recall the specifics.
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Miriam
2 months ago
I practiced a question similar to this, and I think it was about disclosing loan terms. So, maybe option A is correct?
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Beatriz
2 months ago
I'm not entirely sure, but I remember something about needing to include the brokerage firm's name. It feels like that could be a rule.
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Dianne
2 months ago
I think the ad might be missing some important financing details, like the annual percentage rate. That seems to be a common requirement in real estate ads.
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