RCE Practice Questions - REALTOR Association Certified Executive (NAR) Exam - RCE Practice Questions - REALTOR Association Certified Executive (NAR) Exam

Question 1

A REALTOR association is organized as a not-for-profit under IRS Section 501(c)(6). What is the PRIMARY tax characteristic of a 501(c)(6) trade association?

Exempt from federal income tax on related business-league activities; contributions are NOT deductible as charitable gifts Exempt from federal income tax with charitable-contribution deductibility for donors Subject to corporate income tax on all activities Required to operate as a for-profit C corporation

Correct Answer:

Exempt from federal income tax on related business-league activities; contributions are NOT deductible as charitable gifts

Question 2

An Association Executive (AE) is asked by a member how much to charge for buyer-broker compensation in 2026. The MOST appropriate response is:

Suggest a 'standard' rate to all members Decline to recommend any rate and refer to the association's antitrust statement; compensation is set independently by each broker with the client Refer the member to NAR's recommended commission Negotiate the rate on behalf of the member

Correct Answer:

Decline to recommend any rate and refer to the association's antitrust statement; compensation is set independently by each broker with the client

Question 3

Under the NAR Code of Ethics, ethics complaints by members are decided by:

The state real estate commission A Grievance Committee for initial review, followed by a Professional Standards hearing panel of REALTOR members NAR headquarters A federal administrative law judge

Correct Answer:

A Grievance Committee for initial review, followed by a Professional Standards hearing panel of REALTOR members

Question 4

The NAR Code of Ethics requires that ethics complaints be filed within how long of the time the alleged violation could have been known?

30 days 180 days from when the offense could have been known 2 years No deadline

Correct Answer:

180 days from when the offense could have been known

Question 5

Under NAR Code of Ethics Section 8.5, which conduct creates particular antitrust risk for associations and AEs?

Hosting CE classes Discussions among competing members about commission rates, market allocation, or boycotts of competitors Publishing a member directory Holding an installation banquet

Correct Answer:

Discussions among competing members about commission rates, market allocation, or boycotts of competitors

Exam overview

About this Exam

Prepare with the RCE Practice Questions - REALTOR Association Certified Executive (NAR) Exam practice quiz. This question bank includes 100 questions covering association, member, nar, board, and ethics. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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RCE Practice Questions - REALTOR Association Certified Executive (NAR) Exam

This practice set contains 100 questions from the matching question bank and focuses on association, member, nar, board, and ethics. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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RCE Practice Questions - REALTOR Association Certified Executive (NAR) Exam

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