NC Real Estate Exam Chapter 2 Questions and Answers 2 Exam (elaborations) NC Real Estate Exam Chapter 2 Questions and Answers 3 Exam (elaborations) NC Real Estate Exam Midterm Review Units 1-10 Questions with Correct Answers 4 Exam (elaborations) NC Real Estate Exam Midterm Review Units 1-10 Que...
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N.C. Real estate pre-licensing Exam Questions with Complete Answers Real property - Answer-Land & everything that is permanently attached to the land & everything that is appurtenant to the land. Personal property (personally) - Answer-All property that doesn't fit the definition of real proper...
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Add to cartN.C. Real estate pre-licensing Exam Questions with Complete Answers Real property - Answer-Land & everything that is permanently attached to the land & everything that is appurtenant to the land. Personal property (personally) - Answer-All property that doesn't fit the definition of real proper...
Chapter 7 NC Real Estate Exam Questions with Correct Answers completion or fulfillment of agency destruction or condemnation of property expiration of the terms of the agency mutual agreement of all parties to the contract breach by one of the parties who may be liable to damages operation o...
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Add to cartChapter 7 NC Real Estate Exam Questions with Correct Answers completion or fulfillment of agency destruction or condemnation of property expiration of the terms of the agency mutual agreement of all parties to the contract breach by one of the parties who may be liable to damages operation o...
NC Real Estate Chapter 2 Exam Questions and Answers Non-navigable water way - Answer-water way that can not be use for commercial business Navigable water way - Answer-Commercial business can use Foreshore - Answer-gap between high tide and low tide Accretion - Answer-increase in land re...
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Add to cartNC Real Estate Chapter 2 Exam Questions and Answers Non-navigable water way - Answer-water way that can not be use for commercial business Navigable water way - Answer-Commercial business can use Foreshore - Answer-gap between high tide and low tide Accretion - Answer-increase in land re...
NC real estate broker pre-licensing exam questions and answers Methods of terminating easements (3) - Answer-1. Merger 2. Release 3. Abandonment Express agreement (easement) - Answer-Easement is real property interest and therefore transferred by deed and typically recordsd Types of speci...
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Add to cartNC real estate broker pre-licensing exam questions and answers Methods of terminating easements (3) - Answer-1. Merger 2. Release 3. Abandonment Express agreement (easement) - Answer-Easement is real property interest and therefore transferred by deed and typically recordsd Types of speci...
NC Real Estate - Notes for Final Exam Questions and Answers Designated Agency - Answer-This is a form of Dual Agency. Exclusive Right to Sell Listing - Answer-Commission is paid no matter who sells the property; even if the owner sells it him/her self, the owner stills owes the commission. ...
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Add to cartNC Real Estate - Notes for Final Exam Questions and Answers Designated Agency - Answer-This is a form of Dual Agency. Exclusive Right to Sell Listing - Answer-Commission is paid no matter who sells the property; even if the owner sells it him/her self, the owner stills owes the commission. ...
NC Broker PSI State Portion Exam Questions with 100% Correct Answers Which of the following is the most accurate definition of a real estate broker? A. A person who buys and sells real estate for others, regardless of compensation B. A person who buys, sells and manages real estate for a BIC ...
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Add to cartNC Broker PSI State Portion Exam Questions with 100% Correct Answers Which of the following is the most accurate definition of a real estate broker? A. A person who buys and sells real estate for others, regardless of compensation B. A person who buys, sells and manages real estate for a BIC ...
NC Real Estate Exam Questions and Answers (Latest) What must broker Pete disclose in the written agency contract with seller Josh? - Answer-All compensation Josh will pay for brokerage services. Which business entity is NOT required to have a firm license issued by the North Carolina Real Es...
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Add to cartNC Real Estate Exam Questions and Answers (Latest) What must broker Pete disclose in the written agency contract with seller Josh? - Answer-All compensation Josh will pay for brokerage services. Which business entity is NOT required to have a firm license issued by the North Carolina Real Es...
NC Real Estate Exam Chapter 1 Questions with Complete Solutions Latest broker - Answer-acts as an agent who negotiates the sale, purchase, or rental of property on behalf of others for a fee or commission chattel - Answer-items of personal property (and are therefore movable) real property...
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Add to cartNC Real Estate Exam Chapter 1 Questions with Complete Solutions Latest broker - Answer-acts as an agent who negotiates the sale, purchase, or rental of property on behalf of others for a fee or commission chattel - Answer-items of personal property (and are therefore movable) real property...
NC Real Estate Chapter 11 Exam Questions and Answers What is a defeasance clause? - Answer-Used in mortgages and cancels a specified right upon the occurrence of a condition suche as cancellation of mortgage upon repayment. ( Deed of Trust) What is the difference in the promissory note and dee...
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Add to cartNC Real Estate Chapter 11 Exam Questions and Answers What is a defeasance clause? - Answer-Used in mortgages and cancels a specified right upon the occurrence of a condition suche as cancellation of mortgage upon repayment. ( Deed of Trust) What is the difference in the promissory note and dee...
NC Real Estate Chapter 8 Exam Questions and Answers The Parole Evidence Rule - Answer-Rule that dictates that no oral agreements that contradict the terms of a written contract may be considered in a lawsuit based on written agreement. Time is of the Essence - Answer-The contract must be perfo...
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Add to cartNC Real Estate Chapter 8 Exam Questions and Answers The Parole Evidence Rule - Answer-Rule that dictates that no oral agreements that contradict the terms of a written contract may be considered in a lawsuit based on written agreement. Time is of the Essence - Answer-The contract must be perfo...
NC Real Estate- Chapter 5 Exam Questions and Answers Special Warranty Deed - Answer-A conveyance that carries the warranty that the property was unencumbered by the grantor. Condemnation - Answer-The process by which the power of eminent domain is exercised Title Insurance - Answer-A contra...
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Add to cartNC Real Estate- Chapter 5 Exam Questions and Answers Special Warranty Deed - Answer-A conveyance that carries the warranty that the property was unencumbered by the grantor. Condemnation - Answer-The process by which the power of eminent domain is exercised Title Insurance - Answer-A contra...
NC Real Estate Chapter 3 Exam Questions and Answers Real Property Tax Lien - Answer-A judgement on unpaid property taxes. It becomes a specific, involuntary lien against the property. Valid for 10 years. HP Special Assessment Lien - Answer-A judgement against the property owner for improvement...
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Add to cartNC Real Estate Chapter 3 Exam Questions and Answers Real Property Tax Lien - Answer-A judgement on unpaid property taxes. It becomes a specific, involuntary lien against the property. Valid for 10 years. HP Special Assessment Lien - Answer-A judgement against the property owner for improvement...
Real Estate in NC Chapter #4 Exam Questions with Answers Plat map - Answer-A system that uses lot and block numbers referred to as a plat or subdivision - placed in Reg of Deeds. Principal meridians - Answer-Runs North and South. Township squares - Answer-6 miles squares, contains 36 sq m...
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Add to cartReal Estate in NC Chapter #4 Exam Questions with Answers Plat map - Answer-A system that uses lot and block numbers referred to as a plat or subdivision - placed in Reg of Deeds. Principal meridians - Answer-Runs North and South. Township squares - Answer-6 miles squares, contains 36 sq m...
Real Estate Exam - State Portion - NC - Study Cards Questions and Answers The purpose of the NCREC is to protect the public. - Answer-True The NCREC has no power to put a licensee in jail. Only courts have this power. - Answer-True The NC court system can prosecute you for violation of G.S....
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Add to cartReal Estate Exam - State Portion - NC - Study Cards Questions and Answers The purpose of the NCREC is to protect the public. - Answer-True The NCREC has no power to put a licensee in jail. Only courts have this power. - Answer-True The NC court system can prosecute you for violation of G.S....
North Carolina Real Estate Exam Prep Basic, Ownership Interests, Encumbrances, Property Description Exam with Correct Answers 3. Estate for the life of another (Pur Autre Vie) - can be inherited by life tenant's heirs until measuring life dies Qualified Fee - Answer-aka FEE SIMPLE DEFEASIBLE ...
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Add to cartNorth Carolina Real Estate Exam Prep Basic, Ownership Interests, Encumbrances, Property Description Exam with Correct Answers 3. Estate for the life of another (Pur Autre Vie) - can be inherited by life tenant's heirs until measuring life dies Qualified Fee - Answer-aka FEE SIMPLE DEFEASIBLE ...
North Carolina Real Estate Exam Prep Basic, Ownership Interests, Encumbrances, Property Description Exam with Correct Answers 3. Estate for the life of another (Pur Autre Vie) - can be inherited by life tenant's heirs until measuring life dies Qualified Fee - Answer-aka FEE SIMPLE DEFEASIBLE ...
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Add to cartNorth Carolina Real Estate Exam Prep Basic, Ownership Interests, Encumbrances, Property Description Exam with Correct Answers 3. Estate for the life of another (Pur Autre Vie) - can be inherited by life tenant's heirs until measuring life dies Qualified Fee - Answer-aka FEE SIMPLE DEFEASIBLE ...
North Carolina Real Estate (State Only Exam Review) Explanation Real property is taxed according to its assessed value, not sale price. The Machinery Act requires that properties be assessed at least once every 8 years (octennial appraisal). Tax rates can be changed every year and not set by the...
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Add to cartNorth Carolina Real Estate (State Only Exam Review) Explanation Real property is taxed according to its assessed value, not sale price. The Machinery Act requires that properties be assessed at least once every 8 years (octennial appraisal). Tax rates can be changed every year and not set by the...
NC State portion study Real Estate Exam Questions with Verified Answer (Definite Pass) 1) Broker must keep documents for 3 years from ... - Answer-1) Broker must keep documents for 3 years from ANYTHING Whatever was last to occur "A licensed real estate broker shall retain for three years co...
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Add to cartNC State portion study Real Estate Exam Questions with Verified Answer (Definite Pass) 1) Broker must keep documents for 3 years from ... - Answer-1) Broker must keep documents for 3 years from ANYTHING Whatever was last to occur "A licensed real estate broker shall retain for three years co...
NC State portion study Real Estate Exam Questions with Verified Answer (Definite Pass) 1) Broker must keep documents for 3 years from ... - Answer-1) Broker must keep documents for 3 years from ANYTHING Whatever was last to occur "A licensed real estate broker shall retain for three years co...
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Add to cartNC State portion study Real Estate Exam Questions with Verified Answer (Definite Pass) 1) Broker must keep documents for 3 years from ... - Answer-1) Broker must keep documents for 3 years from ANYTHING Whatever was last to occur "A licensed real estate broker shall retain for three years co...
NC Real Estate Unit 2 Exam Questions and Answers erosion - Answer-the process of eroding or being eroded by wind, water, or other natural agents. fee simple absolute - Answer-The maximum possible estate one can possess in real property; also referred to as fee simple or fee. Fee Simple Defe...
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Add to cartNC Real Estate Unit 2 Exam Questions and Answers erosion - Answer-the process of eroding or being eroded by wind, water, or other natural agents. fee simple absolute - Answer-The maximum possible estate one can possess in real property; also referred to as fee simple or fee. Fee Simple Defe...
NC Real Estate Unit 1 Exam Questions with Complete Answers herediatments - Answer-any interests in real estate capable of being inherited heterogeneity - Answer-state of being dissimilar, composition from unlike elements Highest and Best Use - Answer-The possible use of a property that woul...
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Add to cartNC Real Estate Unit 1 Exam Questions with Complete Answers herediatments - Answer-any interests in real estate capable of being inherited heterogeneity - Answer-state of being dissimilar, composition from unlike elements Highest and Best Use - Answer-The possible use of a property that woul...
NC Real Estate Terms Exam Questions with Correct Answers 2024 Requirements for Licensure (Full broker) - Answer-1) Complete 3 separate 30 hour Post-Licensing classes (90 total hours) in order to remove your provisional status. 2) Must have all the classes completed and pass the class exam. ...
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Add to cartNC Real Estate Terms Exam Questions with Correct Answers 2024 Requirements for Licensure (Full broker) - Answer-1) Complete 3 separate 30 hour Post-Licensing classes (90 total hours) in order to remove your provisional status. 2) Must have all the classes completed and pass the class exam. ...
NC Real Estate Pre-License Unit 1 Quiz Questions with 100% Correct Answers The demand for real estate is influenced by the? -Number of real estate brokers in the area -Ethnic make up of neighborhoods -Wage levels and employment opportunities in the area -Price of new homes being built in t...
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Add to cartNC Real Estate Pre-License Unit 1 Quiz Questions with 100% Correct Answers The demand for real estate is influenced by the? -Number of real estate brokers in the area -Ethnic make up of neighborhoods -Wage levels and employment opportunities in the area -Price of new homes being built in t...
NC Real Estate Practice Exam Questions and Answers (100% Pass) A cloud on title to a property may be cured by - Answer-obtaining quitclaim deeds from the party or parties with possible interests in the property. Which of the following is true regarding liens in NC? - Answer-A specific lien i...
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Add to cartNC Real Estate Practice Exam Questions and Answers (100% Pass) A cloud on title to a property may be cured by - Answer-obtaining quitclaim deeds from the party or parties with possible interests in the property. Which of the following is true regarding liens in NC? - Answer-A specific lien i...
NC Real Estate Practice Exam Questions and Answers (100% Pass) A cloud on title to a property may be cured by - Answer-obtaining quitclaim deeds from the party or parties with possible interests in the property. Which of the following is true regarding liens in NC? - Answer-A specific lien i...
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Add to cartNC Real Estate Practice Exam Questions and Answers (100% Pass) A cloud on title to a property may be cured by - Answer-obtaining quitclaim deeds from the party or parties with possible interests in the property. Which of the following is true regarding liens in NC? - Answer-A specific lien i...
NC Real Estate Midterm Review Exam Questions with Complete Solutions How to terminate an easement - Answer-purpose no longer exists, merger, release of right, abandonment, nonuse of prescriptive easement, adverse possession by servient, destruction of servient tenement, nonrecordation, lawsuit, e...
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Add to cartNC Real Estate Midterm Review Exam Questions with Complete Solutions How to terminate an easement - Answer-purpose no longer exists, merger, release of right, abandonment, nonuse of prescriptive easement, adverse possession by servient, destruction of servient tenement, nonrecordation, lawsuit, e...
NC Real Estate License Law & Real Estate Commission Rules Exam Questions with Correct Answers (100% Pass) Describe the NC Real Estate Commission membership/board - Answer-• 9 members. 7 are appointed by the Governor. 2 appointed by the General Assembly based on recommendations of the Senate and...
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Add to cartNC Real Estate License Law & Real Estate Commission Rules Exam Questions with Correct Answers (100% Pass) Describe the NC Real Estate Commission membership/board - Answer-• 9 members. 7 are appointed by the Governor. 2 appointed by the General Assembly based on recommendations of the Senate and...
NC Real Estate Exam Study Guide Questions and Answers Applies to anyone who was issued a license on or after April 1 2006 BIC - Answer-Supervises provisional brokers at a certain office. Every office must have one Separate license category BIC qualifications - Answer-Active license 2 year...
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Add to cartNC Real Estate Exam Study Guide Questions and Answers Applies to anyone who was issued a license on or after April 1 2006 BIC - Answer-Supervises provisional brokers at a certain office. Every office must have one Separate license category BIC qualifications - Answer-Active license 2 year...
NC Real Estate Exam- State Portion Questions and Answers Provisional Broker - Answer-"Entry level" status category- a person who has met all license qualification requirements -Issued in INACTIVE status and MUST be activated by BIC, may NOT operate independently -Must be supervised by BIC...
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Add to cartNC Real Estate Exam- State Portion Questions and Answers Provisional Broker - Answer-"Entry level" status category- a person who has met all license qualification requirements -Issued in INACTIVE status and MUST be activated by BIC, may NOT operate independently -Must be supervised by BIC...
NC Real Estate Exam State Portion Questions and Answers Which of the following is INCORRECT about the post licensing requirement of a provisional broker? A: the due date of the post licensing education is the anniversary date of licensure B: post licensing consists of three 30 hour courses whic...
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Add to cartNC Real Estate Exam State Portion Questions and Answers Which of the following is INCORRECT about the post licensing requirement of a provisional broker? A: the due date of the post licensing education is the anniversary date of licensure B: post licensing consists of three 30 hour courses whic...
NC Real Estate Exam Review- Study Guide Questions and Answers Synthetic Stucco - Answer-exterior finish product also known as exterior insulating and finishing system water is not absorbed or released becomes trapped in the walls must disclose, even if removed Lead-Based Paint Disclos...
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Add to cartNC Real Estate Exam Review- Study Guide Questions and Answers Synthetic Stucco - Answer-exterior finish product also known as exterior insulating and finishing system water is not absorbed or released becomes trapped in the walls must disclose, even if removed Lead-Based Paint Disclos...
NC Real Estate Exam Questions and Answers Which type of lien provides security to persons that work on real property owned by others? A. Mortgage lien B. Mechanic's lien C. Real estate tax lien D. State income tax lien - Answer-B) Mechanic's lien This type of lien is typically used to...
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Add to cartNC Real Estate Exam Questions and Answers Which type of lien provides security to persons that work on real property owned by others? A. Mortgage lien B. Mechanic's lien C. Real estate tax lien D. State income tax lien - Answer-B) Mechanic's lien This type of lien is typically used to...
NC Real Estate Exam Questions with Verified Answers (Latest) CONTRACT - Answer-a binding agreement between two or more competent persons that is enforceable by law TYPES OF CONTRACTS BROKERS MAY USE: - Answer-1. Listing Contracts 2. Buyer Agency Contracts 3. Sales Contracts 4. Option Contra...
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Add to cartNC Real Estate Exam Questions with Verified Answers (Latest) CONTRACT - Answer-a binding agreement between two or more competent persons that is enforceable by law TYPES OF CONTRACTS BROKERS MAY USE: - Answer-1. Listing Contracts 2. Buyer Agency Contracts 3. Sales Contracts 4. Option Contra...
NC Real Estate Exam Questions with Complete Solutions Rated A+ Subdivision - Answer-All divisions of a tract or parcel of land into two or more lots, building sites, or other divisions for the purpose of sale or building development Property Report - Answer-A report furnished to prospective bu...
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Add to cartNC Real Estate Exam Questions with Complete Solutions Rated A+ Subdivision - Answer-All divisions of a tract or parcel of land into two or more lots, building sites, or other divisions for the purpose of sale or building development Property Report - Answer-A report furnished to prospective bu...
NC Real Estate Exam Questions with Complete Solutions Latest Update Subdivision street disclosure law - Answer-The developer must have the streets approved, and must declare if the streets are public or private use. (NC Law) If a street has been dedicated for public use and approved by the NC ...
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Add to cartNC Real Estate Exam Questions with Complete Solutions Latest Update Subdivision street disclosure law - Answer-The developer must have the streets approved, and must declare if the streets are public or private use. (NC Law) If a street has been dedicated for public use and approved by the NC ...
NC Real Estate Exam Questions with 100% Correct Answers (A+ Rated) Salesperson Matt is contacted by an unrepresented buyer who wants to make an offer on a property Matt has listed. What does Matt need to do if he wants to act as the agent for this buyer? - Answer-He must obtain written informed c...
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Add to cartNC Real Estate Exam Questions with 100% Correct Answers (A+ Rated) Salesperson Matt is contacted by an unrepresented buyer who wants to make an offer on a property Matt has listed. What does Matt need to do if he wants to act as the agent for this buyer? - Answer-He must obtain written informed c...
NC Real Estate Exam Midterm Review Units 1-10 Questions with Correct Answers All of the following items would normally remain with a property and transfer to the new owner, EXCEPT: A. Gas logs attached to pipes in a fireplace B. Awnings that been installed above the windows C. A $4,000 gazebo ...
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Add to cartNC Real Estate Exam Midterm Review Units 1-10 Questions with Correct Answers All of the following items would normally remain with a property and transfer to the new owner, EXCEPT: A. Gas logs attached to pipes in a fireplace B. Awnings that been installed above the windows C. A $4,000 gazebo ...
NC Real Estate Exam Midterm Review Units 1-10 Questions with Correct Answers All of the following items would normally remain with a property and transfer to the new owner, EXCEPT: A. Gas logs attached to pipes in a fireplace B. Awnings that been installed above the windows C. A $4,000 gazebo ...
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Add to cartNC Real Estate Exam Midterm Review Units 1-10 Questions with Correct Answers All of the following items would normally remain with a property and transfer to the new owner, EXCEPT: A. Gas logs attached to pipes in a fireplace B. Awnings that been installed above the windows C. A $4,000 gazebo ...
NC Real Estate Exam Chapter 2 Questions and Answers subsurface rights - Answer-rights to use the space below ground level and to extract the natural resources lying below the earth's surface air rights - Answer-rights to use the air above the land riparian rights - Answer-granted to owners...
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Add to cartNC Real Estate Exam Chapter 2 Questions and Answers subsurface rights - Answer-rights to use the space below ground level and to extract the natural resources lying below the earth's surface air rights - Answer-rights to use the air above the land riparian rights - Answer-granted to owners...
NC Real Estate Exam Chapter 2 Questions and Answers subsurface rights - Answer-rights to use the space below ground level and to extract the natural resources lying below the earth's surface air rights - Answer-rights to use the air above the land riparian rights - Answer-granted to owners...
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Add to cartNC Real Estate Exam Chapter 2 Questions and Answers subsurface rights - Answer-rights to use the space below ground level and to extract the natural resources lying below the earth's surface air rights - Answer-rights to use the air above the land riparian rights - Answer-granted to owners...
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