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Real Estate U Final Exam 2 (2024 / 2025) Questions and Verified Answers, 100% Guarantee Pass Which of the following are tax-deductible expenses resulting from home ownership? - Ans>>>Mortgage interest and property taxes Which of the following $10.49
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Real Estate U Final Exam 2 (2024 / 2025) Questions and Verified Answers, 100% Guarantee Pass Which of the following are tax-deductible expenses resulting from home ownership? - Ans>>>Mortgage interest and property taxes Which of the following
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Real Estate U F2024 / 2025) Qestion
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Real Estate U F2024 / 2025) Qestion
Real Estate U Final Exam 2 (2024 / 2025) Questions and Verified Answers, 100% Guarantee Pass
Which of the following are tax-deductible expenses resulting from home ownership? - Ans>>>Mortgage interest and property taxes
Which of the following is true regarding the $500,000 exemption...
Real Estate U Final Exam 2
() Questions and
Verified Answers, 100%
Guarantee Pass
Which of the following are tax-deductible expenses resulting from
home ownership? - Ans>>>Mortgage interest and property taxes
Which of the following is true regarding the $500,000 exemption, in the
sale of a personal residence, for a married couple filing jointly? -
Ans>>>A married couple can use the $500,000 joint exemption if only
one meets the ownership requirement,
but BOTH meet the occupancy requirement
A homeowner in NC had constructed a three-bedroom house with two
full baths in a rural area that necessitated the installation of an on-site
septic system. It was properly permitted at that time. A few years later
the homeowner constructed a fourth bedroom, but no extra bathroom,
in the basement area. He did not obtain any permits at that time as he
was constructing the addition by himself. He now wants to list the
property for sale with a broker. What would be the maximum intended
occupancy for this house according to NC guidelines? - Ans>>>6
Chris is a real estate broker in NC. He lists a parcel of undeveloped land,
which is zoned for single-family residential use. Chris knows that this
, property is about to be rezoned for multi-family residential use, which
will greatly increase the value of the property. Rather than informing
the seller of this fact, Chris offers to buy the property at the listed price,
telling the seller that he wants to acquire the property as a long-term
investment. The deal closes. Several months later, after the rezoning
had been accomplished, Chris sold the property for a $80,000 profit.
The seller soon finds out about the profit Chris has made. What can the
seller do in this case? - Ans>>>Notify the NCREC to impose disciplinary
action
Which of the following is an example of a blind ad? - Ans>>>Just listed!
Home for sale. $250,000. Call Mary at (919)555-5555 for more
information.
A settlement meeting is usually conducted by a closing attorney. Who
typically recommends the closing attorney? - Ans>>>The buyer or the
buyer's lender
A firm license is NOT required for which of the following? - Ans>>>a
sole proprietorship
James is a broker in NC and is also licensed as an attorney. He is buying
a house and wants to rewrite part of the sales contract. Is James
permitted to do so? - Ans>>>Yes. Since James is also an attorney and
the buyer, he is permitted to rewrite parts of the contract.
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