Superior School of Real Estate Bundled Exams Questions and Answers | 100% Verified and Updated 2024 | Revised Edition

Superior Real Estate Chapter 7 Exam 2024 Questions and Answers (Graded A) Agency -Answer-A relationship that exists in which one person is empowered to act on behalf of another; SIMPLY STATED: ACTING ON BEHALF OF ANOTHER Common Law of Agency -Answer-NCREC requires all agency agreements to be IN...

Superior School of Real Estate - Chapter 2 Exam Questions and Answers What are the Bundle of Rights? -Answer-Timber Rights, Right to Build Homes, Mineral Rights, Access Rights, and Rights to Sell The Bundle of Rights acronym DEEPC -Answer-Disposition, Enjoyment, Exclusion, Possession, and Contr...

Review quiz chapters 1-6 superior quiz online with complete solutions Which type of estate cannot pass by inheritance? - fee simple estate - fee simple condition subsequent estate - conventional life estate - pur autre vie life estate -Answer-conventional life estate Which of the following li...

Superior Real Estate School 1-10 Review Terms Exam 2024 18 months to complete -Answer-3 30 hour post licensing courses Failure to pay renewal fee by ____ will result in a _____ status failure to complete CE by_____ means your license will____ on ____ -Answer--pAy = Expire June 10th cutoff for c...

Superior Real Estate School Exam with correct Answers All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity -Answer-D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contr...

Superior Real Estate Highlighted Points in Class Exam Questions And Answers Alienation means what referring to a title -Answer-Transfer or means -Answer-Gives ee means -Answer-Receives SC ______ theory state -Answer-Lien Mortgagor. ....... Buyer Mortgagee.........Bank Petition the court to f...

Superior 303 NC Law and Rules Exam Questions and Answers sole proprietor -Answer-Full broker not affiliated with another firm Can not Advertise Can not hire other licensees Can not hold a trust account Would have to become a BIC in order to 'do it all' How long is BIC eligible status valid ...

Real estate superior school Exam Questions and Answers if you get compensation you need ______ -Answer-a license Forms of compensation -Answer-- gift card - money - free rent -ipad -concert tickets -etc. What are activies that require you to have a license -Answer-(LLBEANS) List Lease Buy...

Real Estate in NC Chapter #4 Exam Questions and Answers Metes and bounds -Answer-A method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land. Starts with POB. POB -Answer-Point of begining. Rectangu...

NC Superior Real Estate School - Chapter 15-16 Exam Questions and Answers Chapter 15 Vocabulary: Real Estate (Property) Management - Note: This is Chapter 16 in the Adventure Guide -Answer-Chapter 15 Vocabulary: Real Estate Management - Note: This is Chapter 16 in the Adventure Guide Management...

NC Superior Real Estate School - Chapter 2 Exam Questions and Answers Chapter 2 Vocabulary: Property Ownership & Interests -Answer-Chapter 2 Vocabulary: Property Ownership & Interests Air rights -Answer-The right to use the open space above a property, usually allowing the surface to be used fo...

NC Real Estate Principles and Practices Chapter 1 - Superior School Exam Another name for Real Estate -Answer-Real Property or Realty Another name for Real Property -Answer-Realty or Real Estate Real Property -Answer-includes the land at above and below the earth's surface, including all thing...

NC Superior Real Estate School - Chapter 5 Exam Chapter 5 Vocabulary: Land Use Controls -Answer-Chapter 5 Vocabulary: Land Use Controls Amendment -Answer-A change or modification of a zoning ordinance by the local legislative authority Building Codes -Answer-Public controls regulating conduction...

NC Superior Real Estate School - Chapter 14/15 Questions and Answers Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide -Answer-Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide ...

NC Superior Real Estate School - Chapter 1 Exam Questions and Answers Chapter 1 Vocabulary: Basic Real Estate Concepts -Answer-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale -Answer-Investment used to transfer the ownership of personal property to real property Chattel -Answer-A...

NC Superior Real Estate School - Chapter 7 Exam with correct Answers Chapter 7 Vocabulary: Brokerage Relationships - Laws & Practices -Answer-Chapter 7 Vocabulary: Brokerage Relationships - Laws & Practices Agent -Answer-A person authorized by another to act on his or her behalf Subagents of a ...

NORTH CAROLINA 75-HOUR BROKER PRE-LICENSING COURSE EXAM Deliver a termination notice to the seller -Answer-Under the terms of the North Carolina Offer to Purchase and Contract, Standard Form 2-T, if the buyer fails to _______ before the due diligence period expires, this indicates that the buyer...

NC Superior Real Estate School - Chapter 1 Exam Chapter 1 Vocabulary: Basic Real Estate Concepts -Answer-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale -Answer-Investment used to transfer the ownership of personal property to real property Chattel -Answer-Another name for persona...

Chapter 7 - Pre-licensing Class- Superior Real Estate School Exam 2024 The real estate broker's fiduciary responsibility to keep the principal informed of all facts, including property condition and issues that affect a seller's willingness to sell and a buyer's willingness to buy, is the dut...

Chapter 8 superior quiz with complete solutions A valid listing agreement may be terminated for any of the following reasons, EXCEPT: - sale of the property - expiration of the individual listing agent's license - agreement of the parties - destruction of the premises -Answer-expiration of the...

NC Real Estate Exam- Chapter 14 Real Estate Financing Principles Federal Reserve System -Answer-Their role is to maintain sound credit conditions, help counteract inflationary and deflationary trends, and create a favorable economic climate. Primary Mortgage Market -Answer-the lenders that origi...

NC License Law Superior Quizzes 100% solved What is the first point at which a provisional broker may begin practicing real estate in North Carolina? -Answer-when the NCREC receives notification of the provisional broker's activation with a BIC An unlicensed assistant may do all of the followin...

B Superior Test NC License Law 02 Questions and Answers The broker in charge of a real estate office is responsible for all of the following, EXCEPT: A:Appointing a BIC at every location where the firm operates B:Maintaining all records for at least 3 years C:Maintaining the trust account D:Ac...

NC Real Estate Exam Prep Superior School Ch.2 Questions and Answers The concept by which land would increase automatically along a river or stream is known as: A accretion B littoral rights C avulsion D reliction -Answer-A Accretion is the gradual buildup of land along a river a stream. It in...

Critical HOT Topics for Real Estate Licensing Exam- Superior School of Real Estate What is required to receive compensation? -Answer-A License Auctioneers need -Answer-both real estate license and auctioneer license Exemptions from Licensure -Answer-salaried employees, property managers, trustee...

Chapter 1 Superior Test 100% solved The fact that real estate licensees must be licensed in the state where the real estate is located and not where the client is located occurs: A. because individual state regulatory agencies create rules that govern their licensees B. because they are subject ...

A Superior Test NC License Law 01 Questions and Answers What is the first point at which a provisional broker may begin practicing real estate in North Carolina? A:When the NCREC received notification of the provisional brokers activation with a BIC B:Upon successful completion of all coursewor...