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NCCP Exam-Real Estate Law with verified solutions 2024.
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NCCP Exam-Real Estate Law with verified solutions 2024.
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NCCP Exam-Real Estate Lawwith verified solutions 2024
NCGS § 10B Notaries - answer
NCGS § 31A Acts Barring Property Rights - answer
Rights of spouse (absolute divorce or divorce from
bed and board, spouse who voluntarily separates
and lives in adultery, spouse who abandons with no
cause, etc.)
NCGS § 31B Renunciation of Property and
Renunciation of Fiduciary Powers Act - answer A
person who succeeds to a property interest as:
(1) Heir;
(2) Next of kin;
(3) Devisee;
(4) Repealed by Session Laws 2011-284, s. 35,
effective June 24, 2011.
(4a) Donee;
(5) Beneficiary of a life insurance policy who did
not possess the incidents of ownership under the
policy at the time of death of the insured;
(6) Person succeeding to a renounced interest;
,(7) Beneficiary under a testamentary trust or under
an inter vivos trust;
(8) Appointee under a power of appointment
exercised by a testamentary instrument or a
nontestamentary instrument;
(9) Repealed by Session Laws 1989, c. 684, s. 2.
(9a) Surviving joint tenant, surviving tenant by the
entireties, or surviving tenant of a tenancy with a
right of survivorship;
(9b) Person entitled to share in a testator's estate
under the provisions of G.S. 31-5.5;
(9c) Beneficiary under any other testamentary or
nontestamentary instrument, including a
beneficiary under:
a. Any qualified or nonqualified deferred
compensation, employee benefit, retirement or
death benefit, plan, fund, annuity, contract, policy,
program or instrument, either funded or unfunded,
which is established or maintained to provide
retirement income or death benefits or results in,
or is intended to result in, deferral of income;
b. An individual retirement account or individual
retirement annuity; or
c. Any annuity, payable on death account, or other
right to death benefits arising under contract;
NCGS § 31C Uniform Disposition of Community
Property Rights at Death Act - answer Upon death
,of a married person, one half of the property to
which this Chapter applies is the property of the
surviving spouse and is not subject to
testamentary disposition by the decedent or
distribution under the laws of succession of this
State. One half of that property is the property of
the decedent and is subject to testamentary
disposition or distribution under the laws of
succession of this State. With respect to property
to which this Chapter applies, the one half of the
property of the decedent is not subject to the
surviving spouse's right to petition for an elective
share under the provisions of Article 1A of Chapter
30, and is not subject to the right to elect a life
estate
NCGS § 38 Boundaries - answer
NCGS § 38A Landowner Liability - answer § 38A-1.
Purpose.
The purpose of this Chapter is to encourage
owners of land to make land and water areas
available to the public at no cost for educational
and recreational purposes by limiting the liability
of the owner to persons entering the land for those
purposes.
NCGS §38B Trespasser Responsibility - answer A
possessor of land, including an owner, lessee, or
, other occupant, does not owe a duty of care to a
trespasser and is not subject to liability for any
injury to a trespasser.
Exceptions: Intentional harms and harms to
children trespassing caused by artificial condition
NCGS § 39 Conveyances - answer § 39-7.
Instruments affecting married person's title;
joinder of spouse; exceptions.
(a) In order to waive the elective life estate of
either husband or wife as provided for in G.S. 29-
30, every conveyance or other instrument affecting
the estate, right or title of any married person in
lands, tenements or hereditaments must be
executed by such husband or wife, and due proof
or acknowledgment thereof must be made and
certified as provided by law.
(b) A married person may bargain, sell, lease,
mortgage, transfer and convey any of his or her
separate real estate without joinder or other
waiver by his or her spouse if such spouse is
incompetent and a guardian or trustee has been
appointed as provided by the laws of North
Carolina, and if the appropriate instrument is
executed by the married person and the guardian
or trustee of the incompetent spouse and is
probated and registered in accordance with law, it
shall convey all the estate and interest as therein
intended of the married person in the land
conveyed, free and exempt from the elective life
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