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POST LICENSING 303 QUESTIONS AND ANSWERS $10.49   Add to cart

Exam (elaborations)

POST LICENSING 303 QUESTIONS AND ANSWERS

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  • Course
  • NC POST LICENSE 303
  • Institution
  • NC POST LICENSE 303

POST LICENSING 303 QUESTIONS AND ANSWERS

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  • November 12, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • NC POST LICENSE 303
  • NC POST LICENSE 303
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GEEKA
POST LICENSING 303 QUESTIONS AND ANSWERS

The purpose of zoning regulations - Answers- To control the use of the land

Full service office lease - Answers- Landlord pays for business service and
maintenance but the rent is higher

Absorption rate - Answers- How much space is used or sales in a given period of time

Floor plate, core area, usable and rentable area - Answers- Office property

Define due dilligence - Answers- Buyer or renter is evaluation of property for the
intended use- research, inspections, test, etc.

What is the free look period in commercial real estate? - Answers- Equal to due
dilligence, buyer or renters evaluation of the property during this time period, doing their
DD and having their right to cancel

In almost all lending fraud cases what are they trying to adjust and by doing what? -
Answers- Loan to value ratio by giving false information

What are restrictive/protective covenants? - Answers- Private landuse controls, can be
more restrictive than zoning

In real estate what does it mean "runs with the land"? - Answers- It affects other land
owners as they take ownership of the land.

What are some of the main duties of the Broker in charge? - Answers- 1. Supervise
P.B.s
2. Make sure all brokers in the firm do their CE and renew their license each year.
3. Approval of all ads
4. Handles trust accounts

What are some of the "real estate" duties a salaried assistant may do for a broker? -
Answers- 1. show rentals
2. write leases, but can never negotiate
3. prepare materials
4. collect and deposit money
5. keep records

What is "Retaliatory eviction"? - Answers- Evicting a tenant who has taken legal action
against the landlord (this is illegal)

What happens if a provisional broker does not full-fill their require 90 hrs in the time
required? - Answers- license goes inactive

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