Nc real estate law - Study guides, Class notes & Summaries

In NC, active RE license is required when: - ANSWER When assisting another broker for compensation in the providing of brokerage services. When can an unlicensed person engage in real estate activity? - ANSWER - Their own property - Attorney in fact - Attorney at law - Court-ordered sales - Trustees in foreclosure - Housing authorities

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 foreclose NC _________ theory state -Answer-Title Deed of trust is the mortgage Trustee...... law firm Trustor.......Buyer Beneficiary. ..... Bank Foreclosure go through probate NC OTPC -Answer-...

Post Licensing 303 - NC Law, Rules, and Legal Concepts Questions with Complete and Verified Solutions A real estate investor is considering purchasing a residential property in a neighborhood that has seen significant growth in recent years. The property is listed at a price that is higher than comparable properties in the area. The property requires some minor repairs, and the investor is unsure if the price justifies the potential return on investment. Deal or No Deal: Deal T...

Makeup of Commission Consists of nine members - 7 appointed by governor; one by Speaker of the House; one by President Pro-Tem of the Senate; 3 must be brokers in the real estate business; 2 cannot be involved directly or indirectly in the real estate business; serve 3 year staggered terms 6 powers granted to the North Carolina Real Estate Commission licensing real estate brokers in NC. approving schools that conduct real estate courses. approving instructors that teach real estate courses. con...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam and Final Exam Questions and Answers 100% Verified 2024 Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II Answer- A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only...

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:Active and direct supervision of all provisional brokers -Answer-A: appointing a back at every location where the firm operates Jack, a licensee wants to make an offer to the seller on a property whic...

N.C. Real estate pre-licensing exam with correct answers 100% Real property -Answer-Land & everything that is permanetly attached to the land & everything that is appurtenant to the land Personal property (personalty) -Answer-All propery that doesn't fit the definition of real property. CHATTLES are moveable Land -Answer-The earth's surface extending downwards to the center of the earth & upward to infinity Real estate (realty) -Answer-Land at, above, or below the earth's surface, inc...

Superior NC License Law #1 Exam with correct Answers 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 following activities except -Answer-exhibit homes that are for sale and show the buyer around the home With regard to timeshares, all of the following are true, EXCEPT: -Answer-Timeshares are not ...

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 coursework and required examinations C:Upon completion of all educational requirements D:Upon formal notification from the NCREC that the candidate has the successfully passed the real estate examination an...

NC Real Estate License Law (2022/2023) Already Passed Makeup of Commission Consists of nine members - 7 appointed by governor; one by Speaker of the House; one by President Pro-Tem of the Senate; 3 must be brokers in the real estate business; 2 cannot be involved directly or indirectly in the real estate business; serve 3 year staggered terms 6 powers granted to the North Carolina Real Estate Commission licensing real estate brokers in NC. approving schools that conduct real estate course...