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

NC POST-LICENSING 302 – UNIT TEST QUESTIONS AND ANSWERS...

NC Superior Real Estate School Post Test Exam With Verified Updated Answers 2024.

NC Real Estate Chapter 2 Exam Questions and Answers Non-navigable water way - Answer-water way that can not be use for commercial business Navigable water way - Answer-Commercial business can use Foreshore - Answer-gap between high tide and low tide Accretion - Answer-increase in land resulting from the deposit of soil by the water. Erosion - Answer-the gradual wearing away of land caused by flowing water or other natural forces. avulsion - Answer-when a sudden act of nature su...

Pre licensing Final Exam QuestionRiparian rights - ANSWER Property owner owns land that borders a navigational river. Fixture - ANSWER Once personal property, but now affixed to land or property permanently. IRMA test. Ex. Blinds, fan, cabinets, heating plants, plumbing, light fixtures. Trade fixture - ANSWER Owned by a tenant and attached to real property to do business. Tenant takes with them when leaves. Tenancy in common - ANSWER A parcel of real estate may be owned by two or more p...

North Carolina Real Estate Exam Prep Basic, Ownership Interests, Encumbrances, Property Description Exam with Correct Answers 3. Estate for the life of another (Pur Autre Vie) - can be inherited by life tenant's heirs until measuring life dies Qualified Fee - Answer-aka FEE SIMPLE DEFEASIBLE This term was on practice test and didn't recognize! (you have to qualify to keep title) Estates NOT of Inheritance - 2 categories - Answer-1. Covnentional Life Estate (Life Tenant's ownershi...

North Carolina Real Estate Exam Prep Basic, Ownership Interests, Encumbrances, Property Description Exam with Correct Answers 3. Estate for the life of another (Pur Autre Vie) - can be inherited by life tenant's heirs until measuring life dies Qualified Fee - Answer-aka FEE SIMPLE DEFEASIBLE This term was on practice test and didn't recognize! (you have to qualify to keep title) Estates NOT of Inheritance - 2 categories - Answer-1. Covnentional Life Estate (Life Tenant's ownershi...

The purpose of zoning regulations - ANSWERSTo control the use of the land Full service office lease - ANSWERSLandlord pays for business service and maintenance but the rent is higher Absorption rate - ANSWERSHow much space is used or sales in a given period of time Floor plate, core area, usable and rentable area - ANSWERSOffice property Define due dilligence - ANSWERSBuyer or renter is evaluation of property for the intended use- research, inspections, test, etc. What is the free...

NC Real Estate Exam - State Portion Test Questions With Correct Answers North Carolina Vacation Rental Act - ANSWERS modeled after the Residential Agreements Act, it establishes uniform rules for landlords, tenants, and their agents involved in the handling of short-term rentals under 90 days in length where tenant has primary residence elsewhere. broker-in-charge - ANSWERS the full broker responsible for notifying the NC Real Estate Commission of changes, maint...

N.C. Real estate pre-licensing Test Questions And Answers A+ Graded