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

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...

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 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 conside...

NC Real Estate Exam State Portion Questions and Answers Which of the following is INCORRECT about the post licensing requirement of a provisional broker? A: the due date of the post licensing education is the anniversary date of licensure B: post licensing consists of three 30 hour courses which may be taken in any order and must be completed within 3 years of the date of licensure C: post licensing courses end on June 10th and must be completed for the provisional broker to renew their li...

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-...

NC License Law Superior Quizzes with Verified Solutions 2024 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 -Time...

- sion means - Loses -tion means - Gain Allodial System involves 4 governmental rights which are? - Eminent Domain, Police Power, Taxation, and Escheat Anytime the interest goes back to the GRANTOR, it is... - reversion Are easements temporary or permanent? - Permanent Are licenses temporary or permanent? - Temporary Ask Aunt IRMA acronym - Total Circumstances Test - Intent, Relationship, Method and Adaptation Avulsion is... - sudden and decreases Categories of Estates - Freehold Estat...

Method of describing land which is NOT used in North Carolina? - Answer-Government rectangular survey In NC, the last day that real estate taxes for the current year may be paid without penalty is? - Answer-By January 5th of the next year A description of property that reads "Beginning at the large oak tree on the Northern line of State Road 18, approximately one mile west to the intersection state road and the Great Southern Railroad right-of-way ,north approximately 15' along the drain...

NC Real Estate Law questions and answers rated A+ 2024/2025

Superior School of Real Estate (NC Real Estate Prelicensing) Exam Questions and Answers Bundle of Rights -Answer-Right to possession of the property: the right of quiet enjoyment of the property; the right to exclude others; the right to dispose of the property by gift, by sale, or by will; and the right to control the use of the property and profits within the limits of the law Tenements -Answer-All corporeal and incorporeal rights in land Corpreal Rights -Answer-Tangible things Incorpre...