Real Estate

Real Estate Verified Study Questions And Answers With Complete Solutions 2023/2024 Real Estate Verified Study Questions And Answers With Complete Solutions 2023/2024

1. The real estate market is local in nature what does that mean? - CORRECT ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Followi...

There are a total of 9 members on the NC Real Estate Commission True All 9 members serve a 3 year term True All commissioners except 2 must have some active relationship to the real estate business.. Two members can have no active relationship to real estate True The NCREC is a government dept but is self-funded by fees paid for renewals, application fees, & other fee paid by licensees True

SA Node Rate 60-100 BPM AV Node Rate 40-60 BPM Bundle of His/Perkinjie Rate >40 BPM Flow of blood through the heart from the body

Which of the following statements is true regarding Ad Valorem taxation in North Carolina? 1. Real property is taxed according to its most recent sale price. 2. The Machinery Act requires reassessment tax purposes every 4 years. 3. Real property taxes and special assessments constitute an involuntary lien against property on January 1st of the next year. 4. Tax rates are effective until the next revaluation year. 3. Real property taxes and special assessments constitute an involuntary l...

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 ...

Activities Requiring a License Persons AND business entities, who for CONSIDERATION or the promise thereof perform BROKERAGE ACTIVITIES as an agent FOR OTHERS are considered to be performing brokerage activities and must have a license. Referrals for compensation Requires an active license Selling time shares Requires an active license

When did it become mandatory to have a license to do real estate? July 1, 1957 Who issues licenses? NC real estate commission Do you have to be licensed to get paid for referrals? Yes, you must have an active license

Which statute governs the ad valorem taxation of property? A. Machinery Act B. General Statute C. The Ad Valorem Act D. Real Estate Taxation Act A. Machinery Act This act provides a framework for listing, appraising, and assessing real and personal property Which type of valuation technique applies a standard percentage increase or decrease to all property in a specified location? A. Valuation B. County appraisal C. Mass appraisal D. There is no such appraisal C. Mass Appraisal

broker acts as an agent who negotiates the sale, purchase, or rental of property on behalf of others for a fee or commission chattel items of personal property (and are therefore movable) real property the land, everything that is permanenty attached to the land, and everything that is appurtenant to (or goes with) that land