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

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

NC Real Estate Practice Exam Questions and Answers (100% Pass) A cloud on title to a property may be cured by - Answer-obtaining quitclaim deeds from the party or parties with possible interests in the property. Which of the following is true regarding liens in NC? - Answer-A specific lien is a lien against a particular parcel of real estate, while a general lien may apply to all of the debtors property. Someone seeking to be excused from the dictates of a zoning ordinance because of ...

NC Real Estate Exam Questions with 100% Correct Answers | Latest Update 2024 | Verified

NC Real Estate Exam Study Guide Questions and Answers Applies to anyone who was issued a license on or after April 1 2006 BIC - Answer-Supervises provisional brokers at a certain office. Every office must have one Separate license category BIC qualifications - Answer-Active license 2 years full-time or 5 years part-time equivalent Complete 12 hr BIC course within 120 days of designation Limited non-resident commercial broker - Answer-Must be affiliated with an NC firm and supervis...

NC Real Estate Exam Prep Superior School Ch.2

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...

NC Real Estate Practice Exam Questions and Answers (100% Pass) A cloud on title to a property may be cured by - Answer-obtaining quitclaim deeds from the party or parties with possible interests in the property. Which of the following is true regarding liens in NC? - Answer-A specific lien is a lien against a particular parcel of real estate, while a general lien may apply to all of the debtors property. Someone seeking to be excused from the dictates of a zoning ordinance because of ...

NC Real Estate Exam Study Guide With 100% Correct Answers |Verified

NC Real Estate Exam Prep Superior School Ch.2 Questions and Answers The concept by which land would increase automatically along a river or stream is known as: A accretion B littoral rights C avulsion D reliction -Answer-A Accretion is the gradual buildup of land along a river a stream. It increases automatically because the land owner does not have to do anything to gain the increase. It is the opposite of erosion. Which of the following is generally considered real property? A emblem...

NC Real Estate Exam Study Guide with 1005 Correct Answers |Graded A+| 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 *Ans* 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 a...