Nc real estate law - Study guides, Class notes & Summaries
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NC Post Licensing 303 Test 3|Study Questions with Correct Answers
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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
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Superior Real Estate Highlighted Points in Class Exam Questions And Answers
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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-...
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Post Licensing 303 - NC Law, Rules, and Legal Concepts Questions with Complete and Verified Solutions
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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...
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NC Real Estate License Law EXAM WITH ANS 2022-24
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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...
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Superior Real Estate School: Study for Retake Pre-Licensing Course Exam and Final Exam Questions and Answers 100% Verified 2024
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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...
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B Superior Test NC License Law 02 Questions and Answers
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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...
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N.C. Real estate pre-licensing exam with correct answers 100%
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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...
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Superior NC License Law #1 Exam with correct Answers
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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 
...
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A Superior Test NC License Law 01 Questions and Answers
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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...
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NC Real Estate License Law (2022/2023) Already Passed
- Exam (elaborations) • 6 pages • 2023
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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...
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