Nc real estate exam Study guides, Class notes & Summaries
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NC Real Estate Exam Questions with Complete Solutions Rated A+
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NC Real Estate Exam Questions with Complete Solutions Rated A+ 
 
Subdivision - Answer-All divisions of a tract or parcel of land into two or more lots, building sites, or other divisions for the purpose of sale or building development 
 
Property Report - Answer-A report furnished to prospective buyers containing essential information about a development containing 25 or more lots. 
 
Protective Covenant - Answer-Enforceable conditions that restrict the manner in which an owner may use his prop...
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Superior 303 NC Law and Rules Exam Questions and Answers
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Superior 303 NC Law and Rules Exam 
Questions and Answers 
sole proprietor -Answer-Full broker not affiliated with another firm 
Can not Advertise 
Can not hire other licensees 
Can not hold a trust account 
Would have to become a BIC in order to 'do it all' 
How long is BIC eligible status valid for? -Answer-12 months 
must take BIC update instead of general update each year 
that will renew eligibility to continue being BIC eligible 
Who is responsible for the advertising? -Answer-BIC 
Who i...
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NC Real Estate Exam Questions Solution
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Solution
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NC Real Estate Exam- Chapter 14 Real Estate Financing Principles
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NC Real Estate Exam- Chapter 14 Real Estate Financing Principles
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NC Real Estate Exam Questions with Verified Answers (Latest)
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NC Real Estate Exam Questions with Verified Answers (Latest) 
 
CONTRACT - Answer-a binding agreement between two or more competent persons that is enforceable by law 
 
TYPES OF CONTRACTS BROKERS MAY USE: - Answer-1. Listing Contracts 
2. Buyer Agency Contracts 
3. Sales Contracts 
4. Option Contracts 
5. Land Installment Contracts 
6. Leases 
 
A CONTRACT MUST BE: - Answer-1. Be voluntary 
2. An agreement or promise 
3. Made by legally competent parties 
4. Supported by legal consideration 
5....
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NC Real Estate Exam Study Guide Questions with Certified Answers
- Exam (elaborations) • 110 pages • 2023
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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 
Brokerage activities requiring a license 1. Listing/offering to list real estate for sale/rent 
2. Selling/buying or offering to sell/buy 
3. Leasing/renting or offering to lease/rent 
4. Conducting/offering to conduct a real estate auction 
5. Selling/buying/leasing/assigning/ex...
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NC Real Estate Exam Bundle with Complete Solutions
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Exam (elaborations)
NC Real Estate Pre-License Unit 1 Quiz Questions with Verified Answers


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NC Real Estate Practice Exam Questions with Correct Answers


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NC Real Estate Midterm Review Exam Questions with Complete Solutions 2024


Exam (elaborations)
NC Real Estate License Law & Real Estate Commission Rules
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NC Real Estate Exam Questions and Answers
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NC Real Estate Exam Questions and Answers 
 
Which type of lien provides security to persons that work on real property owned by others? 
 
A. Mortgage lien 
B. Mechanic's lien 
C. Real estate tax lien 
D. State income tax lien - Answer-B) Mechanic's lien 
 
This type of lien is typically used to guarantee of payment to builders, contractors, and construction firms 
 
Which of the following is a requirement to become a real estate broker in North Carolina? 
 
A. 18 years of age 
B. 90 hours ...
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NC Real Estate Exam- Chapter 14 Real Estate Financing Principles
- Exam (elaborations) • 3 pages • 2024
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NC Real Estate Exam- Chapter 14 Real 
Estate Financing Principles 
Federal Reserve System -Answer-Their role is to maintain sound credit conditions, help 
counteract inflationary and deflationary trends, and create a favorable economic climate. 
Primary Mortgage Market -Answer-the lenders that originate mortgage loans 
Income on a loan is realized from these sources -Answer-1. Finance charges collected at closing, 
such as loan origination fees and discount points 2. Recurring income, that is, t...
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NC Real Estate Exam Study Guide Questions with Certified Answers
- Exam (elaborations) • 110 pages • 2023
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Available in package deal
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- $12.49
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NC Real Estate Exam Study Guide Questions with Certified Answers 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 
Brokerage activities requiring a license 1. Listing/offering to list real estate for sale/rent 2. Selling/buying or offering to sell/buy 3. Leasing/renting or offering to lease/rent 4. Conducting/offering to conduct...
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