Nc real estate broker - Study guides, Class notes & Summaries
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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 is ...
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NC real estate broker pre-licensing exam
- Exam (elaborations) • 28 pages • 2024
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NC real estate broker pre-licensing exam
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NC real estate broker pre-licensing exam
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NC real estate broker pre-licensing exam 
Syndication -Answer-Two or more forms joining together as an entity to own real estate 
Estate in severalty -Answer-Ownership by one individual 
Concurrent ownership -Answer-Two or more persons share ownership with undivided interests 
Tenancy in common -Answer-Co-ownership without right of survivorship to other owners 
Police power -Answer-The broad right of the government to place reasonable restrictions on the 
use of privately held land 
Easement -An...
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NC real estate broker pre-licensing exam
- Exam (elaborations) • 28 pages • 2024
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NC real estate broker pre-licensing exam 
Syndication -Answer-Two or more forms joining together as an entity to own real estate 
Estate in severalty -Answer-Ownership by one individual 
Concurrent ownership -Answer-Two or more persons share ownership with undivided interests 
Tenancy in common -Answer-Co-ownership without right of survivorship to other owners 
Police power -Answer-The broad right of the government to place reasonable restrictions on the 
use of privately held land 
Easement -An...
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NC real estate broker pre-licensing exam questions and answers |verified
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NC real estate broker pre-licensing exam questions and answers |verified
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NC real estate broker prelicense test 2020 - Mid term Exam| 100 Questions| Correct Answers!!
- Exam (elaborations) • 23 pages • 2024
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An unlicensed salaried assistant of a real estate broker is soliciting listings for her broker. 
A - This is a legal action so long as the broker does the actual listing presentation and contracting. 
B - This is legal as long as the assistant is not paid any portion of the commission 
C - It is not legal for the assistant to solicit listings for her broker. 
D - This is not legal unless the assistant and the broker have permission from the BIC - ANSWER C - It is not legal for the assistant to s...
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NC real estate broker pre-licensing exam Questions & Answers!!
- Exam (elaborations) • 29 pages • 2024
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Syndication - ANSWER Two or more forms joining together as an entity to own real estate 
 
Estate in severalty - ANSWER Ownership by one individual 
 
Concurrent ownership - ANSWER Two or more persons share ownership with undivided interests 
 
Tenancy in common - ANSWER Co-ownership without right of survivorship to other owners 
 
Police power - ANSWER The broad right of the government to place reasonable restrictions on the use of privately held land 
 
Easement - ANSWER A right of use or enjo...
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NC real estate broker pre-licensing exam Questions & Answers!!PACKAGE DEAL
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NC real estate broker pre-licensing exam Questions & Answers!!PACKAGE DEALNC real estate broker pre-licensing exam Questions & Answers!!PACKAGE DEALNC real estate broker pre-licensing exam Questions & Answers!!PACKAGE DEALNC real estate broker pre-licensing exam Questions & Answers!!PACKAGE DEALNC real estate broker pre-licensing exam Questions & A
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NC real estate broker pre-licensing exam Questions and Answers!
- Exam (elaborations) • 29 pages • 2024
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NC real estate broker pre-licensing exam Questions and Answers! 
 
 
Syndication - ANSWER Two or more forms joining together as an entity to own real estate 
 
Estate in severalty - ANSWER Ownership by one individual 
 
Concurrent ownership - ANSWER Two or more persons share ownership with undivided interests 
 
Tenancy in common - ANSWER Co-ownership without right of survivorship to other owners 
 
Police power - ANSWER The broad right of the government to place reasonable restrictions on the u...
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NC real estate broker prelicense test 2020 - Mid term Exam| 100 Questions| accurate Answers!!
- Exam (elaborations) • 23 pages • 2024
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- $11.99
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NC real estate broker prelicense test 2020 - Mid term Exam| 100 Questions| accurate Answers!!An unlicensed salaried assistant of a real estate broker is soliciting listings for her broker. 
A - This is a legal action so long as the broker does the actual listing presentation and contracting. 
B - This is legal as long as the assistant is not paid any portion of the commission 
C - It is not legal for the assistant to solicit listings for her broker. 
D - This is not legal unless the assistant an...
-
NC real estate broker pre-licensing exam questions and answers
- Exam (elaborations) • 28 pages • 2024
- Available in package deal
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- $17.49
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NC real estate broker pre-licensing exam questions and answers 
 
Methods of terminating easements (3) - Answer-1. Merger 
2. Release 
3. Abandonment 
 
Express agreement (easement) - Answer-Easement is real property interest and therefore transferred by deed and typically recordsd 
 
Types of specific liens (3) - Answer-1. Government lien 
2. Mechanic/construction lien 
3. Mortgage 
 
Types of general liens (3) - Answer-1. Judgment lien 
2. IRS or state lien 
3. Personal property tax lien 
 
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