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NC real estate broker pre-licensing exam Questions & Answers!!PACKAGE DEAL

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 ...

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NC prelicensing exam Questions & Answers!!

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Time share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation...

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N.C. Real estate pre-licensing Complete Questions & Answers!!

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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 extendin...

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NC real estate broker pre-licensing exam Questions & Answers!!

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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 o...

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***North Carolina 75-Hour Broker Pre-licensing Final Exam (PASSED Attempt) Accurate 100%

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Why might a buyer want to ASSUME a LOAN? The buyer doesn't want to follow a lender qualification process. The existing loan has a lower interest rate than current market rates. The principal remaining on the existing loan is low. The transfer of the property won't need to be approved by the ...

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NC Real Estate prelicensing exam chapters 1 & 2 Accurate 100%

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Economic Characteristics of Land - ANSWER Scarcity, Location, Improvements, Permanence of Investment (SLIP) Physical Characteristics of Land - ANSWER Immobility, Indestructibility, Uniqueness Highest and Best Use - ANSWER The possible use of a property that would produce the greatest net incom...

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NC Real Estate Exam Questions & Answers(RATED A+)

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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 - ANSWER A. Machinery Act This act provides a framework for listing, appraising, and assessing real and personal property Which type of valuati...

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NC Real Estate Pre-License Unit 1 Quiz Questions & Answers!!

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Which of the following BEST defines real estate? -Land and the air above it -land and the buildings permanently affixed to it -land and all things permanently affixed to it -land and the mineral rights in the land - ANSWER land and all things permanently affixed to it Which of the followi...

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North Carolina Real Estate PreLicensing Questions & Answers

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Abstract of Title - `ANSWER The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. ...

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NC INSURANCE PRE-LICENSING EXAM (PROPERTY: 2 Terms and Concepts)100% Accurate

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RISK - ANSWER uncertain prospect of a financial risks SPECULATIVE RISKS - ANSWER uncertain prospect of a financial gain or loss and are uninsurable. Example: gambling PURE RISK - ANSWER chance of loss or no loss, but no gain, and are insurable RISK AVOIDANCE - ANSWER does not get involved i...

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NC real estate broker prelicense test 2020 - Mid term Exam| 100 Questions| Correct Answers!!

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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...

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NC Real Estate prelicensing exam chapter 3 Accurate 100%

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encumbrance - ANSWER anything that affects title to real estate. Tax liens and deed restrictions are examples. Specific liens include - ANSWER property tax and special assessment, mortgage, vendor, and construction liens. General liens include: - ANSWER affect all the property of a debtor., bo...

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NC Insurance Licensing Exam Complete Questions & Answers!!

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P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - ANSWER Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT provide benefits for? - ANSWER Dismemberment An Accident/H...

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Pre licensing Final Exam Questions & Answers!!

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Riparian rights - ANSWER Property owner owns land that borders a navigational river. Fixture - ANSWER Once personal property, but now affixed to land or property permanently. IRMA test. Ex. Blinds, fan, cabinets, heating plants, plumbing, light fixtures. Trade fixture - ANSWER Owned by a tenan...

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NC Real Estate Law & Brokerage Practice, Real Estate Pre-licensing vocabulary, Pre License Real Estate, Real Estate Pre-License Accurate 100%

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manufactured home - ANSWER aka mobile home or trailer. personal property that becomes real property when hitch and axles are removed, home is permanently attached and DMV title is canceled. Built to federal HUD building codes. Y3 modular home - ANSWER never movable by itself; always real property...

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NC Life Insurance Exam Prep Questions & Answers!!

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An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWER A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWER Sharing commissions with other licensed and appointed agents What benefit does the Payo...

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NC 75-Hour Broker Pre licensing Course Study Guide Correct 100%

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Which account are broker commissions paid from? A) Attorney's escrow account B) Brokers escrow account C) Brokers operations account D) Sellers personal account - ANSWER C) Brokers operations account Which of the following are TRUE about CMAs A) A provisional broker may perfor...

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NC Real Estate Practice Exam 100% Accurate

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Method of describing land which is NOT used in North Carolina? - ANSWER Government rectangular survey In NC, the last day that real estate taxes for the current year may be paid without penalty is? - ANSWER By January 5th of the next year A description of property that reads "Beginning at the...

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