Superior School of Real Estate Bundled Exams Questions and Answers | 100% Verified and Updated 2024 | Revised Edition
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Superior school of real estate exam with correct answers Which of the following activities is prohibited under the federal Sherman antitrust law? - Answer-Market allocation Funds for dept of veteran affair are most likely to be provided by? -Answer-Approved lenders If all the deeds a buyer can ...
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Add to cartSuperior school of real estate exam with correct answers Which of the following activities is prohibited under the federal Sherman antitrust law? - Answer-Market allocation Funds for dept of veteran affair are most likely to be provided by? -Answer-Approved lenders If all the deeds a buyer can ...
Superior School of Real Estate Exam Problem Areas Questions and Answers tenements -Answer-all of the rights and interests that go with the land hereditaments -Answer-land and all of the tenements that can be inherited appurtenance -Answer-a right interest of privilege that goes with the land (it...
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Add to cartSuperior School of Real Estate Exam Problem Areas Questions and Answers tenements -Answer-all of the rights and interests that go with the land hereditaments -Answer-land and all of the tenements that can be inherited appurtenance -Answer-a right interest of privilege that goes with the land (it...
Additions to the land (ie houses) that are artificially attached (personal) Economic characteristic of land Chapter 1 Indestructibility -Answer-Land is non destroyable. It can be altered but its geographic coordinates remain the same. (physical characteristic of land) Chapter 1 Non-homogeneity...
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Add to cartAdditions to the land (ie houses) that are artificially attached (personal) Economic characteristic of land Chapter 1 Indestructibility -Answer-Land is non destroyable. It can be altered but its geographic coordinates remain the same. (physical characteristic of land) Chapter 1 Non-homogeneity...
Superior School of Real Estate Exam What are the two classes of property? -Answer-Real property and personal property What is the land and everything permanently attached to it called? -Answer-Real property What type of property is referred to as everything else? -Answer-Personal property Is the...
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Add to cartSuperior School of Real Estate Exam What are the two classes of property? -Answer-Real property and personal property What is the land and everything permanently attached to it called? -Answer-Real property What type of property is referred to as everything else? -Answer-Personal property Is the...
Superior School of Real Estate Exam Prep Questions and Answers Provisional broker John works for Sandra, who is a BIC. Sandra has a listing that one of John's buyer clients wants to see. In regard to the agency relationship that will be formed with John's buyer client, what type of agency rela...
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Add to cartSuperior School of Real Estate Exam Prep Questions and Answers Provisional broker John works for Sandra, who is a BIC. Sandra has a listing that one of John's buyer clients wants to see. In regard to the agency relationship that will be formed with John's buyer client, what type of agency rela...
Superior School Real Estate Chap 11 Exam 2024 Questions and Answers Substitution of Entitlement -Answer-The process by which one veteran pledges entitlement for a VA loan he or she is assuming in order to free up the entitlement of the original veteran/borrower Conforming Loans -Answer-Those pro...
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Add to cartSuperior School Real Estate Chap 11 Exam 2024 Questions and Answers Substitution of Entitlement -Answer-The process by which one veteran pledges entitlement for a VA loan he or she is assuming in order to free up the entitlement of the original veteran/borrower Conforming Loans -Answer-Those pro...
Superior School Real Estate - Chapter 1 Exam Questions and Answers Real Property includes... -Answer-The earth's surface downward to the center and upward to infinity Real Estate includes... -Answer-Improvements, buildings, fences, and trees/plants attached What is evidenced by a deed? -Answer...
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Add to cartSuperior School Real Estate - Chapter 1 Exam Questions and Answers Real Property includes... -Answer-The earth's surface downward to the center and upward to infinity Real Estate includes... -Answer-Improvements, buildings, fences, and trees/plants attached What is evidenced by a deed? -Answer...
Superior School of Real Estate Practice Final Exam Questions and Answers Who creates FEMA maps? -Answer-Army Corps of Engineers. (Borrowers who obtain a federally related mortgage must obtain a flood certification. If the certification shows that the property is located in a flood zone, then flo...
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Add to cartSuperior School of Real Estate Practice Final Exam Questions and Answers Who creates FEMA maps? -Answer-Army Corps of Engineers. (Borrowers who obtain a federally related mortgage must obtain a flood certification. If the certification shows that the property is located in a flood zone, then flo...
Superior School of Real Estate (NC Real Estate Prelicensing) Exam Questions and Answers Bundle of Rights -Answer-Right to possession of the property: the right of quiet enjoyment of the property; the right to exclude others; the right to dispose of the property by gift, by sale, or by will; and ...
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Add to cartSuperior School of Real Estate (NC Real Estate Prelicensing) Exam Questions and Answers Bundle of Rights -Answer-Right to possession of the property: the right of quiet enjoyment of the property; the right to exclude others; the right to dispose of the property by gift, by sale, or by will; and ...
Superior School of Real Estate Exam appurtenance -Answer-Any right or privilege that is considered to run with the land bill of sale -Answer- chattel -Answer-Personal Property deed -Answer- hereditaments -Answer-Any rights capable of being inherited highest and best use -Answer-use that will p...
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Add to cartSuperior School of Real Estate Exam appurtenance -Answer-Any right or privilege that is considered to run with the land bill of sale -Answer- chattel -Answer-Personal Property deed -Answer- hereditaments -Answer-Any rights capable of being inherited highest and best use -Answer-use that will p...
Superior School of Real Estate - Chapter 3 Exam NC GS 105 NC Machinery Act (Revenue Act) -Answer-State law sets forth the process Counties carry out the details Every 8 years by appraisals Every 4 years you can make horizontal adjustments by % Define Ad Valorem -Answer-According to value; the b...
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Add to cartSuperior School of Real Estate - Chapter 3 Exam NC GS 105 NC Machinery Act (Revenue Act) -Answer-State law sets forth the process Counties carry out the details Every 8 years by appraisals Every 4 years you can make horizontal adjustments by % Define Ad Valorem -Answer-According to value; the b...
Superior Engrade Chapter 11 A Exam Questions with Verified Answers A homebuyer recently financed his first home with a fixed rate conventional loan. The type of interest he will pay over the life of the loan is probably -Answer-Simple interest A building was sold for $115,000. Down payment was m...
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Add to cartSuperior Engrade Chapter 11 A Exam Questions with Verified Answers A homebuyer recently financed his first home with a fixed rate conventional loan. The type of interest he will pay over the life of the loan is probably -Answer-Simple interest A building was sold for $115,000. Down payment was m...
Superior NC Real Estate Important Final Exam Questions and Answers RESPA -Answer--Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a...
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Add to cartSuperior NC Real Estate Important Final Exam Questions and Answers RESPA -Answer--Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a...
Superior Final Exam Questions and Answers All of the following factors would affect supply, EXCEPT: -Answer-population When the supply of a commodity decreases: -Answer-prices tend to rise All of the following are physical characteristics of land, EXCEPT: -Answer-scarcity All of the following ar...
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Add to cartSuperior Final Exam Questions and Answers All of the following factors would affect supply, EXCEPT: -Answer-population When the supply of a commodity decreases: -Answer-prices tend to rise All of the following are physical characteristics of land, EXCEPT: -Answer-scarcity All of the following ar...
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...
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Add to cartSuperior 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...
Superior Real Estate Chapter 7 Exam 2024 Questions and Answers (Graded A) Agency -Answer-A relationship that exists in which one person is empowered to act on behalf of another; SIMPLY STATED: ACTING ON BEHALF OF ANOTHER Common Law of Agency -Answer-NCREC requires all agency agreements to be IN...
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Add to cartSuperior Real Estate Chapter 7 Exam 2024 Questions and Answers (Graded A) Agency -Answer-A relationship that exists in which one person is empowered to act on behalf of another; SIMPLY STATED: ACTING ON BEHALF OF ANOTHER Common Law of Agency -Answer-NCREC requires all agency agreements to be IN...
Superior School of Real Estate - Chapter 2 Exam Questions and Answers What are the Bundle of Rights? -Answer-Timber Rights, Right to Build Homes, Mineral Rights, Access Rights, and Rights to Sell The Bundle of Rights acronym DEEPC -Answer-Disposition, Enjoyment, Exclusion, Possession, and Contr...
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Add to cartSuperior School of Real Estate - Chapter 2 Exam Questions and Answers What are the Bundle of Rights? -Answer-Timber Rights, Right to Build Homes, Mineral Rights, Access Rights, and Rights to Sell The Bundle of Rights acronym DEEPC -Answer-Disposition, Enjoyment, Exclusion, Possession, and Contr...
Review quiz chapters 1-6 superior quiz online with complete solutions Which type of estate cannot pass by inheritance? - fee simple estate - fee simple condition subsequent estate - conventional life estate - pur autre vie life estate -Answer-conventional life estate Which of the following li...
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Add to cartReview quiz chapters 1-6 superior quiz online with complete solutions Which type of estate cannot pass by inheritance? - fee simple estate - fee simple condition subsequent estate - conventional life estate - pur autre vie life estate -Answer-conventional life estate Which of the following li...
Superior Real Estate School 1-10 Review Terms Exam 2024 18 months to complete -Answer-3 30 hour post licensing courses Failure to pay renewal fee by ____ will result in a _____ status failure to complete CE by_____ means your license will____ on ____ -Answer--pAy = Expire June 10th cutoff for c...
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Add to cartSuperior Real Estate School 1-10 Review Terms Exam 2024 18 months to complete -Answer-3 30 hour post licensing courses Failure to pay renewal fee by ____ will result in a _____ status failure to complete CE by_____ means your license will____ on ____ -Answer--pAy = Expire June 10th cutoff for c...
Superior Real Estate School Exam with correct Answers All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity -Answer-D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contr...
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Add to cartSuperior Real Estate School Exam with correct Answers All of the following are physical characteristics of land except: A. Indestructibility B. Uniqueness C. Immobility D. Scarcity -Answer-D. Scarcity Under the doctrine of specific performance, the party harmed by breach of a real estate contr...
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 f...
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Add to cartSuperior 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 f...
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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 ...
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Add to cartSuperior 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 ...
Real estate superior school Exam Questions and Answers if you get compensation you need ______ -Answer-a license Forms of compensation -Answer-- gift card - money - free rent -ipad -concert tickets -etc. What are activies that require you to have a license -Answer-(LLBEANS) List Lease Buy...
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Add to cartReal estate superior school Exam Questions and Answers if you get compensation you need ______ -Answer-a license Forms of compensation -Answer-- gift card - money - free rent -ipad -concert tickets -etc. What are activies that require you to have a license -Answer-(LLBEANS) List Lease Buy...
Real Estate in NC Chapter #4 Exam Questions and Answers Metes and bounds -Answer-A method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land. Starts with POB. POB -Answer-Point of begining. Rectangu...
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Add to cartReal Estate in NC Chapter #4 Exam Questions and Answers Metes and bounds -Answer-A method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land. Starts with POB. POB -Answer-Point of begining. Rectangu...
NC Superior Real Estate School - Chapter 15-16 Exam Questions and Answers Chapter 15 Vocabulary: Real Estate (Property) Management - Note: This is Chapter 16 in the Adventure Guide -Answer-Chapter 15 Vocabulary: Real Estate Management - Note: This is Chapter 16 in the Adventure Guide Management...
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Add to cartNC Superior Real Estate School - Chapter 15-16 Exam Questions and Answers Chapter 15 Vocabulary: Real Estate (Property) Management - Note: This is Chapter 16 in the Adventure Guide -Answer-Chapter 15 Vocabulary: Real Estate Management - Note: This is Chapter 16 in the Adventure Guide Management...
NC Superior Real Estate School - Chapter 2 Exam Questions and Answers Chapter 2 Vocabulary: Property Ownership & Interests -Answer-Chapter 2 Vocabulary: Property Ownership & Interests Air rights -Answer-The right to use the open space above a property, usually allowing the surface to be used fo...
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Add to cartNC Superior Real Estate School - Chapter 2 Exam Questions and Answers Chapter 2 Vocabulary: Property Ownership & Interests -Answer-Chapter 2 Vocabulary: Property Ownership & Interests Air rights -Answer-The right to use the open space above a property, usually allowing the surface to be used fo...
NC Real Estate Principles and Practices Chapter 1 - Superior School Exam Another name for Real Estate -Answer-Real Property or Realty Another name for Real Property -Answer-Realty or Real Estate Real Property -Answer-includes the land at above and below the earth's surface, including all thing...
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Add to cartNC Real Estate Principles and Practices Chapter 1 - Superior School Exam Another name for Real Estate -Answer-Real Property or Realty Another name for Real Property -Answer-Realty or Real Estate Real Property -Answer-includes the land at above and below the earth's surface, including all thing...
NC Superior Real Estate School - Chapter 5 Exam Chapter 5 Vocabulary: Land Use Controls -Answer-Chapter 5 Vocabulary: Land Use Controls Amendment -Answer-A change or modification of a zoning ordinance by the local legislative authority Building Codes -Answer-Public controls regulating conduction...
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Add to cartNC Superior Real Estate School - Chapter 5 Exam Chapter 5 Vocabulary: Land Use Controls -Answer-Chapter 5 Vocabulary: Land Use Controls Amendment -Answer-A change or modification of a zoning ordinance by the local legislative authority Building Codes -Answer-Public controls regulating conduction...
NC Superior Real Estate School - Chapter 14/15 Questions and Answers Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide -Answer-Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide ...
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Add to cartNC Superior Real Estate School - Chapter 14/15 Questions and Answers Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide -Answer-Chapter 14 Vocabulary: Relationship of Landlord and Tenant - Note: This is Chapter 15 in the Adventure Guide ...
NC Superior Real Estate School - Chapter 1 Exam Questions and Answers Chapter 1 Vocabulary: Basic Real Estate Concepts -Answer-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale -Answer-Investment used to transfer the ownership of personal property to real property Chattel -Answer-A...
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Add to cartNC Superior Real Estate School - Chapter 1 Exam Questions and Answers Chapter 1 Vocabulary: Basic Real Estate Concepts -Answer-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale -Answer-Investment used to transfer the ownership of personal property to real property Chattel -Answer-A...
NC Superior Real Estate School - Chapter 7 Exam with correct Answers Chapter 7 Vocabulary: Brokerage Relationships - Laws & Practices -Answer-Chapter 7 Vocabulary: Brokerage Relationships - Laws & Practices Agent -Answer-A person authorized by another to act on his or her behalf Subagents of a ...
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Add to cartNC Superior Real Estate School - Chapter 7 Exam with correct Answers Chapter 7 Vocabulary: Brokerage Relationships - Laws & Practices -Answer-Chapter 7 Vocabulary: Brokerage Relationships - Laws & Practices Agent -Answer-A person authorized by another to act on his or her behalf Subagents of a ...
NORTH CAROLINA 75-HOUR BROKER PRE-LICENSING COURSE EXAM Deliver a termination notice to the seller -Answer-Under the terms of the North Carolina Offer to Purchase and Contract, Standard Form 2-T, if the buyer fails to _______ before the due diligence period expires, this indicates that the buyer...
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Add to cartNORTH CAROLINA 75-HOUR BROKER PRE-LICENSING COURSE EXAM Deliver a termination notice to the seller -Answer-Under the terms of the North Carolina Offer to Purchase and Contract, Standard Form 2-T, if the buyer fails to _______ before the due diligence period expires, this indicates that the buyer...
NC Superior Real Estate School - Chapter 1 Exam Chapter 1 Vocabulary: Basic Real Estate Concepts -Answer-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale -Answer-Investment used to transfer the ownership of personal property to real property Chattel -Answer-Another name for persona...
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Add to cartNC Superior Real Estate School - Chapter 1 Exam Chapter 1 Vocabulary: Basic Real Estate Concepts -Answer-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale -Answer-Investment used to transfer the ownership of personal property to real property Chattel -Answer-Another name for persona...
Chapter 7 - Pre-licensing Class- Superior Real Estate School Exam 2024 The real estate broker's fiduciary responsibility to keep the principal informed of all facts, including property condition and issues that affect a seller's willingness to sell and a buyer's willingness to buy, is the dut...
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Add to cartChapter 7 - Pre-licensing Class- Superior Real Estate School Exam 2024 The real estate broker's fiduciary responsibility to keep the principal informed of all facts, including property condition and issues that affect a seller's willingness to sell and a buyer's willingness to buy, is the dut...
Chapter 8 superior quiz with complete solutions A valid listing agreement may be terminated for any of the following reasons, EXCEPT: - sale of the property - expiration of the individual listing agent's license - agreement of the parties - destruction of the premises -Answer-expiration of the...
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Add to cartChapter 8 superior quiz with complete solutions A valid listing agreement may be terminated for any of the following reasons, EXCEPT: - sale of the property - expiration of the individual listing agent's license - agreement of the parties - destruction of the premises -Answer-expiration of the...
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 origi...
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Add to cartNC 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 origi...
NC License Law Superior Quizzes 100% solved 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 followin...
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Add to cartNC License Law Superior Quizzes 100% solved 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 followin...
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:Ac...
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Add to cartB 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:Ac...
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 in...
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Add to cartNC 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 in...
Critical HOT Topics for Real Estate Licensing Exam- Superior School of Real Estate What is required to receive compensation? -Answer-A License Auctioneers need -Answer-both real estate license and auctioneer license Exemptions from Licensure -Answer-salaried employees, property managers, trustee...
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Add to cartCritical HOT Topics for Real Estate Licensing Exam- Superior School of Real Estate What is required to receive compensation? -Answer-A License Auctioneers need -Answer-both real estate license and auctioneer license Exemptions from Licensure -Answer-salaried employees, property managers, trustee...
Chapter 1 Superior Test 100% solved The fact that real estate licensees must be licensed in the state where the real estate is located and not where the client is located occurs: A. because individual state regulatory agencies create rules that govern their licensees B. because they are subject ...
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Add to cartChapter 1 Superior Test 100% solved The fact that real estate licensees must be licensed in the state where the real estate is located and not where the client is located occurs: A. because individual state regulatory agencies create rules that govern their licensees B. because they are subject ...
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 coursewor...
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Add to cartA 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 coursewor...
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