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Superior School of Real Estate Guide (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade $10.99   Add to cart

Exam (elaborations)

Superior School of Real Estate Guide (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade

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  • Course
  • Superior School of Real Estate
  • Institution
  • Superior School Of Real Estate

Superior School of Real Estate Guide (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: What gets recorded Answer: DREAM OIL - deeds, restricted covenants, easements, assignments options, Installment land contracts, leases longer 3 yrs Q: Nc enab...

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  • November 11, 2024
  • 47
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • zone ordinance continue
  • Superior School of Real Estate
  • Superior School of Real Estate
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nurse_steph
SuperiorlSchoolloflReallEstatelGuidel(Latest
lUpdate)lQuestionslandlVerifiedlAnswers|l
100%lCorrect|lGradelAl

Q:lWhatlgetslrecorded

Answer:
DREAMlOIL
-
ldeeds,lrestrictedlcovenants,leasements,lassignmentsloptions,lInstallmentllandlcontracts,lleasesll
ongerl3lyrs




Q:lNclenablinglact

Answer:
-lConferslzoninglpowerlonlmunicipality
-lzonesloutsidelthelincorporatedllimitslbutlsubjectltolzoninglrestrictionsl
larel....lETJlExtra-terrorialljurisdiction




Q:lNClzoning

Answer:
-lAestheticlzoning,lcouldlbelrezonedlforlappearance
--lspotlzoning,lgrouploflpropertieslislrezonedltolpermitlaldifferentluse
l(Housinglnextltolofficelbuilding,ltheylalllwantltolgetlrezonedllikelthel
lOfficelbuildingslgetlmorelmoneylforltheirlproperty)




Q:lVariance

,Answer:
-lDealinglwithlzoning
-ldoeslnotlchangelthelzoning
-laffectlthatlparticularllotlorlhome
-ltolavoidlhardship
-loncelgrantedlrunslwithlthelland
-lpubliclhearing
-lbroadlofladjustmentl
-lvariousldoeslnotlaffectlCCRl(encroachment)




Q:lRestrictionslonltransfer
NCl153Al332


Answer:
-lpriorltolPlatlapprovallyoulcan
l-lwritelcontracts
l-ltakelReservationsl
l-lsignlcontracts
l-lholdldeposits
ONCElFINALlPLATlAPPROVAL,lthenlyoulcanltransfer,lconveylorlclose




Q:lSubdivisionlstreetldisclosurel
NCl136l102.6


Answer:
-lbrokerlislREQUIREDltolprovideldisclosurel
-lmustldiscloselpubliclorlprivatelandlwholmaintainslthelroad
-ljustlbecauselitlpubliclDOESN'TlmeanlNCDOTlmaintains




Q:lDedicationl&lAcceptance

,Answer:
Dedication...lactionltakeltolgetlmunicipalitiesltolacceptlresponsibilityl

Acceptance...lformallacknowledgementlbylthelstatelorlmunicipalitylofl
lResponsibility




Q:lTherelarelNOlcountylroadslinl
NC


Answer:
-lRoadlandlstreetslarelmaintainedlbyl:
1.lNCDOT
2.lMunicipalitiesl
3.lHOA
4.lPrivatelindividuallhomeowners




Q:lLotsltolbelregisteredlwithlHUD

Answer:
-lInterstatellandlsaleslfullldisclosurelAct
-lmustlbelregisteredl25lmorellotlandllotllesslthenl20lacrelorlless
lWithlHUD
-lMustlprovideltolbuyerslwithlpropertylreportlfiledlwithlHUD




Q:lLotsltolbelregisteredlwithlHUD
continue


Answer:
-lbuyerlmustlgetlbeforelpriorltoltolsignlleaselorlpurchaselcontract
-l7ldaysltolrescissionlperiod
-lfailureltolprovideslcreatelal2lyrlrevocation

, Q:lLicenseelobligationlonl
Unpermittedlspace


Answer:
Allicenseelhaslanlobligationltolwatchlforlredlflagslofl
unpermittedlspace




Q:lEnablinglAct

Answer:
Zoninglpowerslarelconferredlonlmunicipallgovernmentlbylthe
EnablinglActlthroughlthelNClGenerallAssembly.

-lbrokerlshouldlcklwithllocallcitylbeforelansweringlzonelquestions




Q:lZonelordinances

Answer:
-lLegallnonconforminglusel(grandfatheredlin)
-lIllegallusel-lmisdemeanorl
-lVariation
l-lconditionall-luse,lspecialluselofllandlforlhospitallect...
l-lvariance,lhardshiplneeded




Q:lZonelordinancelcontinue

Answer:
-lOverlayldistricts,llikelsinglelfamilylzonelandlfloodlzone
-lHistoricallzone,ltolpreservelhistoricallbuildings
-lAestheticlzoning

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