Chapter 7 NC Real Estate Exam Questions with Correct Answers 2 Exam (elaborations) N.C. Real estate pre-licensing Exam Questions with Complete Answers 3 Exam (elaborations) NC Broker PSI State Portion Exam Questions with 100% Correct Answers 4 Exam (elaborations) NC Real Estate Exam Questions an...
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Real Estate in NC Chapter #4 Exam Questions with Answers Rectangular (government) Survey System - Answer-Based on measurements from base lines and principal meridians. Base lines run east and west; principal meridians run north and south. Designed to set up checkerboard pattern of identical squar...
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Add to cartReal Estate in NC Chapter #4 Exam Questions with Answers Rectangular (government) Survey System - Answer-Based on measurements from base lines and principal meridians. Base lines run east and west; principal meridians run north and south. Designed to set up checkerboard pattern of identical squar...
Real Estate Exam - State Portion - NC - Study Cards Questions and Answers The NCREC has no power to put a licensee in jail. Only courts have this power. - Answer-True The NC court system can prosecute you for violation of G.S.93A. - Answer-True The NCREC has the power to revoke a real estat...
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Add to cartReal Estate Exam - State Portion - NC - Study Cards Questions and Answers The NCREC has no power to put a licensee in jail. Only courts have this power. - Answer-True The NC court system can prosecute you for violation of G.S.93A. - Answer-True The NCREC has the power to revoke a real estat...
North Carolina Real Estate Exam Prep Basic, Ownership Interests, Encumbrances, Property Description Exam with Correct Answers Qualified Fee - Answer-aka FEE SIMPLE DEFEASIBLE This term was on practice test and didn't recognize! (you have to qualify to keep title) Estates NOT of Inheritanc...
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Add to cartNorth Carolina Real Estate Exam Prep Basic, Ownership Interests, Encumbrances, Property Description Exam with Correct Answers Qualified Fee - Answer-aka FEE SIMPLE DEFEASIBLE This term was on practice test and didn't recognize! (you have to qualify to keep title) Estates NOT of Inheritanc...
North Carolina Real Estate (State Only Exam Review) decided to seek opportunities to supplement his retirement income by responding to an advertisement to become a timeshare salesman. John is told by the developer no license is required to sell a timeshare as he will be paid a flat fee for each t...
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Add to cartNorth Carolina Real Estate (State Only Exam Review) decided to seek opportunities to supplement his retirement income by responding to an advertisement to become a timeshare salesman. John is told by the developer no license is required to sell a timeshare as he will be paid a flat fee for each t...
NC State portion study Real Estate Exam Questions with Verified Answer (Definite Pass) What terminates tenancy by the entirety? divorce partition legal separation divorce decree in register of deeds incapacitated bankruptcy one wants to sell their interest - Answer-Divorce- Upon divo...
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Add to cartNC State portion study Real Estate Exam Questions with Verified Answer (Definite Pass) What terminates tenancy by the entirety? divorce partition legal separation divorce decree in register of deeds incapacitated bankruptcy one wants to sell their interest - Answer-Divorce- Upon divo...
NC Real Estate Unit 2 Exam Questions and Answers common elements - Answer-Parts of a property that are necessary or convenient to the existence, maintenance, and safety of a condominium or are normally in common use by all of the condominium residents. Each condominium owner has an undivided owne...
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Add to cartNC Real Estate Unit 2 Exam Questions and Answers common elements - Answer-Parts of a property that are necessary or convenient to the existence, maintenance, and safety of a condominium or are normally in common use by all of the condominium residents. Each condominium owner has an undivided owne...
NC Real Estate Unit 1 Exam Questions with Complete Answers heterogeneity - Answer-state of being dissimilar, composition from unlike elements Highest and Best Use - Answer-The possible use of a property that would produce the greatest net income and thereby develop the highest value. land -...
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Add to cartNC Real Estate Unit 1 Exam Questions with Complete Answers heterogeneity - Answer-state of being dissimilar, composition from unlike elements Highest and Best Use - Answer-The possible use of a property that would produce the greatest net income and thereby develop the highest value. land -...
NC Real Estate Terms Exam Questions with Correct Answers 2024 Requirements for Licensure (Full broker) - Answer-1) Complete 3 separate 30 hour Post-Licensing classes (90 total hours) in order to remove your provisional status. 2) Must have all the classes completed and pass the class exam. P...
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Add to cartNC Real Estate Terms Exam Questions with Correct Answers 2024 Requirements for Licensure (Full broker) - Answer-1) Complete 3 separate 30 hour Post-Licensing classes (90 total hours) in order to remove your provisional status. 2) Must have all the classes completed and pass the class exam. P...
NC Real Estate Pre-License Unit 1 Quiz Questions with 100% Correct Answers Which of the following is NOT an economic characteristic of real estate? -Indestructibility -Scarcity -Permanence of Improvement -Location - Answer-Indestructibility Which of the following physical and economic f...
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Add to cartNC Real Estate Pre-License Unit 1 Quiz Questions with 100% Correct Answers Which of the following is NOT an economic characteristic of real estate? -Indestructibility -Scarcity -Permanence of Improvement -Location - Answer-Indestructibility Which of the following physical and economic f...
NC Real Estate Practice Exam Questions and Answers (100% Pass) All these freehold estates can pass by inheritance EXCEPT a......... - Answer-Conventional life estate Deed that contains no warranties at all and may convey no title at all, depending on the Grantors interest in the property when ...
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Add to cartNC Real Estate Practice Exam Questions and Answers (100% Pass) All these freehold estates can pass by inheritance EXCEPT a......... - Answer-Conventional life estate Deed that contains no warranties at all and may convey no title at all, depending on the Grantors interest in the property when ...
NC Real Estate Midterm Review Exam Questions with Complete Solutions What are three estates of inheritance - Answer-fee simple absolute, fee simple defeasible (fee simple determinable, fee simple subject to condition subsequent), estate pur autre vie. Fee simple absolute - Answer-no limitation...
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Add to cartNC Real Estate Midterm Review Exam Questions with Complete Solutions What are three estates of inheritance - Answer-fee simple absolute, fee simple defeasible (fee simple determinable, fee simple subject to condition subsequent), estate pur autre vie. Fee simple absolute - Answer-no limitation...
NC Real Estate License Law & Real Estate Commission Rules Exam Questions with Correct Answers (100% Pass) Describe the NC Real Estate Commission membership/board - Answer-• 9 members. 7 are appointed by the Governor. 2 appointed by the General Assembly based on recommendations of the Senate and...
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Add to cartNC Real Estate License Law & Real Estate Commission Rules Exam Questions with Correct Answers (100% Pass) Describe the NC Real Estate Commission membership/board - Answer-• 9 members. 7 are appointed by the Governor. 2 appointed by the General Assembly based on recommendations of the Senate and...
NC Real Estate Exam Study Guide Questions and Answers How many members are there in the commission? - Answer-9 members Who appoints members to the NC real estate commission? - Answer-7 appointed by Governor 1 by general assembly upon recommendation of President pro tempore of Senate 1 by gener...
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Add to cartNC Real Estate Exam Study Guide Questions and Answers How many members are there in the commission? - Answer-9 members Who appoints members to the NC real estate commission? - Answer-7 appointed by Governor 1 by general assembly upon recommendation of President pro tempore of Senate 1 by gener...
NC Real Estate Exam- State Portion Questions and Answers Permitted Activities of Unlicensed Assistants - Answer--SHOW "rental" properties managed by the employee's empoying broker to prospective tenants -COMPLETE and execute pre-printed form leases for rental of such properties -TYPE offers,...
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Add to cartNC Real Estate Exam- State Portion Questions and Answers Permitted Activities of Unlicensed Assistants - Answer--SHOW "rental" properties managed by the employee's empoying broker to prospective tenants -COMPLETE and execute pre-printed form leases for rental of such properties -TYPE offers,...
NC Real Estate Exam State Portion Questions and Answers Which of the following is INCORRECT about the post licensing requirement of a provisional broker? A: the due date of the post licensing education is the anniversary date of licensure B: post licensing consists of three 30 hour courses whic...
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Add to cartNC Real Estate Exam State Portion Questions and Answers Which of the following is INCORRECT about the post licensing requirement of a provisional broker? A: the due date of the post licensing education is the anniversary date of licensure B: post licensing consists of three 30 hour courses whic...
NC Real Estate Exam Review- Study Guide Questions and Answers Obedience and Loyalty - Answer-must comply with all lawful instructions that are consistent with the agency agreement must put client interest above your own Soliciting Listings - Answer-DO NOT CALL cannot "cold" call expire...
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Add to cartNC Real Estate Exam Review- Study Guide Questions and Answers Obedience and Loyalty - Answer-must comply with all lawful instructions that are consistent with the agency agreement must put client interest above your own Soliciting Listings - Answer-DO NOT CALL cannot "cold" call expire...
NC Real Estate Exam Questions and Answers Which type of valuation technique applies a standard percentage increase or decrease to all property in a specified location? A. Valuation B. County appraisal C. Mass appraisal D. There is no such appraisal - Answer-C. Mass Appraisal This is a v...
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Add to cartNC Real Estate Exam Questions and Answers Which type of valuation technique applies a standard percentage increase or decrease to all property in a specified location? A. Valuation B. County appraisal C. Mass appraisal D. There is no such appraisal - Answer-C. Mass Appraisal This is a v...
NC Real Estate Exam Questions with Verified Answers (Latest) TENANTS IN COMMON - Answer-No survivorship. Other tenants assume your share of the property. Tenants can also sell their share without consent of the other person TENANCY BY THE ENTIRETY; when does it dissolve? - Answer-It dissolves ...
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Add to cartNC Real Estate Exam Questions with Verified Answers (Latest) TENANTS IN COMMON - Answer-No survivorship. Other tenants assume your share of the property. Tenants can also sell their share without consent of the other person TENANCY BY THE ENTIRETY; when does it dissolve? - Answer-It dissolves ...
NC Real Estate Exam Questions with Complete Solutions Rated A+ Building Codes - Answer-NC requirements as to construction standards, with the primary purpose being safety Flood Hazard Area - Answer-Areas designated by FEMA as being prone to flooding. Historic Preservation Zoning - Answer-A ...
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Add to cartNC Real Estate Exam Questions with Complete Solutions Rated A+ Building Codes - Answer-NC requirements as to construction standards, with the primary purpose being safety Flood Hazard Area - Answer-Areas designated by FEMA as being prone to flooding. Historic Preservation Zoning - Answer-A ...
NC Real Estate Exam Questions with Complete Solutions Latest Update A licensee has just been convicted of a driving while impaired (DWI). According to GS93A, reporting to the North Carolina Real Estate Commission must happen when? - Answer-must be within 60 days of conviction or pleading guilty. ...
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Add to cartNC Real Estate Exam Questions with Complete Solutions Latest Update A licensee has just been convicted of a driving while impaired (DWI). According to GS93A, reporting to the North Carolina Real Estate Commission must happen when? - Answer-must be within 60 days of conviction or pleading guilty. ...
NC Real Estate Exam Questions with 100% Correct Answers (A+ Rated) individuals? - Answer-Broker Broker Alice is struggling to drum up interest in her listing. When she finally gets a nibble from a prospective buyer, she does her best to portray the property in a positive light. For example, sh...
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Add to cartNC Real Estate Exam Questions with 100% Correct Answers (A+ Rated) individuals? - Answer-Broker Broker Alice is struggling to drum up interest in her listing. When she finally gets a nibble from a prospective buyer, she does her best to portray the property in a positive light. For example, sh...
NC Real Estate Exam Midterm Review Units 1-10 Questions with Correct Answers Which of the following is true in regards to supply and demand in real estate? A. When demand increases and supply increases, prices tend to increase B. As demand decreases and supply increases, prices tend to increase...
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Add to cartNC Real Estate Exam Midterm Review Units 1-10 Questions with Correct Answers Which of the following is true in regards to supply and demand in real estate? A. When demand increases and supply increases, prices tend to increase B. As demand decreases and supply increases, prices tend to increase...
NC Real Estate Exam Chapter 2 Questions and Answers air rights - Answer-rights to use the air above the land riparian rights - Answer-granted to owners of land located along the course of a river, stream or lake giving the owner unrestricted right to use the water, provided such use does not h...
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Add to cartNC Real Estate Exam Chapter 2 Questions and Answers air rights - Answer-rights to use the air above the land riparian rights - Answer-granted to owners of land located along the course of a river, stream or lake giving the owner unrestricted right to use the water, provided such use does not h...
NC Real Estate Exam Chapter 1 Questions with Complete Solutions Latest real estate (realty) - Answer-land at, above and below the earth's surface, including all things permanently attached to it, whether natural or artificial. real property - Answer-as the land itself, the improvements thero...
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Add to cartNC Real Estate Exam Chapter 1 Questions with Complete Solutions Latest real estate (realty) - Answer-land at, above and below the earth's surface, including all things permanently attached to it, whether natural or artificial. real property - Answer-as the land itself, the improvements thero...
NC Real Estate Chapter 11 Exam Questions and Answers What is the acceleration clause? - Answer-When a borrower defaults on a loan it is due and payable in full Alienation clasue comes into play when? - Answer-When a house is sold. The full amount of the balanced become due. We use simple inte...
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Add to cartNC Real Estate Chapter 11 Exam Questions and Answers What is the acceleration clause? - Answer-When a borrower defaults on a loan it is due and payable in full Alienation clasue comes into play when? - Answer-When a house is sold. The full amount of the balanced become due. We use simple inte...
NC Real Estate Chapter 8 Exam Questions and Answers Valid Contract - Answer-Complies with all the essential elements of a contract. Void Contract - Answer-A contract that has no legal force or effect. Voidable Contract - Answer-A contract that seems to be valid on the surface, but may be re...
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Add to cartNC Real Estate Chapter 8 Exam Questions and Answers Valid Contract - Answer-Complies with all the essential elements of a contract. Void Contract - Answer-A contract that has no legal force or effect. Voidable Contract - Answer-A contract that seems to be valid on the surface, but may be re...
NC Real Estate- Chapter 5 Exam Questions and Answers NC Inestate Succession Act - Answer-The State law of descent that dictates distribution of the real and personal property of the deceased that died without a will. Abstract of Title - Answer-A condensed history of a title. Foreclosure - A...
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Add to cartNC Real Estate- Chapter 5 Exam Questions and Answers NC Inestate Succession Act - Answer-The State law of descent that dictates distribution of the real and personal property of the deceased that died without a will. Abstract of Title - Answer-A condensed history of a title. Foreclosure - A...
NC Real Estate Chapter 3 Exam Questions and Answers Special Assessment Lien - Answer-A judgement against the property owner for improvements made to the property by the county or city. A specific, involuntary lien. Valid for 10 years. HP Mechanic's Lien - Answer-A judgement on the property ow...
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Add to cartNC Real Estate Chapter 3 Exam Questions and Answers Special Assessment Lien - Answer-A judgement against the property owner for improvements made to the property by the county or city. A specific, involuntary lien. Valid for 10 years. HP Mechanic's Lien - Answer-A judgement on the property ow...
NC Real Estate Chapter 2 Exam Questions and Answers Non-navigable water way - Answer-water way that can not be use for commercial business Navigable water way - Answer-Commercial business can use Foreshore - Answer-gap between high tide and low tide Accretion - Answer-increase in land re...
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Add to cartNC Real Estate Chapter 2 Exam Questions and Answers Non-navigable water way - Answer-water way that can not be use for commercial business Navigable water way - Answer-Commercial business can use Foreshore - Answer-gap between high tide and low tide Accretion - Answer-increase in land re...
NC real estate broker pre-licensing exam questions and answers Deed restrictions - Answer-Private agreements that govern the use of land Lien - Answer-A claim that a party has against the property of another to secure payment of a debt Easement in gross - Answer-An easement given to a utili...
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Add to cartNC real estate broker pre-licensing exam questions and answers Deed restrictions - Answer-Private agreements that govern the use of land Lien - Answer-A claim that a party has against the property of another to secure payment of a debt Easement in gross - Answer-An easement given to a utili...
NC Real Estate - Notes for Final Exam Questions and Answers Exclusive Agency Listing - Answer-If owner sells then the owner still owes the listing firm the commission CANSPAM - Answer-The "Mail System" does not apply Square Footage - Answer-Length x Width = Square Footage The room or ...
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Add to cartNC Real Estate - Notes for Final Exam Questions and Answers Exclusive Agency Listing - Answer-If owner sells then the owner still owes the listing firm the commission CANSPAM - Answer-The "Mail System" does not apply Square Footage - Answer-Length x Width = Square Footage The room or ...
NC Real Estate Exam Questions and Answers (Latest) What must broker Pete disclose in the written agency contract with seller Josh? - Answer-All compensation Josh will pay for brokerage services. Which business entity is NOT required to have a firm license issued by the North Carolina Real Esta...
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Add to cartNC Real Estate Exam Questions and Answers (Latest) What must broker Pete disclose in the written agency contract with seller Josh? - Answer-All compensation Josh will pay for brokerage services. Which business entity is NOT required to have a firm license issued by the North Carolina Real Esta...
NC Broker PSI State Portion Exam Questions with 100% Correct Answers The North Carolina Real Estate Commission consists of A. Seven members nominated by the Governor and appointed by the General Assembly B. Nine members, all appointed by the Governor C. Nine members, seven appointed by the G...
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Add to cartNC Broker PSI State Portion Exam Questions with 100% Correct Answers The North Carolina Real Estate Commission consists of A. Seven members nominated by the Governor and appointed by the General Assembly B. Nine members, all appointed by the Governor C. Nine members, seven appointed by the G...
N.C. Real estate pre-licensing Exam Questions with Complete Answers Broker - Answer-Acts as an agent who negotiated the sale, purchase or rental of property on behalf of others for a fee/commission Categories of real estate - Answer-1)residential 2)commercial 3)industrial 4)agricultural 5)sp...
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Add to cartN.C. Real estate pre-licensing Exam Questions with Complete Answers Broker - Answer-Acts as an agent who negotiated the sale, purchase or rental of property on behalf of others for a fee/commission Categories of real estate - Answer-1)residential 2)commercial 3)industrial 4)agricultural 5)sp...
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