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303 NC POST LICENSING EXAM ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST AND NEWEST ACTUAL EXAM /GRADED A+$18.09
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303 NC POST LICENSING EXAM ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS BEST AND NEWEST ACTUAL EXAM /GRADED A+
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Course
303 NC POST LICENSING
Institution
303 NC POST LICENSING
303 NC POST LICENSING EXAM
ACTUAL EXAM COMPLETE
ACCURATE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS BEST
AND NEWEST ACTUAL EXA303 NC POST LICENSING EXAM
ACTUAL EXAM COMPLETE
ACCURATE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS BEST
AND NEWEST ACTUAL EXAM
/GRADED A+M
/GRADED...
303 NC POST LICENSING EXAM
ACTUAL EXAM COMPLETE
ACCURATE EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS BEST
AND NEWEST ACTUAL EXAM
/GRADED A+
When an investor seeks to sell a property that is
subject to capital gains tax and invests the money in
another real estate investment, they may elect to
defer the tax by using a.. - ....ANSWER...1031 Tax
deferred exchange
A tax-deferred exchange can never be utilized when
dealing with - ....ANSWER...like kind property
In completing an exchange, a real estate licensee
should know that; - ....ANSWER...Use an exchanger
to hold and reinvest money
Strict timelines are involved
Owner may not touch the money
,Any funds that the investor/owner retains and does
not reinvest are taxable. These funds are referred to
as, - ....ANSWER...Boot
A fixed rent is also known as a gross lease and is
typically used when dealing with? -
....ANSWER...Residential property
In a gross lease, who pays all expenses including
maintenance, taxes, and insurance? -
....ANSWER...Landlord
Most commercial rentals use a - ....ANSWER...Net
lease
In a net lease, what is the tenant responsible for
paying? - ....ANSWER...- Operating expenses
- Property taxes
- Insurance
Graduated lease - ....ANSWER...A lease where rent
increases and decreases in set intervals
,The provisions that describe and define the
increases and decreases in graduated leases are
called - ....ANSWER...Escalator
Index lease - ....ANSWER...A lease that has rent
increases and decreases that are uncertain and may
or may not change based on previously determined
indices are called
Percentage lease - ....ANSWER...When the lease
contains a fixed amount plus a percentage of the
gross income or sales.
Percentage leases are most commonly found in the
rental of - ....ANSWER...Retail properties
Characteristics of a ground lease - ....ANSWER...-
Construction of buildings
- Typically long term
- Lessee gets to deduct rent
(Improvement belongs to landlord at lease end)
, Under a typical ground lease the lessee does not
typically get the rights to? - ....ANSWER...Oil and
mineral rights
NC oil, gas, and mineral lease requirements -
....ANSWER...- In writing
- Must be recorded
- Must be disclosed on transfer
Full service lease - ....ANSWER...A lease that
includes the payment of maintenance, janitorial,
landscaping, security, or other services.
The following are ways leases can be terminated: -
....ANSWER...- Full performance
- End of lease term
- Mutual cancellation
- Condemnation (eminent domain) of property
- Failure to pay or maintain
Leasing and subleasing are permitted however when
a lease is assigned what are the liabilities? -
....ANSWER...Assignor, is primarily liable
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