Nc real estate exam - Study guides, Class notes & Summaries

Who must disclose material facts and to whom? - Only real estate brokers must discover and disclose material facts to everyone. All of the following are true EXCEPT: a) a listing agent has a higher duty to discover and disclose material facts because they have greater access to the property and information from the seller b) a broker who relies solely on what their client tells them does so at their peril. c) buyer agents can rely on the listing company's representations and have no duty ...

NC Real Estate Exam Study Guide/ 660+ Qs & Ans/ 2024. Terms like: Brokerage activities requiring a license - Answer: 1. Listing/offering to list real estate for sale/rent 2. Selling/buying or offering to sell/buy 3. Leasing/renting or offering to lease/rent 4. Conducting/offering to conduct a real estate auction 5. Selling/buying/leasing/assigning/exchanging interest in real estate in connection w/sale or purchase of business Activities exempt from licensing requirement - Answer: 1. ...

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 large oak tree on the Northern line of State Road 18, approximately one mile west to the intersection state road and the Great Southern Railroad right-of-way ,north approximately 15' along the drain...

NC Real Estate Exam Questions With 100% Correct Answers 2024 land - answerEarth's surface extending downward to the center of the earth and upward to infinity, including things permanently attached by nature, such as trees and water. real estate - answerLand at, above, and below the earth's surface, including all things permanently attached to it (natural or artificial) real property - answerThe land itself, the improvements thereon, and the interests, benefits, and rights inherent in t...

NC Real Estate Exam Questions With 100% Correct Answers 2024 land - answerEarth's surface extending downward to the center of the earth and upward to infinity, including things permanently attached by nature, such as trees and water. real estate - answerLand at, above, and below the earth's surface, including all things permanently attached to it (natural or artificial) real property - answerThe land itself, the improvements thereon, and the interests, benefits, and rights inherent in t...

Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 Which of the following are tax-deductible expenses resulting from home ownership? Mortgage interest and property taxes Which of the following is true regarding the $500,000 exemption, in the sale of a personal residence, for a married couple filing jointly? A married couple can use the $500,000 joint exemption if only one meets the ownership requirement, but...

NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam ...

NC Real Estate Exam Questions With 100% Correct Answers 2024 land - answerEarth's surface extending downward to the center of the earth and upward to infinity, including things permanently attached by nature, such as trees and water. real estate - answerLand at, above, and below the earth's surface, including all things permanently attached to it (natural or artificial) real property - answerThe land itself, the improvements thereon, and the interests, benefits, and rights inherent in t...

Real Property the land and everything that is permanently attached to the land or appurtenant (goes with) the land Personal Property/Personalty all property that is not real property; movable; personal property also referred to as chattels Test of Personal versus Real Property "IRMA" Intent Relationship Method of Attachment Adaptation Land Earth's surface extending downward to the center of earth and upward to infinity;includes all things permanently attached by nature

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 increases automatically because the land owner does not have to do anything to gain the increase. It is the opposite of erosion. Which of the following is generally considered real property? A emblem...