Nc state real estate exam - Study guides, Class notes & Summaries
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Superior Real Estate Highlighted Points in Class Exam Questions And Answers
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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 foreclose 
NC _________ theory state -Answer-Title 
Deed of trust is the mortgage 
Trustee...... law firm 
Trustor.......Buyer 
Beneficiary. ..... Bank 
Foreclosure go through probate 
NC OTPC -Answer-...
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NC Real Estate Exam Questions
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NC Real Estate Exam Questions 
 
Which statute governs the ad valorem taxation of property? 
 
A. Machinery Act 
B. General Statute 
C. The Ad Valorem Act 
D. Real Estate Taxation Act - A. Machinery Act 
 
This act provides a framework for listing, appraising, and assessing real and personal property 
 
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...
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B Superior Test NC License Law 02 Questions and Answers
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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:Active and direct supervision of all provisional brokers -Answer-A: appointing a back at every 
location where the firm operates 
Jack, a licensee wants to make an offer to the seller on a property whic...
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NC Real Estate Exam State Portion Questions and Answers
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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 which may be taken in any order and must be completed within 3 years of the date of licensure 
C: post licensing courses end on June 10th and must be completed for the provisional broker to renew their li...
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B Superior Test NC License Law 02 Questions and Answers
- Exam (elaborations) • 17 pages • 2024
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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:Active and direct supervision of all provisional brokers -Answer-A: appointing a back at every 
location where the firm operates 
Jack, a licensee wants to make an offer to the seller on a property whic...
Too much month left at the end of the money?
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NC (North Carolina State) Real Estate Exam/ 40+ Qs with Answers & Rationales/ 2024-2025.
- Exam (elaborations) • 20 pages • 2024
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NC (North Carolina State) Real Estate Exam/ 40+ Qs with Answers & Rationales/ . 
 
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 valuation technique that is sometimes used for tax assessment purposes. It is also referred to as a horizontal adjustment. 
 
 
Which statute governs the ad valor...
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Superior Real Estate Highlighted Points in Class Exam Questions And Answers
- Exam (elaborations) • 23 pages • 2024
- Available in package deal
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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 foreclose 
NC _________ theory state -Answer-Title 
Deed of trust is the mortgage 
Trustee...... law firm 
Trustor.......Buyer 
Beneficiary. ..... Bank 
Foreclosure go through probate 
NC OTPC -Answer-...
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N.C. Real estate pre-licensing exam with correct answers 100%
- Exam (elaborations) • 23 pages • 2024
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N.C. Real estate pre-licensing exam with 
correct answers 100% 
Real property -Answer-Land & everything that is permanetly attached to the land & everything 
that is appurtenant to the land 
Personal property (personalty) -Answer-All propery that doesn't fit the definition of real 
property. CHATTLES are moveable 
Land -Answer-The earth's surface extending downwards to the center of the earth & upward to 
infinity 
Real estate (realty) -Answer-Land at, above, or below the earth's surface, inc...
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NC real estate broker pre-licensing exam
- Exam (elaborations) • 28 pages • 2024
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NC real estate broker pre-licensing exam 
Syndication -Answer-Two or more forms joining together as an entity to own real estate 
Estate in severalty -Answer-Ownership by one individual 
Concurrent ownership -Answer-Two or more persons share ownership with undivided interests 
Tenancy in common -Answer-Co-ownership without right of survivorship to other owners 
Police power -Answer-The broad right of the government to place reasonable restrictions on the 
use of privately held land 
Easement -An...
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Real Estate Exam - State Portion - NC – 2022/2023 Rated A+
- Exam (elaborations) • 24 pages • 2023
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Real Estate Exam - State Portion - NC – 2022/2023 Rated A+ There are a total of 9 members on the NC Real Estate Commission True 
All 9 members serve a 3 year term True 
All commissioners except 2 must have some active relationship to the real estate business.. Two members can have no active relationship to real estate True 
The NCREC is a government dept but is self-funded by fees paid for renewals, application fees, & other fee paid by licensees True 
The purpose of the NCREC is to protect th...
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