Nc real estate 2023 exam - Study guides, Class notes & Summaries

NC Adjuster License Practice Exam DUE 6 NOVEMBER 2023 Manny is purchasing a Commercial Property policy with a Business Income form included. Manny can select from any of the following as a method to provide coverage, while avoiding the coinsurance requirement, EXCEPT: - CORREC T ANSWER-The maximum monthly limit of indemnity optional coverage The traditional definition of actual cash value (ACV) is: - CORREC T ANSWERReplacement cost minus depreciation Sam and Dan are working to clean o...

NC Real Estate Exam Questions with Correct Solutions 2023 (Assured Success)

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