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

Real Estate Exam - State Portion - NC - Study Cards Questions and Answers The purpose of the NCREC is to protect the public. - Answer-True 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 estate license only not the court system. - Answer-True The NCREC can not give licensees advice on the validity of a contract. The NCR...

NC real estate broker pre-licensing exam Questions and Answers! 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 u...

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...

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...

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 2024- real estate broker pre-licensing Exam Latest Update with Verified Solutions 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 restri...

Superior Final Exam Questions and Answers All of the following factors would affect supply, EXCEPT: -Answer-population When the supply of a commodity decreases: -Answer-prices tend to rise All of the following are physical characteristics of land, EXCEPT: -Answer-scarcity All of the following are required of a candidate to obtain a NC Real Estate Brokers License, EXCEPT: -Answer-high school diploma Which of the following is correct regarding the educational requirements of a provisional b...

NC Superior Real Estate School - Chapter 1 Exam Chapter 1 Vocabulary: Basic Real Estate Concepts -Answer-Chapter 1 Vocabulary: Basic Real Estate Concepts Bill of Sale -Answer-Investment used to transfer the ownership of personal property to real property Chattel -Answer-Another name for personal property (Movables, which are not annexed to or part of, the land; also referred to as chattels.) Closing -Answer-The event at which the real estate contract is finally performed. (quizlet) Free ...

Superior School of Real Estate (NC Real Estate Prelicensing) Exam Questions and Answers Bundle of Rights -Answer-Right to possession of the property: the right of quiet enjoyment of the property; the right to exclude others; the right to dispose of the property by gift, by sale, or by will; and the right to control the use of the property and profits within the limits of the law Tenements -Answer-All corporeal and incorporeal rights in land Corpreal Rights -Answer-Tangible things Incorpre...