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

A Superior Test NC License Law 01 Questions and Answers What is the first point at which a provisional broker may begin practicing real estate in North Carolina? A:When the NCREC received notification of the provisional brokers activation with a BIC B:Upon successful completion of all coursework and required examinations C:Upon completion of all educational requirements D:Upon formal notification from the NCREC that the candidate has the successfully passed the real estate examination an...

NC License Law Superior Quizzes 100% solved What is the first point at which a provisional broker may begin practicing real estate in North Carolina? -Answer-when the NCREC receives notification of the provisional broker's activation with a BIC An unlicensed assistant may do all of the following activities, EXCEPT: -Answer-exhibit homes that are for sale and show the buyer around the home With regard to timeshares, all of the following are true, EXCEPT: -Answer-Timeshares are not conside...

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...

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...

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. ...

NC Real Estate Terms Exam Questions with Correct Answers 2024 Requirements for Licensure (Full broker) - Answer-1) Complete 3 separate 30 hour Post-Licensing classes (90 total hours) in order to remove your provisional status. 2) Must have all the classes completed and pass the class exam. Post licensing classes DO NOT count as: - Answer-Continued Education If an agent doesn't complete their continued education by every June 10th what happens? - Answer-The agent becomes inactive ...

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...

In NC, active RE license is required when: - ANSWER When assisting another broker for compensation in the providing of brokerage services. When can an unlicensed person engage in real estate activity? - ANSWER - Their own property - Attorney in fact - Attorney at law - Court-ordered sales - Trustees in foreclosure - Housing authorities

When is an active NC real estate license required? - Accurate AnswerWhen any person or entity is performing brokerage activities for consideration (payment) as an agent for others What brokerage activities require a person or firm to have a NC real estate license? - Accurate AnswerListing, leasing, buying, exchanging, auctioning, negotiating, referring, and selling. Also selling timeshares in advertising real property property in any manner. What activities do not require NC real estate li...

When did it become mandatory to have a license to do real estate? - July 1, 1957 Who issues licenses? - NC real estate commission Do you have to be licensed to get paid for referrals? - Yes, you must have an active license Brokerage activities requiring a license - 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/as...