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

NC Real Estate Exam- State Portion Questions With 100% Correct Answers

NC Real Estate Exam Study Guide with 1005 Correct Answers |Graded A+| 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 *Ans* 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 a...

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...

NC real estate broker pre-licensing exam questions and answers Methods of terminating easements (3) - Answer-1. Merger 2. Release 3. Abandonment Express agreement (easement) - Answer-Easement is real property interest and therefore transferred by deed and typically recordsd Types of specific liens (3) - Answer-1. Government lien 2. Mechanic/construction lien 3. Mortgage Types of general liens (3) - Answer-1. Judgment lien 2. IRS or state lien 3. Personal property tax lien Jo...

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...

NC Superior Real Estate School - Chapter 1 Exam Questions and Answers 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 perf...

Superior School of Real Estate Vocab Exam 2024 Bill of Sale -Answer-Title of personal property is transferred from one entity (i.e. person) to another by use of a document called... Chapter 1 Chattle -Answer-Another word for personal property. Not used to describe personal property in NC; National word to describe personal property. Also known as Personalty. Chapter 1 Free Market -Answer-An economic system in which prices and wages are determined by unrestricted competition between busin...

NC prelicensing exam Questions anTime share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - ANSWER 5 days How long must a time share developer keep money in a trust account? - ANSWER 10...

NC Paralegal Certification Exam || Questions & Complete Answers (Graded A+) NC Paralegal Certification Exam || Questions & Complete Answers (Graded A+) Paralegal cannot . . . - ANSWER - (1) Represent a client in court; (2) offer legal advice; (3) undertake representation of a client; or (4) set fees The American Bar Association's Model Rules of Professional Conduct and Model Guidelines for the Utilization of Legal Assistant Services - ANSWER - Basis for State Rules North Carolina Stat...

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...