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

Superior 303 NC Law and Rules Exam Questions and Answers sole proprietor -Answer-Full broker not affiliated with another firm Can not Advertise Can not hire other licensees Can not hold a trust account Would have to become a BIC in order to 'do it all' How long is BIC eligible status valid for? -Answer-12 months must take BIC update instead of general update each year that will renew eligibility to continue being BIC eligible Who is responsible for the advertising? -Answer-BIC Who is ...

NC real estate broker pre-licensing exam

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 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 broker pre-licensing exam questions and answers |verified

An unlicensed salaried assistant of a real estate broker is soliciting listings for her broker. A - This is a legal action so long as the broker does the actual listing presentation and contracting. B - This is legal as long as the assistant is not paid any portion of the commission C - It is not legal for the assistant to solicit listings for her broker. D - This is not legal unless the assistant and the broker have permission from the BIC - ANSWER C - It is not legal for the assistant to s...

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 - ANSWER A right of use or enjo...

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 broker prelicense test 2020 - Mid term Exam| 100 Questions| accurate Answers!!An unlicensed salaried assistant of a real estate broker is soliciting listings for her broker. A - This is a legal action so long as the broker does the actual listing presentation and contracting. B - This is legal as long as the assistant is not paid any portion of the commission C - It is not legal for the assistant to solicit listings for her broker. D - This is not legal unless the assistant an...

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...