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North Carolina Real Estate (State Only Exam Review) Questions and Answers 100% Pass Which of the following statements is true regarding Ad Valorem taxation in North Carolina? 1. Real property is taxed according to its most recent sale price. 2. The Machinery Act requires reassessment tax purposes every 4 years. 3. Real property taxes and special assessments constitute an involuntary lien against property on January 1st of the next year. 4. Tax rates are effective until the next revaluation y...

Well-structured ENG1516 Assignment 1 (ANSWERS) 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).......QUESTION 1 1.1. Name one type of stereotyping that can be found in older books. (1) 1.2. Briefly explain in no more than two sentences, why it is important for a Foundation Phase teacher to examine their beliefs and assumptions. (2) [3] QUESTION 2 Read through the following excerpt from the children's play, The Tragical Comedy, or Comical Tragedy, of Punch and...

1. The lease contract stated that the renters would bring in the security deposit within five days. It is now the sixth day and the renters have not brought in the money. This is legally referred to as: - Answer- Breach 2. In dealing with the public, a licensee: - Answer- may keep silent about a material fact concerning the property if the client is the owner. d) may negotiate different commissions with different owners. 3. Escrow monies: - Answer- could include security deposits as well a...

PSI TN (State) Exam Questions & Answers 2023/2024 What is the purpose of an escrow account? - ANSWER-Keep money that doesn't belong to you SEPARATE from personal account/money Who is responsible for looking after Escrow Accounts for property? - ANSWER-Broker Another name for Escrow Money (earnest money, security deposits) is_________? - ANSWER-Trust Money When a Broker gets Escrow/Trust money and deposit into the Escrow Account they MUST do what as well? - ANSWER-The Broker must w...

Escrow Sample Test – Utah| 100 QUESTIONS| WITH COMPLETE SOLUTIONS. An Escow is an arrangement that: (Select all that apply) (A) holds documents (B) holds funds (C) creates documents to affect a transfer of interest in a property (D) acts as an attorney (E) is responsible for guaranteeing funds correct answer: (A) holds documents (B) holds funds (C) creates documents to affect a transfer of interest in a property (E) is responsible for guaranteeing funds When is it necessary to have...

Tract building - Answer- When a dev. Acquired land, records a plat map and uses a model center from which sales may be made Local level - Answer- Planning, zoning, property taxation, building and health codes and regulations, and building moratoriums that affect development play a significant role in the cost and desirability of real estate Broker associate - Answer- A licensed broker working for another broker False - Answer- A florida real estate license applicant must be a resident a...

NMLS Practice Test Hard Questions With Correct Answers 2024.A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - correct answer A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of...

Aceable Agent: Real Estate Principles: Actual Exam Questions And Correct Answers | Latest Update The Real Estate Law is found in A. The Licensing Code B. The Business and Professions Code C. The Health and Safety Code D. The Corporations Code - ANSWER B. Business and Professions Code The Real Estate Commissioner reports to a. the California Bureau of Real Estate. b. the governor. c. the Department of Housing and Urban Development. d. the legislature. - ANSWER B. the governor ...

NYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectNYREI Exam Prep 2023-2024 Questions and Answers 100% CorrectA leasehold estate that continues for a successive periods of equal length until terminated by proper notice from either party is a - ANSWER-Periodic tenancy Physical land and everything attached t...

when does the real estate agent give the seller's a copy of their listing agreement form? - immediately what are the elements needed for a valid purchase and sales agreement? - consideration (not of monetary value), in writing & lawful purpose. There does not need to be earnest money but often is a mortgage that secures both real and personal property as collateral to secure a borrower's debt - package mortgage name of the state/local sales tax debt to the seller in the transfer of prope...