NC REAL ESTATE UNIT 1 QUESTIONS WITH
100% ACCURATE ANSWERS
Broker - accurate answers 1. One who acts as an imtermediary on behalf of
others for fee or commission 2. One who is licensed to list, lease, buy, exchange,
auction, negotiate, or sell interest in real estate to others for a fee
Business cycles - accurate answers the upward and downward fluctuations in
business activities generally characterized by four stages: expansion, recession,
depression, and revivial
Chattel - accurate answers personal property
Demand - accurate answers the amount of goods and services people are willing
to buy at a given price
Herediatments - accurate answers any interests in real estate capable of being
inherited
Heterogeneity - accurate answers state of being dissimilar, composition from
unlike elements
Highest and best use - accurate answers the possible use of a property that
would produce the greatest net income and thereby develop the highest value.
Land - accurate answers the earths surface extending downward to the center of
the earth and infinitely into space, including all things permanentley attached
Market - accurate answers a place where goods can be bought and sold and
value established.
Nonhomgeneity - accurate answers a lack of uniformity; dissimilarity;
heterogeneity. Because no two parcels are exactly alike, real estate is nonhomogeneic
Nonprovisional broker - accurate answers a north carolina real estate licensee
that has completed the 90-hour post licensing education to remove the provisional
license status; also called a full broker.
Personal property - accurate answers all property not classified as real property
Personalty - accurate answers personal property
Provisional broker - accurate answers a real estate licensee who performs real
estate activities under the supervision of a licensed broker-in-charger b618
100% ACCURATE ANSWERS
Broker - accurate answers 1. One who acts as an imtermediary on behalf of
others for fee or commission 2. One who is licensed to list, lease, buy, exchange,
auction, negotiate, or sell interest in real estate to others for a fee
Business cycles - accurate answers the upward and downward fluctuations in
business activities generally characterized by four stages: expansion, recession,
depression, and revivial
Chattel - accurate answers personal property
Demand - accurate answers the amount of goods and services people are willing
to buy at a given price
Herediatments - accurate answers any interests in real estate capable of being
inherited
Heterogeneity - accurate answers state of being dissimilar, composition from
unlike elements
Highest and best use - accurate answers the possible use of a property that
would produce the greatest net income and thereby develop the highest value.
Land - accurate answers the earths surface extending downward to the center of
the earth and infinitely into space, including all things permanentley attached
Market - accurate answers a place where goods can be bought and sold and
value established.
Nonhomgeneity - accurate answers a lack of uniformity; dissimilarity;
heterogeneity. Because no two parcels are exactly alike, real estate is nonhomogeneic
Nonprovisional broker - accurate answers a north carolina real estate licensee
that has completed the 90-hour post licensing education to remove the provisional
license status; also called a full broker.
Personal property - accurate answers all property not classified as real property
Personalty - accurate answers personal property
Provisional broker - accurate answers a real estate licensee who performs real
estate activities under the supervision of a licensed broker-in-charger b618
