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Exam (elaborations)

SUPERIOR REAL ESTATE SCHOOL – EXAM 2025/2026 – COMPLETE QUESTION SET WITH VERIFIED ANSWERS

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This document contains the full exam bank for Superior Real Estate School covering the 2025/2026 period. It provides hundreds of multiple-choice questions with verified answers and explanations on North Carolina real estate principles, contracts, licensing law, agency relationships, property ownership, land use controls, deeds, liens, appraisals, financing, property management, and taxation. Designed as a comprehensive study and practice resource, it is ideal for exam preparation and real estate license review.

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Institution
SUPERIOR REAL ESTATE SCHOOL
Course
SUPERIOR REAL ESTATE SCHOOL

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Uploaded on
September 17, 2025
Number of pages
148
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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SUPERIOR REAL ESTATE SCHOOL –
EXAM 2025/2026 – COMPLETE
QUESTION SET WITH VERIFIED
ANSWERS


All of the following are physical characteristics of land except:




A. Indestructibility


B. Uniqueness


C. Immobility


D. Scarcity - ANSWER ⬛ D. Scarcity




Under the doctrine of specific performance, the party harmed by breach of a real estate

contract can ask a judge to force the breaching party to carry out the terms of the contract

rather than order the breaching party to pay monetary damages. Which physical characteristic

of land is the basis for the doctrine of specific performance?

,A. Indestructibility


B. Uniqueness


C. Immobility


D. Permanence of Investment - ANSWER ⬛ B. Uniqueness




Which of the following is considered to have the greatest impact on the value of a property?




A. Area Preference


B. Permanence of Investment


C. Scarcity


D. Uniqueness - ANSWER ⬛ A. Area Preference




The concept by which land would increase automatically along a river or stream is known as:




A. Accretion


B. Littoral Rights

,C. Avulsion


D. Reliction - ANSWER ⬛ A. Accretion




The owner of a house wants to fence the yard for a dog. When the fence is erected, the fencing

materials are converted to real estate by:




A. Severance


B. Annexation


C. Immobility


D. Indestructibility - ANSWER ⬛ B. Annexation




A deed conveyed ownership to a grantee "so long as the existing building on the property is not

destroyed." Following the transfer, the original grantor has what type of interest?




A. Life Estate


B. ongoing ownership in the property that lasts as long as the condition


C. Fee Simple Estate


D. Reversionary Estate - ANSWER ⬛ D. Reversionary Estate

, A woman conveys a life estate to her son-in-law and stipulates that upon his death the estate

will pass to her grandson. The grandson has an:




A. Estate in Reversion


B. Estate in Remainder


C. Estate Pur Autre Vie


D. Estate for the life of another - ANSWER ⬛B. Estate in Remainder




A person who acquired ownership that can be inherited, with the provision "that the land must

always be used for recreational purposes," has:




A. a fee simple absolute estate


B. a defeasible fee


C. a fee simple to a condition subsequent estate


D. an estate that cannot be sold - ANSWER ⬛ B. a defeasible fee

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