ACEABLE AGENT NC REAL ESTATE
EXAM QUESTIONS AND ANSWERS
2026 VERIFIED.
Accession - ANS The right to all that one's own property produces, including that which is
added, either naturally or by human action, to the property already owned. It can also be
defined as increasing, adding, or coming to possess a right.
Accretion - ANS The process that results in the gradual increase in land area through deposits
of soil or by natural forces.
Erosion - ANS The gradual loss of land over time.
Reliction - ANS The gradual increase in land area when water gradually withdraws.
Avulsion - ANS The sudden loss of land by flood or when a stream or river changes course.
Alluvion - ANS The soil that gets deposited in accretion
Difference between change in land due to accretion vs avulsion - ANS Accretion is gradual,
avulsion is sudden - usually it is determined by courts.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 8
, Scarcity - ANS The economic characteristic that informs the economic principle of supply /
demand ; the supply of land will never increase, but the demand for land will increase as the
population grows; ergo land is scarce
Situs - ANS The economic significance of a property's location
Improvements - ANS Any non-natural structure built on or affixed to land. They affect the
value of the land.
Permanence of investment - ANS Since land is immobile, investors must consider the long-
term investment of purchasing land.
Public Land-use Controls - ANS These are government-issued land-use controls such as zoning
ordinances, subdivision regulations,and building codes.
Private Land-use Controls - ANS Controls that are put into place by non-governmental
entities, such as real estate developers - most commonly, these come in the form of deed
restrictions.
Government Ownership of Land - ANS The role of government to own and maintain public
land such as streets, highways, and parks.
Plottage - ANS The increase in value by successful assemblage
Assemblage - ANS The act of combining parcels
Real Property - ANS The land from the surface to the center of the earth and upward into
space, all attachments, and the bundle of legal rights of ownership.
Bundle of rights - ANS The things you can do with the land you own including:
1. The right of possession
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 8
EXAM QUESTIONS AND ANSWERS
2026 VERIFIED.
Accession - ANS The right to all that one's own property produces, including that which is
added, either naturally or by human action, to the property already owned. It can also be
defined as increasing, adding, or coming to possess a right.
Accretion - ANS The process that results in the gradual increase in land area through deposits
of soil or by natural forces.
Erosion - ANS The gradual loss of land over time.
Reliction - ANS The gradual increase in land area when water gradually withdraws.
Avulsion - ANS The sudden loss of land by flood or when a stream or river changes course.
Alluvion - ANS The soil that gets deposited in accretion
Difference between change in land due to accretion vs avulsion - ANS Accretion is gradual,
avulsion is sudden - usually it is determined by courts.
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 8
, Scarcity - ANS The economic characteristic that informs the economic principle of supply /
demand ; the supply of land will never increase, but the demand for land will increase as the
population grows; ergo land is scarce
Situs - ANS The economic significance of a property's location
Improvements - ANS Any non-natural structure built on or affixed to land. They affect the
value of the land.
Permanence of investment - ANS Since land is immobile, investors must consider the long-
term investment of purchasing land.
Public Land-use Controls - ANS These are government-issued land-use controls such as zoning
ordinances, subdivision regulations,and building codes.
Private Land-use Controls - ANS Controls that are put into place by non-governmental
entities, such as real estate developers - most commonly, these come in the form of deed
restrictions.
Government Ownership of Land - ANS The role of government to own and maintain public
land such as streets, highways, and parks.
Plottage - ANS The increase in value by successful assemblage
Assemblage - ANS The act of combining parcels
Real Property - ANS The land from the surface to the center of the earth and upward into
space, all attachments, and the bundle of legal rights of ownership.
Bundle of rights - ANS The things you can do with the land you own including:
1. The right of possession
@COPYRIGHT ALL RIGHTS RESERVED PAGE 2 OF 8
