North Carolina 75-Hour Broker Pre-
licensing Final Exam (PASSED
Attempt) (2025) comprehensive
questions and verified detailed
solutions ( MULTIPLE CHOICES)
|100% CORRECT!!
Save
Terms in this set (56)
,Why might a The existing loan has a lower interest
buyer want to rate than current market rates.
ASSUME a
LOAN? - ASSUMPTIONS are advantageous to
a buyer if current interest rates are
The buyer doesn't high and the existing loan was
want to follow a originated when interest rates were
lender low.
qualification - Buyers may still have to qualify,
process. however.
The existing loan
has a lower
interest rate than
current market
rates.
The principal
remaining on the
existing loan is
low.
The transfer of
the property
won't need to be
approved by the
lender if the loan
is assumed.
,Which of the The taxpayer lived in the home at
following least 2 of the 5 years immediately
describes the preceding the sale, with an exclusion
appropriate of up to:
capital gains - $250,000 for SINGLE taxpayers,
exclusion for a - $500,000 for COUPLES filing jointly.
taxpayer's
primary
residence?
The taxpayer
lived in the home
at least five of the
seven years
immediately
preceding the
sale, with an
exclusion of up to
$125,000 for
single taxpayers,
$250,000 for
couples filing
jointly.
The taxpayer
lived in the home
at least five of the
, seven years
immediately
preceding the
sale, with an
exclusion of up to
$250,000 for
single taxpayers,
$500,000 for
couples filing
jointly.
The taxpayer
lived in the home
at least two of the
five years
immediately
preceding the
sale, with an
exclusion of up to
$125,000 for
single taxpayers,
$250,000 for
couples filing
jointly.
The taxpayer
lived in the home
licensing Final Exam (PASSED
Attempt) (2025) comprehensive
questions and verified detailed
solutions ( MULTIPLE CHOICES)
|100% CORRECT!!
Save
Terms in this set (56)
,Why might a The existing loan has a lower interest
buyer want to rate than current market rates.
ASSUME a
LOAN? - ASSUMPTIONS are advantageous to
a buyer if current interest rates are
The buyer doesn't high and the existing loan was
want to follow a originated when interest rates were
lender low.
qualification - Buyers may still have to qualify,
process. however.
The existing loan
has a lower
interest rate than
current market
rates.
The principal
remaining on the
existing loan is
low.
The transfer of
the property
won't need to be
approved by the
lender if the loan
is assumed.
,Which of the The taxpayer lived in the home at
following least 2 of the 5 years immediately
describes the preceding the sale, with an exclusion
appropriate of up to:
capital gains - $250,000 for SINGLE taxpayers,
exclusion for a - $500,000 for COUPLES filing jointly.
taxpayer's
primary
residence?
The taxpayer
lived in the home
at least five of the
seven years
immediately
preceding the
sale, with an
exclusion of up to
$125,000 for
single taxpayers,
$250,000 for
couples filing
jointly.
The taxpayer
lived in the home
at least five of the
, seven years
immediately
preceding the
sale, with an
exclusion of up to
$250,000 for
single taxpayers,
$500,000 for
couples filing
jointly.
The taxpayer
lived in the home
at least two of the
five years
immediately
preceding the
sale, with an
exclusion of up to
$125,000 for
single taxpayers,
$250,000 for
couples filing
jointly.
The taxpayer
lived in the home
