Superior NC Real Estate Final Exam 2026 | All
Questions and Correct Answers | Verified
Answers | Graded A+ | Just Released
When a landlord is responsible for the payment of taxes, insurance and mortgage
payments, and the tenant is required to only pay rent, the lease is a(n):
A. Net Lease
B. Gross Lease
C. Ground Lease
D. Index Lease ------------Correct Answer--------------------B. Gross Lease
In a gross lease the tenant makes a lump sum payment for the amount of the
rent and the landlord is responsible for these expenses. The tenant pays nothing
extra.
An attorney of fact is best described as
A. a fiduciary to his principal
B. an agent
C. an attorney
D. a client ------------Correct Answer--------------------A. a fiduciary to his principal
Which of the following is not essential to a general warranty deed for real estate?
A. signature of buyer
, B. Signature of seller
C. Covenant of seisin
D. a legal description of real estate ------------Correct Answer--------------------A.
Signature of buyer
The initial maximum deposit in a NC trust account by a broker who is depositing
their own funds is:
A. $50, or whatever the financial institution requires
B. $100, or whatever the financial institution requires
C. $500, or whatever the financial institution requires
D. $1,000, or whatever the financial institution requires ------------Correct Answer--
------------------B. $100 or whatever the financial institution requires
When is the developer of a time share project required to deliver the public
offering statement to the purchaser?
A. within a reasonable time
B. Prior to day of closing
C. upon initial contact with the buyer
D. Prior to buyers submission of an offer ------------Correct Answer--------------------
D. prior to buyers submission of an offer
What is an executory contract?
Questions and Correct Answers | Verified
Answers | Graded A+ | Just Released
When a landlord is responsible for the payment of taxes, insurance and mortgage
payments, and the tenant is required to only pay rent, the lease is a(n):
A. Net Lease
B. Gross Lease
C. Ground Lease
D. Index Lease ------------Correct Answer--------------------B. Gross Lease
In a gross lease the tenant makes a lump sum payment for the amount of the
rent and the landlord is responsible for these expenses. The tenant pays nothing
extra.
An attorney of fact is best described as
A. a fiduciary to his principal
B. an agent
C. an attorney
D. a client ------------Correct Answer--------------------A. a fiduciary to his principal
Which of the following is not essential to a general warranty deed for real estate?
A. signature of buyer
, B. Signature of seller
C. Covenant of seisin
D. a legal description of real estate ------------Correct Answer--------------------A.
Signature of buyer
The initial maximum deposit in a NC trust account by a broker who is depositing
their own funds is:
A. $50, or whatever the financial institution requires
B. $100, or whatever the financial institution requires
C. $500, or whatever the financial institution requires
D. $1,000, or whatever the financial institution requires ------------Correct Answer--
------------------B. $100 or whatever the financial institution requires
When is the developer of a time share project required to deliver the public
offering statement to the purchaser?
A. within a reasonable time
B. Prior to day of closing
C. upon initial contact with the buyer
D. Prior to buyers submission of an offer ------------Correct Answer--------------------
D. prior to buyers submission of an offer
What is an executory contract?
