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Nc Post Licensing 301 Practice Bundled Tests Script Tested Questions And Correct Solutions View Ahead Prep Updated

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NC POST LICENSING 301 PRACTICE BUNDLED TESTS SCRIPT TESTED QUESTIONS AND CORRECT SOLUTIONS VIEW AHEAD PREP UPDATED

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NC POST LICENSING 301 PRACTICE
BUNDLED TESTS SCRIPT TESTED
QUESTIONS AND CORRECT SOLUTIONS
VIEW AHEAD PREP UPDATED

⩥ Upfits (VIP).
Answer: Commercial lease or sale in which OWNER makes and
pays for repairs or improvement


⩥ Passthrough provisions in commercial real estate are.
Answer: Taxes, Insurance, and Maintenance


⩥ Net lease with Base Years Stop (BYS).
Answer: Means the owner pays on the pass through provisions
the first year and the tenant pays in the subsequent years that is
over the base year amount


⩥ Absorption Study - VIP.
Answer: analyzing the amount of space leased and vacant over a
particular period of time

, ⩥ Key factors that affect commercial real estate.
Answer: Location
Area demographics
Traffic patterns
Income levels
Growth
Trends


⩥ Retail spaces are usually leased.
Answer: square foot as an annual dollar amount


⩥ In a Commercial Purchase a common practice is to.
Answer: Use Letters of Intent before a final purchase contract is
created by parties


⩥ Inspection period in a commercial purchase is.
Answer: 10 day free look period


⩥ Property used in a trade or business may qualify for tax.
Answer: depreciation

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