Superior Real Estate School 1-10 Review Exam Questions And Answers 100% Verified

Superior Real Estate School 1-10 Review Exam Questions And Answers 100% Verified 18 months to complete - answer3 30 hour post licensing courses Failure to pay renewal fee by ____ will result in a _____ status failure to complete CE by_____ means your license will____ on ____ - answer-pAy = Expire June 10th cutoff for ce, be inactive on midnight june 30th Unlicensed assistants (in a residential sales office) can... cannot... - answerCan- complete preprinted forms, perform admin duties, schedule appointments Cannot-show properties, cold call, cannot sit in for open houses, cannot work directly with clients Unlicensed assistants (in property management office) can... cannot... - answerCan- accept monies, show rental propeties, accept applications Cannot- negotiate leases or deposits NCREC How many members total? How many appointed from governor? How many appointed legislative? Minimum number of licensees? Minimum number of laypeople? Who is the chair elected by? - answer-9 total members -7 governor appointees -2 legislative appointees -3 licensees -2 laypeople -elected by the commission NCREC Disciplinary Actions - answer-Reprimand -Censure -Suspend -Revoke -Take license -Not fine you (unless you are a time share developer) Bundle of Rights - answer(DEEPC) Disposition Exclusion Enjoyment Possession Control Location or____ is the___ - answerSITUS most important factor in economic charateristic Economic Characteristics of Real property - answerSLIP - Scarcity, Location, Improvements, Permanence Fructus Industriales- Fructus Naturales- - answerIndustriales- "fruits of your labor", considered chattel Emblements- right of a tenant to crops that were fruits of their labor Naturales- "fruits of nature" considered part of the property Riparian- Littoral- - answerriparian-flowing water littoral-standing water both are often tied to navigation rights