1 Exampromax - Stuvia US 2025/2026
Aceable Agent NC Real Estate Exam Questions
and Answers (100% Correct Answers) Already
Graded A+
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.
© 2025 Assignment Expert
Exampromax - Stuvia US
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.
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
, 2 Exampromax - Stuvia US 2025/2026
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.
© 2025 Assignment Expert
Exampromax - Stuvia US
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
Aceable Agent NC Real Estate Exam Questions
and Answers (100% Correct Answers) Already
Graded A+
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.
© 2025 Assignment Expert
Exampromax - Stuvia US
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.
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
, 2 Exampromax - Stuvia US 2025/2026
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.
© 2025 Assignment Expert
Exampromax - Stuvia US
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
