NC STATE PORTION STUDY REAL
ESTATE EXAM WITH ALL NEEDED TO
PASS
Within thow tmany tdays tdoes tan tagent thave tto treturn tto tthe tbuyer ta tcopy tof ttheir
toffer tthat tis tapproved tand tsigned tby tseller. t- tcorrect tanswers t-Immediately tbut tno
tlater tthan t3 tcalendar tdays
What tdoes tStandard t2-T tOffer tto tPurchase tand tContract tcontemplate twhat tthe
tbuyer tand tseller tcan tnegotiate tafter tcontract tformation? t- tcorrect tanswers t-what tis
tIN tthe t2T:
The tOffer tto tPurchase tand tContract tmay tnot tmention tcommission tpaid, t... tclosing
tcosts, tpersonal tproperty tincluded, tliens)
Personal tproperty tis tincluded tin ta tbill tof tsale
A tdual tagent treceives tmultiple toffers ton this tclient's tlisting. tHis tother tbuyer tclient
twants tto tknow twhat tthe thighest toffer tis.
Who twould thave tto tgive tpermission tfor tthat tinformation?
, t- tseller
-highest tofferor t- tcorrect tanswers t-Licensees tmay tNOT tdisclose tthe tprice tor tother
tmaterial tterms tcontained tin ta tparty's toffer tto tpurchase, tsell, tlease, trent, tor tto toption
treal tproperty tto ta tcompeting tparty twithout tthe tEXPRESS tauthority tof tthe toffering
tparty.
so twithout tthe tofferor's tpermission tthe tagent tcould tnot tdisclose ttheir toffer
What tterminates ttenancy tby tthe tentirety? t
divorce
partition
legal tseparation
tdivorce tdecree tin tregister tof tdeeds t
incapacitated
bankruptcy
tone twants tto tsell ttheir tinterest t- tcorrect tanswers t-Divorce- tUpon tdivorce, ttenancy
tby tthe tentirety tis tterminated tbecause tthe tcondition tof tmarriage tno tlonger texists.
tThe tterms tof tthe tdivorce twill tdictate twhat thappens tto tthe tproperty.
Joint tConveyance- tHusband tand twife tcan tagree tto tconvey ttitle tto tthe tproperty tto ta
tthird tparty. tThis tcan tbe tdone tthrough tgift tor tdeed.
Express tor tImplied tAgreement- tHusband tand twife tcan tagree tto tterminate tthe
ttenancy tby tthe tentirety. tIn tmost tcases, ta ttenancy tin tcommon twill tbe tformed.
Death- tUpon tthe tdeath tof ta tspouse, tthe tsurviving tspouse tinherits ttitle tto tthe twhole
tproperty.
1) tBroker tmust tkeep tdocuments tfor t3 tyears tfrom t... t- tcorrect tanswers t-1) tBroker
tmust tkeep tdocuments tfor t3 tyears tfrom tANYTHING
Whatever twas tlast tto toccur
"A tlicensed treal testate tbroker tshall tretain tfor tthree tyears tcopies tof tall tlistings,
tdeposit treceipts, tcanceled tchecks, ttrust trecords, tand tother tdocuments texecuted tby
thim tor ther tor tobtained tby thim tor ther tin tconnection twith tany ttransactions tfor twhich
ta treal testate tbroker tlicense tis trequired."
what tis tdesignated tdual tagency? t- tcorrect tanswers t-type tof tdual tagency
Both tlicensees tmust twork tfor tthe tsame tfirm
brokers tare tallowed tto tadvise- tunlike tregular t'dual tagency'
ESTATE EXAM WITH ALL NEEDED TO
PASS
Within thow tmany tdays tdoes tan tagent thave tto treturn tto tthe tbuyer ta tcopy tof ttheir
toffer tthat tis tapproved tand tsigned tby tseller. t- tcorrect tanswers t-Immediately tbut tno
tlater tthan t3 tcalendar tdays
What tdoes tStandard t2-T tOffer tto tPurchase tand tContract tcontemplate twhat tthe
tbuyer tand tseller tcan tnegotiate tafter tcontract tformation? t- tcorrect tanswers t-what tis
tIN tthe t2T:
The tOffer tto tPurchase tand tContract tmay tnot tmention tcommission tpaid, t... tclosing
tcosts, tpersonal tproperty tincluded, tliens)
Personal tproperty tis tincluded tin ta tbill tof tsale
A tdual tagent treceives tmultiple toffers ton this tclient's tlisting. tHis tother tbuyer tclient
twants tto tknow twhat tthe thighest toffer tis.
Who twould thave tto tgive tpermission tfor tthat tinformation?
, t- tseller
-highest tofferor t- tcorrect tanswers t-Licensees tmay tNOT tdisclose tthe tprice tor tother
tmaterial tterms tcontained tin ta tparty's toffer tto tpurchase, tsell, tlease, trent, tor tto toption
treal tproperty tto ta tcompeting tparty twithout tthe tEXPRESS tauthority tof tthe toffering
tparty.
so twithout tthe tofferor's tpermission tthe tagent tcould tnot tdisclose ttheir toffer
What tterminates ttenancy tby tthe tentirety? t
divorce
partition
legal tseparation
tdivorce tdecree tin tregister tof tdeeds t
incapacitated
bankruptcy
tone twants tto tsell ttheir tinterest t- tcorrect tanswers t-Divorce- tUpon tdivorce, ttenancy
tby tthe tentirety tis tterminated tbecause tthe tcondition tof tmarriage tno tlonger texists.
tThe tterms tof tthe tdivorce twill tdictate twhat thappens tto tthe tproperty.
Joint tConveyance- tHusband tand twife tcan tagree tto tconvey ttitle tto tthe tproperty tto ta
tthird tparty. tThis tcan tbe tdone tthrough tgift tor tdeed.
Express tor tImplied tAgreement- tHusband tand twife tcan tagree tto tterminate tthe
ttenancy tby tthe tentirety. tIn tmost tcases, ta ttenancy tin tcommon twill tbe tformed.
Death- tUpon tthe tdeath tof ta tspouse, tthe tsurviving tspouse tinherits ttitle tto tthe twhole
tproperty.
1) tBroker tmust tkeep tdocuments tfor t3 tyears tfrom t... t- tcorrect tanswers t-1) tBroker
tmust tkeep tdocuments tfor t3 tyears tfrom tANYTHING
Whatever twas tlast tto toccur
"A tlicensed treal testate tbroker tshall tretain tfor tthree tyears tcopies tof tall tlistings,
tdeposit treceipts, tcanceled tchecks, ttrust trecords, tand tother tdocuments texecuted tby
thim tor ther tor tobtained tby thim tor ther tin tconnection twith tany ttransactions tfor twhich
ta treal testate tbroker tlicense tis trequired."
what tis tdesignated tdual tagency? t- tcorrect tanswers t-type tof tdual tagency
Both tlicensees tmust twork tfor tthe tsame tfirm
brokers tare tallowed tto tadvise- tunlike tregular t'dual tagency'
