NC REAL ESTATE PRE-LICENSE UNIT 1 QUESTIONS WITH 100% ACCURATE ANSWERS

NC REAL ESTATE PRE-LICENSE UNIT 1
QUESTIONS WITH 100% ACCURATE ANSWERS
Which of the following BEST defines real estate?
-Land and the air above it
-land and the buildings permanently affixed to it
-land and all things permanently affixed to it
-land and the mineral rights in the land - Accurate answers land and all things permanently affixed
to it

Which of the following is NOT a physical characteristic of land?
-Indestructibility
-Scarcity
-Immobility
-Uniqueness - Accurate answers Scarcity

In NC, the term provisional broker refers to?
-A REALTOR
-A licensee who must operate under the supervision of a broker-in-charge
-A licensee who must focus on specialty area of real estate
-An individual who has invested in real estate - Accurate answers A licensee who must operate
under the supervision of a broker-in-charge

Situs refers to
-View from the property
-Improvements made to the building site
-Societal factors that are related to the location
-Immobility of real estate - Accurate answers Societal factors that are related to the location

Which of the following is NOT an economic characteristic of real estate?
-Indestructibility
-Scarcity
-Permanence of Improvement
-Location - Accurate answers Indestructibility

Which of the following physical and economic factors would a land developer take into consideration
when determining the optimum use of a parcel of land?
-Transportation
-Available natural resources
-Contour and elevation
-All of these - Accurate answers All of these

A theater or hotel would be classified under the real estate category of?
-Residential
-Commercial