Nc prelicensing exam Study guides, Class notes & Summaries

Time share - Answer- A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - Answer- Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - Answer- 5 days How long must a time share developer keep money in a trust account? - Answer- 10 days before moving to operat...

NC prelicensing exam Questions anTime share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - ANSWER 5 days How long must a time share developer keep money in a trust account? - ANSWER 10...

Time share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - ANSWER 5 days How long must a time share developer keep money in a trust account? - ANSWER 10 days before moving to operating ...

NC prelicensing exam Questions aTime share - ANSWER A right to occupy a unit during 5 or more separate time periods over a period of at least 5 years, can be freehold or non-freehold estate What are other names for a time share? - ANSWER Vacation lease, prepaid hotel reservation, club membership, limited partnership or vacation bond How long does someone have to cancel a time share contract? - ANSWER 5 days How long must a time share developer keep money in a trust account? - ANSWER 10 ...

Superior School of Real Estate (NC Real Estate Prelicensing) Exam

Superior School of Real Estate (NC Real Estate Prelicensing) Exam Questions and Answers Bundle of Rights -Answer-Right to possession of the property: the right of quiet enjoyment of the property; the right to exclude others; the right to dispose of the property by gift, by sale, or by will; and the right to control the use of the property and profits within the limits of the law Tenements -Answer-All corporeal and incorporeal rights in land Corpreal Rights -Answer-Tangible things Incorpre...

NC Real Estate prelicensing exam chapters 1 & 2 100% correct! Economic Characteristics of Land - ANSWER Scarcity, Location, Improvements, Permanence of Investment (SLIP) Physical Characteristics of Land - ANSWER Immobility, Indestructibility, Uniqueness Highest and Best Use - ANSWER The possible use of a property that would produce the greatest net income and thereby develop the highest value. supply and demand - ANSWER When supply increases and demand remains stable, prices go dow...

Superior School of Real Estate (NC Real Estate Prelicensing) Exam Questions and Answers Bundle of Rights -Answer-Right to possession of the property: the right of quiet enjoyment of the property; the right to exclude others; the right to dispose of the property by gift, by sale, or by will; and the right to control the use of the property and profits within the limits of the law Tenements -Answer-All corporeal and incorporeal rights in land Corpreal Rights -Answer-Tangible things Incorpre...

NC Real Estate prelicensing exam encumbrance - ANSWER anything that affects title to real estate. Tax liens and deed restrictions are examples. Specific liens include - ANSWER property tax and special assessment, mortgage, vendor, and construction liens. General liens include: - ANSWER affect all the property of a debtor., both real and personal, rather that a specific parcel of real property. Judgements, personal property and tax liens. Priority of Liens - ANSWER Property taxes and s...

Superior School of Real Estate NC Real Estate Prelicensing Exam And Verified Answers 2024.