Nc real estate exam Study guides, Class notes & Summaries

Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 Which of the following are tax-deductible expenses resulting from home ownership? Mortgage interest and property taxes Which of the following is true regarding the $500,000 exemption, in the sale of a personal residence, for a married couple filing jointly? A married couple can use the $500,000 joint exemption if only one meets the ownership requirement, but...

Superior 303 NC Law and Rules Exam Questions and Answers sole proprietor -Answer-Full broker not affiliated with another firm Can not Advertise Can not hire other licensees Can not hold a trust account Would have to become a BIC in order to 'do it all' How long is BIC eligible status valid for? -Answer-12 months must take BIC update instead of general update each year that will renew eligibility to continue being BIC eligible Who is responsible for the advertising? -Answer-BIC Who is ...

NC Real Estate Exam Study Guide Latest Questions With All Correct Answers, 2024!!

POST 301 - NC Real Estate Exam Review | 100% Correct Answers | Verified | Latest 2024 Version

NC Real Estate Exam Questions Which statute governs the ad valorem taxation of property? A. Machinery Act B. General Statute C. The Ad Valorem Act D. Real Estate Taxation Act - A. Machinery Act This act provides a framework for listing, appraising, and assessing real and personal property Which type of valuation technique applies a standard percentage increase or decrease to all property in a specified location? A. Valuation B. County appraisal C. Mass appraisal D. There is...

NC Real Estate Exam Questions (NC State Exam 2024) Questions With Complete Solutions!!

Who must disclose material facts and to whom? - Only real estate brokers must discover and disclose material facts to everyone. All of the following are true EXCEPT: a) a listing agent has a higher duty to discover and disclose material facts because they have greater access to the property and information from the seller b) a broker who relies solely on what their client tells them does so at their peril. c) buyer agents can rely on the listing company's representations and have no duty ...

When did it become mandatory to have a license to do real estate? - July 1, 1957 When did it become mandatory to have a license to do real estate? - July 1, 1957 Who issues licenses? - NC real estate commission Who issues licenses? - NC real estate commission Do you have to be licensed to get paid for referrals? - Yes, you must have an active license Do you have to be licensed to get paid for referrals? - Yes, you must have an active license Brokerage activities requiring a lic...

Method of describing land which is NOT used in North Carolina? - ANSWER Government rectangular survey In NC, the last day that real estate taxes for the current year may be paid without penalty is? - ANSWER By January 5th of the next year A description of property that reads "Beginning at the large oak tree on the Northern line of State Road 18, approximately one mile west to the intersection state road and the Great Southern Railroad right-of-way ,north approximately 15' along the drain...

NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam Questions With VERIFIED ANSWER RATED A.NC Real Estate Exam ...

NC Real Estate Exam Prep Superior School Ch.2 Questions and Answers The concept by which land would increase automatically along a river or stream is known as: A accretion B littoral rights C avulsion D reliction -Answer-A Accretion is the gradual buildup of land along a river a stream. It increases automatically because the land owner does not have to do anything to gain the increase. It is the opposite of erosion. Which of the following is generally considered real property? A emblem...