NORTH CAROLINA REAL ESTATE EXAM
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PRACTICE QUESTIONS, CORRECT ANSWERS
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Updated 2026 Questions and Answers
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,Annette really wants to move to San Francisco, but she's scarcity
unsure whether she'll be able to afford to live there. Housing is
very expensive because there simply is no room to build any
new housing units. Which economic characteristic does this
reflect?
What's the best definition of real property? Real estate, plus all of the interests, benefits, and rights included in ownership
Jacob is a developer who purchased 78 acres and had it Permanence
subdivided into half-acre lots. He decided to install sewer and
underground electric for the entire subdivision, because he
thinks that he will easily recoup his initial infrastructure
investment. This is an example of which economic
characteristic of real property?
Which of the following best describes the goal of To ensure the health, safety, and welfare of its citizens
governmental land use controls?
Residential, commercial, and industrial are submarkets within Property Type
which real estate market segment?
When appraiser Kate appraises a property, which of the Whether the neighborhood is increasing, stable, or declining
following pieces of information should she include in the
report?
Which one of the following options provides three valid Easement, lien, deed restriction
examples of a private land use control?
When both supply and demand increase, what tends to Stay the same
happen to prices?
For most residential properties, the highest and best use of Current Use
the property is relatively obvious. What is it?
,The Sanchezes learned that the home they recently purchased Private land use control
has a limitation built in to the deed affecting what sort of
aesthetic changes they can make to the outside of their home.
This limitation is imposed by the home's builder, a small,
family-owned construction company. What kind of limitation is
this?
Which term means "for another's life"? Pur autre vie
What's the difference between reversionary interest and With reversionary interest, the property reverts to the owner after the death of the life
remainder interest in a property? tenant. With remainder interest, the title to the property goes to a named third party
following the death of the life tenant.
Some plants are considered personal property. Which of the Fruits of industry
following type of plant is considered personal property?
In real estate, what are emblements? Cultivated crops
In regard to fixtures, what does the NC Uniform Commercial The right to repossess
Code grant creditors?
Noah is a major barbecue freak. He loves cooking just about Annexation
everything over flames. As a birthday gift, his wife had a
beautiful brick barbecue pit built on the edge of their patio.
What is this an example of?
Kyle owns six acres of land with 400 feet of river frontage. He Riparian
wants to build a beach along the river bank to make it easier
to swim in the river. He can do this because as the owner of
river frontage, he has ________ rights.
Agricultural fixtures, even if they are installed by a tenant, are Real property
_______.
Which act created federal regulations for the construction of National Manufactured Housing Construction and Safety Standards Act of 1976
manufactured homes?
, Riparian rights grant usage of water on a property owner's It doesn't adversely affect landowners both up- and downstream
land as long as _______.
The term _______ is used to describe units manufactured before Mobile home
1976.
Antonio's aging mother needs a place to live out her last An ordinary life
years. He conveys a home to her, but only for the length of
her lifetime. This is known as _______ estate.
A _______ is built off-site in pieces according to the state building Modular home
code and is issued a state inspection label with a barcode.
Property ownership gives the title holder a bundle of rights. It describes the ability to separate one right from the others while leaving the rest of the
What's significant about the concept of a bundle of rights? bundle intact.
Max and Heather bought a cute beachside bungalow six years A fee simple
ago. Their estate has no specified end date, and their heirs
may inherit it. They have all the rights and privileges you can
have in land. This is an example of _______ estate.
Property owner Craig likes to sunbathe in the nude in his nice, Enjoyment
private backyard. What part of the bundle of rights allows him
to do this legally?
Lance purchased a home, but he won't own any real estate— A cooperative
just shares in a corporation. This is because his new home is
______.
Which of the following trusts is created according to the terms Testamentary
of the will of a deceased person?
In which form of co-ownership is a person's ownership Tenancy in common
inheritable?
Under a land trust, the owner directs a ______ to hold title to the Corporate fiduciary
real estate.
PREP | COMPREHENSIVE STUDY GUIDE,
PRACTICE QUESTIONS, CORRECT ANSWERS
AND EXAM REVIEW
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,Annette really wants to move to San Francisco, but she's scarcity
unsure whether she'll be able to afford to live there. Housing is
very expensive because there simply is no room to build any
new housing units. Which economic characteristic does this
reflect?
What's the best definition of real property? Real estate, plus all of the interests, benefits, and rights included in ownership
Jacob is a developer who purchased 78 acres and had it Permanence
subdivided into half-acre lots. He decided to install sewer and
underground electric for the entire subdivision, because he
thinks that he will easily recoup his initial infrastructure
investment. This is an example of which economic
characteristic of real property?
Which of the following best describes the goal of To ensure the health, safety, and welfare of its citizens
governmental land use controls?
Residential, commercial, and industrial are submarkets within Property Type
which real estate market segment?
When appraiser Kate appraises a property, which of the Whether the neighborhood is increasing, stable, or declining
following pieces of information should she include in the
report?
Which one of the following options provides three valid Easement, lien, deed restriction
examples of a private land use control?
When both supply and demand increase, what tends to Stay the same
happen to prices?
For most residential properties, the highest and best use of Current Use
the property is relatively obvious. What is it?
,The Sanchezes learned that the home they recently purchased Private land use control
has a limitation built in to the deed affecting what sort of
aesthetic changes they can make to the outside of their home.
This limitation is imposed by the home's builder, a small,
family-owned construction company. What kind of limitation is
this?
Which term means "for another's life"? Pur autre vie
What's the difference between reversionary interest and With reversionary interest, the property reverts to the owner after the death of the life
remainder interest in a property? tenant. With remainder interest, the title to the property goes to a named third party
following the death of the life tenant.
Some plants are considered personal property. Which of the Fruits of industry
following type of plant is considered personal property?
In real estate, what are emblements? Cultivated crops
In regard to fixtures, what does the NC Uniform Commercial The right to repossess
Code grant creditors?
Noah is a major barbecue freak. He loves cooking just about Annexation
everything over flames. As a birthday gift, his wife had a
beautiful brick barbecue pit built on the edge of their patio.
What is this an example of?
Kyle owns six acres of land with 400 feet of river frontage. He Riparian
wants to build a beach along the river bank to make it easier
to swim in the river. He can do this because as the owner of
river frontage, he has ________ rights.
Agricultural fixtures, even if they are installed by a tenant, are Real property
_______.
Which act created federal regulations for the construction of National Manufactured Housing Construction and Safety Standards Act of 1976
manufactured homes?
, Riparian rights grant usage of water on a property owner's It doesn't adversely affect landowners both up- and downstream
land as long as _______.
The term _______ is used to describe units manufactured before Mobile home
1976.
Antonio's aging mother needs a place to live out her last An ordinary life
years. He conveys a home to her, but only for the length of
her lifetime. This is known as _______ estate.
A _______ is built off-site in pieces according to the state building Modular home
code and is issued a state inspection label with a barcode.
Property ownership gives the title holder a bundle of rights. It describes the ability to separate one right from the others while leaving the rest of the
What's significant about the concept of a bundle of rights? bundle intact.
Max and Heather bought a cute beachside bungalow six years A fee simple
ago. Their estate has no specified end date, and their heirs
may inherit it. They have all the rights and privileges you can
have in land. This is an example of _______ estate.
Property owner Craig likes to sunbathe in the nude in his nice, Enjoyment
private backyard. What part of the bundle of rights allows him
to do this legally?
Lance purchased a home, but he won't own any real estate— A cooperative
just shares in a corporation. This is because his new home is
______.
Which of the following trusts is created according to the terms Testamentary
of the will of a deceased person?
In which form of co-ownership is a person's ownership Tenancy in common
inheritable?
Under a land trust, the owner directs a ______ to hold title to the Corporate fiduciary
real estate.
