NC POST LICENSING 301 PRACTICE
BUNDLED TESTS SCRIPT TESTED
QUESTIONS AND CORRECT SOLUTIONS
VIEW AHEAD PREP UPDATED
⩥ Upfits (VIP).
Answer: Commercial lease or sale in which OWNER makes and
pays for repairs or improvement
⩥ Passthrough provisions in commercial real estate are.
Answer: Taxes, Insurance, and Maintenance
⩥ Net lease with Base Years Stop (BYS).
Answer: Means the owner pays on the pass through provisions
the first year and the tenant pays in the subsequent years that is
over the base year amount
⩥ Absorption Study - VIP.
Answer: analyzing the amount of space leased and vacant over a
particular period of time
, ⩥ Key factors that affect commercial real estate.
Answer: Location
Area demographics
Traffic patterns
Income levels
Growth
Trends
⩥ Retail spaces are usually leased.
Answer: square foot as an annual dollar amount
⩥ In a Commercial Purchase a common practice is to.
Answer: Use Letters of Intent before a final purchase contract is
created by parties
⩥ Inspection period in a commercial purchase is.
Answer: 10 day free look period
⩥ Property used in a trade or business may qualify for tax.
Answer: depreciation
BUNDLED TESTS SCRIPT TESTED
QUESTIONS AND CORRECT SOLUTIONS
VIEW AHEAD PREP UPDATED
⩥ Upfits (VIP).
Answer: Commercial lease or sale in which OWNER makes and
pays for repairs or improvement
⩥ Passthrough provisions in commercial real estate are.
Answer: Taxes, Insurance, and Maintenance
⩥ Net lease with Base Years Stop (BYS).
Answer: Means the owner pays on the pass through provisions
the first year and the tenant pays in the subsequent years that is
over the base year amount
⩥ Absorption Study - VIP.
Answer: analyzing the amount of space leased and vacant over a
particular period of time
, ⩥ Key factors that affect commercial real estate.
Answer: Location
Area demographics
Traffic patterns
Income levels
Growth
Trends
⩥ Retail spaces are usually leased.
Answer: square foot as an annual dollar amount
⩥ In a Commercial Purchase a common practice is to.
Answer: Use Letters of Intent before a final purchase contract is
created by parties
⩥ Inspection period in a commercial purchase is.
Answer: 10 day free look period
⩥ Property used in a trade or business may qualify for tax.
Answer: depreciation
