- Study guides, Class notes & Summaries

***North Carolina 75-Hour Broker Pre-licensing Final Exam (PASSED Attempt) Why might a buyer want to ASSUME a LOAN? The buyer doesn't want to follow a lender qualification process. The existing loan has a lower interest rate than current market rates. The principal remaining on the existing loan is low. The transfer of the property won't need to be approved by the lender if the loan is assumed. - Correct Answer The existing loan has a lower interest rate than current market rates...

Real Estate Final Exam - Illinois ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ GRADED 100% VERIFIED

Real Estate Final Exam question with answers

NC POST LICENSING 301 Practice Exam 1 88-100 (2025) Actual Questions with Verified Answers, 100% Guarantee Pass 1/50 Under which of the following circumstances would the client and agent most likely mutually agree to terminate a listing? a A buyer approached the seller with a much higher offer than the current listing price. b The agent and client don't agree on the best way to price, maintain, and market the property. c The client has found a buyer and wants to avoid paying a commi...

Providing an in-depth complete description of each chapter in the superior school of real estate broker pre-licensing course preparing you for the licensing test exam.

Eminent Domain - Answer- The ability of the government to acquire real property against the owner for the benefit of the public. Fee Simple - Answer- What is the most complete estate in real property? Puffing - Answer- What is an exaggerated statement. Reconciliation - Answer- What is the process of arriving at a final market value conclusion from the estimates of three appraisal approaches to value? Adverse Possession - Answer- The actual, visible, hostile, notorious, taking of another...

1) In reviewing the deed to a listed property, a licensee noted a number of limitations regarding its use. These limitations are commonly known as: A) Codicils B) Constraints C) Building codes D) Restrictive covenants - >>D.) restrictive convenants 2) According to the Federal Fair Housing Act as amended in 1988, which of the following circumstances is considered a handicapping condition? A) Being economically disadvantaged B) Having a mental impairment that substantially lim...

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...

Which account are broker commissions paid from? A) Attorney's escrow account B) Brokers escrow account C) Brokers operations account D) Sellers personal account - ANSWER C) Brokers operations account Which of the following are TRUE about CMAs A) A provisional broker may perform a CMA for any party when no fee is charged B) CMA records must be kept for 2 years C) Adjustments are made to the subject property D) Brokers do not need to disclose if they have a conflic...

An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWER A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWER Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - ANSWER Premiums are waived if payor becomes disabled An agent who signs a blank contract application or policy of insurance - ANSWER Is guilty of a mis...