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North Carolina Real Estate Broker License: Study Guide Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Jim's business 'Java and Scones' leases space at a retail mall. The company that manages the mall requires him to pay base rent as well as a portion of his sales revenue. Based on the information provided, what type of lease is this?

Question 2 2. In which of these situations would the landlord have the right to immediately enter the property?

Question 3 3. Which of the following estates has the fewest restrictions on the holder of it?

Question 4 4. What is the main health concern from radon gas?

Question 5 5. Homes built before which year require mandatory lead paint disclosure law compliance?

Question 6 6. Kerry works for a bank. He just denied a loan to a couple seeking to buy real estate in the inner city where the default rates are always high. The loan was denied because the husband had just lost his job and the family has recently took some dings on their credit report, which also indicates a high amount of credit card debt. What unethical practice is Kerry engaging in?

Question 7 7. A residential home is built in the middle of an industrial park. This will cause the value of the property to be much less than if a manufacturing plant was built on the site. Which principle is this an example of?

Question 8 8. Two houses are almost identical but one is in an A+ rated school district and the other nearby home is in a mediocre school district. Because of this, the house in the A+ school district is likely to sell for more money. What type of consideration is this indicative of?

Question 9 9. Which of the following survey methods can be used to write a legal description of a property?

Question 10 10. Cape Cod style homes are part of the _____ family?

Question 11 11. When performing comparative marketing analysis in real estate, it is important to _____.

Question 12 12. Which of the items below is NOT a step in comparative marketing analysis in real estate?

Question 13 13. Which of the following is correct about FHA loans?

Question 14 14. Which of the following is true about amortization?

Question 15 15. Tomas has a mortgage on a duplex without a reconveyance clause. He pays off half of the mortgage and requests that the lender transfer title for half of the property. Why would Tomas have legal issues in this case?

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North Carolina Real Estate Broker License: Study Guide Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

North Carolina Real Estate Broker License: Study Guide  /  Real Estate Prep
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