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Flashcards - North Carolina Real Estate License Law

Flashcards - North Carolina Real Estate License Law
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broker
A broker is an individual person that arranges transactions between a buyer and a seller for a commission when the deal is executed
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3 cards in set
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broker
A broker is an individual person that arranges transactions between a buyer and a seller for a commission when the deal is executed
homestead exemption
The homestead exemption is a legal regime designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse
lease agreement
A lease is a contractual arrangement calling for the lessee to pay the lessor for use of an asset

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