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SUPERIOR NC REAL ESTATE IMPORTANT
FINAL EXAM 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
When a landlord is responsible for the payment of taxes,
insurance and mortgage payments, and the tenant is required to
only pay rent, the lease is a(n):
A. Net Lease
B. Gross Lease
C. Ground Lease
D. Index Lease - correct answer -B. Gross Lease
In a gross lease the tenant makes a lump sum payment for the
amount of the rent and the landlord is responsible for these
expenses. The tenant pays nothing extra.
An attorney of fact is best described as
A. a fiduciary to his principal
B. an agent
C. an attorney
D. a client - correct answer -A. a fiduciary to his principal
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Which of the following is not essential to a general warranty deed
for real estate?
A. signature of buyer
B. Signature of seller
C. Covenant of seisin
D. a legal description of real estate - correct answer -A. Signature
of buyer
The initial maximum deposit in a NC trust account by a broker
who is depositing their own funds is:
A. $50, or whatever the financial institution requires
B. $100, or whatever the financial institution requires
C. $500, or whatever the financial institution requires
D. $1,000, or whatever the financial institution requires - correct
answer -B. $100 or whatever the financial institution requires
When is the developer of a time share project required to deliver
the public offering statement to the purchaser?
A. within a reasonable time
B. Prior to day of closing
C. upon initial contact with the buyer
SUPERIOR NC REAL ESTATE IMPORTANT
FINAL EXAM 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
When a landlord is responsible for the payment of taxes,
insurance and mortgage payments, and the tenant is required to
only pay rent, the lease is a(n):
A. Net Lease
B. Gross Lease
C. Ground Lease
D. Index Lease - correct answer -B. Gross Lease
In a gross lease the tenant makes a lump sum payment for the
amount of the rent and the landlord is responsible for these
expenses. The tenant pays nothing extra.
An attorney of fact is best described as
A. a fiduciary to his principal
B. an agent
C. an attorney
D. a client - correct answer -A. a fiduciary to his principal
, Page | 2
Which of the following is not essential to a general warranty deed
for real estate?
A. signature of buyer
B. Signature of seller
C. Covenant of seisin
D. a legal description of real estate - correct answer -A. Signature
of buyer
The initial maximum deposit in a NC trust account by a broker
who is depositing their own funds is:
A. $50, or whatever the financial institution requires
B. $100, or whatever the financial institution requires
C. $500, or whatever the financial institution requires
D. $1,000, or whatever the financial institution requires - correct
answer -B. $100 or whatever the financial institution requires
When is the developer of a time share project required to deliver
the public offering statement to the purchaser?
A. within a reasonable time
B. Prior to day of closing
C. upon initial contact with the buyer
