SUPERIOR NC REAL ESTATE IMPORTANT FINAL EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY GRADED A+ 2025 – 2026

SUPERIOR NC REAL ESTATE IMPORTANT
FINAL EXAM WITH CORRECT ACTUAL
QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY
GRADED A+ 2025 – 2026




The process of changing real property to personal property
is
A. Intention
B. Conversion
C. Adaptation
D. None of the above - ANSWERS-B. Conversion


The difference between fraud and misrepresentation is
A. buyer can accept compensatory damages for fraud
B. Fraud is unintentional, misrepresentation is intentional
C. No difference

, D. Fraud is intentional, misrepresentation is unintentional -
ANSWERS-D. Fraud is intentional, misrepresentation is
unintentional


RESPA regulations would not apply to which of the
following?
A. 1-4 family loans
B. Purchase money taken out by the seller
C. 1st lien residential mortgage
D. Home equity loan - ANSWERS-B. purchase money taken
out by the seller


A dedication refers to
A. A instrument used in place of a mortgage
B. Additional fee charged by the lender
C. Transfer of real property from private owner to public
agency
D. Right of owner to use adjacent land of another -
ANSWERS-C. Transfer of real property from private owner to
public agency


A buyer is to assume an existing loan of $80,000 at 9.5%
with the approval of the lender. The interest on the loan,