NORTH CAROLINA REAL ESTATE FINAL PAPER
2026 BUNDLED EXAM QUESTIONS AND
SOLUTIONS GUARANTEED TO PASS
◉ Conner Act. Answer: a state law that requires many types of real
estate documents to be recorded for protection against claims from
third parties
◉ Physical characteristics of real estate. Answer: Immobility,
Indestructibility and Uniqueness
◉ Economic characteristics of real estate. Answer: Scarcity, Location,
Improvements, Performance
◉ Chattel. Answer: Personalty or personal property
◉ Supply factors of real estate. Answer: construction costs, labor
force, financial policies, government controls
◉ Demand factors of real estate. Answer: population, employment
and wage levels, business cycles, demographics, government cyclical
efforts, real estate cycles
,◉ Tenements. Answer: a piece of land held by an owner
◉ Hereditaments. Answer: any item of property, can be corporeal
(e.g. land or a building) or incorporeal (e.g. rent or a right of way)
◉ Emblements. Answer: the profit from growing crops that have
been sown, regarded as personal property.
◉ Rights of Real Property. Answer: Disposition, enjoyment,
exclusivity, possession, control
◉ Easement. Answer: a right to cross or otherwise use someone
else's land for a specified purpose
◉ Riparian Water Rights. Answer: System for allocating water
among those who possess land along its path. In NC, water rights on
non-navigable waters to the center of the water.
◉ Littoral Rights. Answer: Right concerning properties that abut
static water like and ocean, bay, delta, sea or lake. In NC, adjacent
landowners have unrestricted use of the navigable water, but land
between high and low tide mark (foreshore) is state owned.
, ◉ Avulsion. Answer: rapid decrease I land caused by and act of
nature. Property boundaries do not change; right to reclaim.
◉ Intestate. Answer: the condition of a property owner who dies
without leaving a valid will
◉ Testate. Answer: the condition of a property owner who dies and
leaves a valid will
◉ Estate. Answer: The amount and kind of interest a person has in
real property
◉ Freehold Estate. Answer: permanent and absolute tenure of land
(I own it) or property with freedom to dispose of it at will.
◉ Non-Freehold Estate. Answer: Leasing the property for a period of
time without having any actual ownership of the land. I possess this
property of fixed period of time as a tenant, 1) Estate for years, 2)
Estate from year to year, 3)Estate at will, and 4) Estate at sufferance
(absence of objection rather than genuine approve; toleration)
◉ Fee Simple Absolute Estate. Answer: The highest form of real
estate ownership that is recognized by law, in which the owner can
enjoy the property to its fullest extend and is only limited by zoning
laws or similar restrictions.
2026 BUNDLED EXAM QUESTIONS AND
SOLUTIONS GUARANTEED TO PASS
◉ Conner Act. Answer: a state law that requires many types of real
estate documents to be recorded for protection against claims from
third parties
◉ Physical characteristics of real estate. Answer: Immobility,
Indestructibility and Uniqueness
◉ Economic characteristics of real estate. Answer: Scarcity, Location,
Improvements, Performance
◉ Chattel. Answer: Personalty or personal property
◉ Supply factors of real estate. Answer: construction costs, labor
force, financial policies, government controls
◉ Demand factors of real estate. Answer: population, employment
and wage levels, business cycles, demographics, government cyclical
efforts, real estate cycles
,◉ Tenements. Answer: a piece of land held by an owner
◉ Hereditaments. Answer: any item of property, can be corporeal
(e.g. land or a building) or incorporeal (e.g. rent or a right of way)
◉ Emblements. Answer: the profit from growing crops that have
been sown, regarded as personal property.
◉ Rights of Real Property. Answer: Disposition, enjoyment,
exclusivity, possession, control
◉ Easement. Answer: a right to cross or otherwise use someone
else's land for a specified purpose
◉ Riparian Water Rights. Answer: System for allocating water
among those who possess land along its path. In NC, water rights on
non-navigable waters to the center of the water.
◉ Littoral Rights. Answer: Right concerning properties that abut
static water like and ocean, bay, delta, sea or lake. In NC, adjacent
landowners have unrestricted use of the navigable water, but land
between high and low tide mark (foreshore) is state owned.
, ◉ Avulsion. Answer: rapid decrease I land caused by and act of
nature. Property boundaries do not change; right to reclaim.
◉ Intestate. Answer: the condition of a property owner who dies
without leaving a valid will
◉ Testate. Answer: the condition of a property owner who dies and
leaves a valid will
◉ Estate. Answer: The amount and kind of interest a person has in
real property
◉ Freehold Estate. Answer: permanent and absolute tenure of land
(I own it) or property with freedom to dispose of it at will.
◉ Non-Freehold Estate. Answer: Leasing the property for a period of
time without having any actual ownership of the land. I possess this
property of fixed period of time as a tenant, 1) Estate for years, 2)
Estate from year to year, 3)Estate at will, and 4) Estate at sufferance
(absence of objection rather than genuine approve; toleration)
◉ Fee Simple Absolute Estate. Answer: The highest form of real
estate ownership that is recognized by law, in which the owner can
enjoy the property to its fullest extend and is only limited by zoning
laws or similar restrictions.
