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Search Homes
Map Search
Advanced Search
Sell Your Home
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Aerial Real Estate Photography & Videography
Professional Real Estate Photography & Processing
In-House Real Estate Marketing & Design
Communities We Serve
Greensboro NC
High Point NC
Kernersville NC
Lexington NC
Winston-Salem
Lewisville and Clemmons
King NC
Mocksville NC
Other Areas
Salisbury NC
Lake Norman
High Rock Lake
About Mantle
Mantle Real Estate Agents
Blog
Contact Mantle
Review Us
Resources
Guide to Buying a Home
Guide to Selling Your Home
Home Buyer Terms
Utilities Contact Info
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Swag
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Other North Carolina Laws and Practices Exam Prep
Other North Carolina Laws and Practices Exam Prep
A 1.50 acre lot is priced at $75 per square foot. It is 230' deep. What will it sell for?
$65,340.00
$21,306.52
$21,780.00
$43,560.00
A lender uses a 28% qualifying ratio. A married couple have a combined annual income of $132,000, which includes a monthly passive income to the woman of $1,600. How much can the couple pay monthly for their mortgage payment?
$3,528.00
$3,080.00
$3,696.00
$11,448.00
A legal life estate is created by:
Acquired before marriage
Operation of a state law as opposed to a property owner agreement
survivorship
Owners hold single title jointly
In 2014, taxes totaling $2,397.60 were paid in full on a home that closed on Sept. 9. Using a 360 day year, what were the prorated taxes paid on the day of closing and who received the debit and who received the credit?
Credit seller $1,658.34, debit buyer $1,658.34
Debit buyer $739.26, credit seller $739.26
Debit seller, $1,658.34, credit buyer $1,658.34r
Credit buyer $739.26, debit seller $739.26
A seller paid a 6% commission at closing, a loan payoff of $201,000 and $42,000 in closing costs. His net check at closing was $188,000. What was the sales price of the seller's home?
$337,633.33
$456,860.00
$431,000.00
$458,510.63
A legal life estate includes all of the following except:
Protects family survivors
Created by operation of state law
Homestead
Community property
Laws protecting a primary residence from creditors are called:
Estate at will
Joint tenancy
Community Property
Homestead laws
The previous owner receiving the estate is:
Remainder
Reversion
Absolute
Pur autre rie
A provision in the NC Residential Rental Agreements Act states the tenant cannot be evicted because the tenant has asserted a legal right against the landlord. This is called:
The doctrine of summary eviction
The doctrine of self-help eviction
The doctrine of retaliatory eviction
The doctrine of summary ejectment
The bundle of legal rights include all of the following EXCEPT:
Right of disposition
Right of possession
Right to enjoyment
Right of taxes
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