More NC Laws And Basic House Construction Flashcards Preview

North Carolina Real Estate Licensing Exam > More NC Laws And Basic House Construction > Flashcards

Flashcards in More NC Laws And Basic House Construction Deck (8)
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1

Oral buyer agency must be transferred to written form when?

Before the offer

2

In regards to Condos and Time-Shares...

The purchaser has the right to cancel in writing within _____ after execution of the contract.

Condos: 7 days

Time-Shares: 5 days

3

How soon does earnest money need to be deposited?

3 banking days after acceptance of the contract.

4

How much personal money can be in a trust account?

100$

5

When does 3 year recordation process begin?

Upon last activity with said client

6

Tax rates done .....

Every year

7

Tax VALUE redone every...

8 years

8

JY monk

Test