This class was created by Brainscape user Lester Faison. Visit their profile to learn more about the creator.

Decks in this class (20)

Chapter 1 Concepts
What are two major classification...,
What is real property defined as,
What is appur
24  cards
Chapter 2 Concepts
Define bundle of legal rights,
The rights of ownership or bundle...,
What is an appurtenance
65  cards
Chapter 3 Concepts
An encumbrance is,
A lien is a,
Note however that whereas all lie...
41  cards
Chapter 4 Concepts
What is a legal description,
There are three basic methods of ...,
A metes and bounds boundary descr...
17  cards
Chapter 5 Concepts
What is a title 1 what does it me...,
What are the two functions of the...,
What is alienation
43  cards
Chapter 6 Concepts
Police power of the states1 defin...,
Master plan aka general plan1 def...,
Zoning ordinances1 what are they ...
32  cards
Chapter 7 Concepts
Multiple listing service mls,
Co brokered transaction,
Caveat emptor
67  cards
Chapter 8 Concepts
All written agency agreements mus...,
What is a listing agreement,
Exception to the oral agency agre...
76  cards
Chapter 9 Concepts
1 what is a contract 2 what condi...,
Express contract,
Implied contract
29  cards
Chapter 10 Concepts
The sales contract1 common name f...,
1 what is the most important docu...,
Uniform electronic transactions a...
46  cards
Chapter 11 Concepts
Lease,
Leased fee estate plus reversiona...,
Four most important leasehold est...
40  cards
Chapter 12 Concepts
Property management1 can you mana...,
What type of agent is a property ...,
What don t property managers do
41  cards
Chapter 13 Concepts
An insurance policy is an agreeme...,
Property insurance casualty insur...,
Liability insurance
26  cards
Chapter 14 Concepts
What is the lien theory,
Who retains both legal and equita...,
1 in the lien theory who is given...
82  cards
Chapter 15 Concepts
The real estate financing market ...,
Dodd frank wall street reform and...,
The consumer financial protection...
64  cards
Chapter 16 Concepts
1 what is the most popular reside...,
Ranch style homes,
The split level home tri level homes
50  cards
Chapter 17 Concepts
Appraisal,
To conduct a formal appraisal tha...,
Certified residential appraisers ...
60  cards
Chapter 18 Concepts
Tax deductible loan expenses,
Real property taxes1 when are the...,
Mortgage interest property taxes ...
24  cards
Chapter 19 Concepts
Civil rights act of 1866,
Us supreme court s 1896 decision ...,
1 federal fair housing act of 196...
29  cards
Chapter 20 Concepts
What is closing in real estate,
What does settlement involve for ...,
Closing involves a number of even...
30  cards

More about
nc real estate exam prep

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Lester Faison's NC Real Estate Exam Prep flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

NC Real Estate Exam ‘22
  • 6 decks
  • 119 flashcards
  • 4 learners
Decks: 1 Basic Concepts, 2 Property Ownership And Interests, 3 Encumbrances, And more!
Real Estate NC
  • 1 decks
  • 50 flashcards
  • 3 learners
Decks: Match The Terms Through Unit 5, And more!
Real Estate Sales Exam
  • 33 decks
  • 606 flashcards
  • 84 learners
Decks: Types Of Property, Encumbrance, Ownership Types, And more!
Make Flashcards