NCREC-Broker-N 무료 덤프문제 온라인 액세스

A loan is set up so that the borrower's loan payments are for the same amount each month. A portion of each payment goes to interest, and a portion goes to principal, and the loan balance will be zero at the end of the loan term. Which type of loan is this?

• A.Straight amortizing
• B.Negatively amortizing
• C.Fully amortizing
• D.Partially amortizing

The buyer of a long-vacant lot plans to build a home. The zoning ordinance for the town in which the property is located indicates that every lot with a structure must be at least 80 feet wide. When the buyer applies for a building permit, they are surprised to learn that the lot is only 76 feet wide. The property is worthless if they cannot build a home. To build a home on the lot legally, what must the buyer obtain from the local zoning board?

• A.Buffer exemption
• B.Nonconforming use permit
• C.Conditional exception
• D.Variance

A contract in which one or both parties have not yet completed performance of their contractual obligations is referred to as:

• A.executory
• B.executed
• C.unenforceable
• D.voidable

A buyer signs a contract to purchase a 10-year-old unit in a condominium community. Under the provisions of the North Carolina Condominium Act, how many days does the buyer have to rescind the contract?

• A.3 days
• B.The buyer has no such right to cancel the contract.
• C.7 days
• D.5 days

A real estate licensee's advertisement for a house includes only the following phrase about financing:
"Assume the owner's original loan with only a $1,000 down payment!" What is wrong with this advertisement?

• A.It does not also include the loan's annual percentage rate and other financing terms.
• B.It does not also include the original balance on the loan.
• C.It does not provide the brokerage firm's name as licensed.
• D.Nothing, so long as it is the real estate licensee's own property.