North Carolina Real Estate Prelicensing Course

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

Decks in this class (23)

Chapter 1: Basic Real Estate Concepts
Understand the basic characteristics of real estate, how real estate is used, and the real estate market.
12  cards
Chapter 2: Property Ownership and Interests
Explain the concept of the bundle of rights; the characteristics of real estate, including the riparian rights and all types of fixtures; and identify terms that may or may not be fixtures by applying the Total Circumstances Test.
63  cards
Chapter 3: Encumbrances on Real Property
Identify different types of encumbrances on real property and different types of liens, easements, and encroachments.
29  cards
Chapter 4: Property Description
Whats the square footage in acreage,
Base line,
Call
17  cards
Chapter 5: Transfer of Title to Real Property
Abstract of title,
Action to quiet title,
Adverse possession
35  cards
Chapter 6: Land Use Controls
Aesthetic zoning,
Buffer zone,
Building code
27  cards
Chapter 7: Real Estate Brokerage and the Law of the Agency
Agency,
Agent,
Apparent authority
48  cards
Chapter 8: Agency Contracts
Antitrust laws,
Buyer agency agreement,
Co brokered sale
29  cards
Chapter 9: Basic Contract Law
Addendum,
Amendment,
Assignment
39  cards
Chapter 10: Sales Contracts and Practices
Acceptance,
Backup offer,
Contingency
15  cards
Chapter 11: Landlord and Tenant
Constructive eviction,
Covenant of quiet enjoyment,
Estate at suffereance
33  cards
Chapter 12: Property Management
Budget comparison statement,
Cash flow,
Deferred maintenance
13  cards
Chapter 13: Basic Real Estate Investment
After tax cash flow,
Anticipated revenue,
Appreciation
26  cards
Chapter 14: Real Estate Financing: Principles
Acceleration clause,
Adjustable rate mortgages arms,
Alienation clause
47  cards
Chapter 15: Real Estate Financing: Practices
Annual percentage rate apr,
Blanket mortgage,
Buydown
39  cards
Chapter 16: Basic Residential Construction
Baseboard,
Basement,
British thermal unit btu
35  cards
Chapter 17: Real Property Valuation
Age life method,
Appraisal,
Arms length transaction
29  cards
Chapter 18: Federal Income Taxation of Real Property Ownership
Adjusted basis,
Amount realized,
Basis
15  cards
Chapter 19: Fair Housing and Ethical Practices
Americans with disabilities act ada,
Blockbusting,
Channeling
15  cards
Chapter 20: Environmental Issues and Real Estate Transaction
Asbestos,
Carbon monoxide co,
Comprehensive environmental respo...
20  cards
Chapter 21: Closing the Real Estate Transaction
Accrued items,
Buyer closing disclosure bcd,
Closing
24  cards
Chapter 22: Property Insurance
100 year flood plain,
Base flood elevation,
Broad form insurance
19  cards
Appendix A
License Law and Rule Comments and Real Estate Licensing in North Carolina
12  cards

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North Carolina Real Estate Prelicensing Course

  • Class purpose General learning

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