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Prelicensing Information Packet North Carolina Department of

Prelicensing Information Packet North Carolina Department of

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welcome we have prepared for you 100 real estate questions that will help you study and prepare for your real estate exam please like this video and let's get started question one what is the status of a contract when all the terms have been fulfilled and the transaction has been closed a fully executed B terminated c voidable d unenforceable the correct answer is a fully executed when all the terms of a contract have been fulfilled and the transaction has been closed the contract is considered to be fully executed this means that both parties have performed their obligations under the contract and there are no further actions required at this point the contract has been completely executed and both parties are typically released from any further obligations under the agreement question two when an easement allows the use of a neighboring property which automatically transfers upon the sale of either dominant or servient property it is called what type of easement a easement by prescri

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