Question
1. The property is subject to a city zoning ordinance that restricts residential structures from being more than three stories tall. The same property is
1. The property is subject to a city zoning ordinance that restricts residential structures from being more than three stories tall. The same property is also subject to a subdivision protective covenant that states that no residential structure built on the property shall be more than two stories tall. Which restriction will prevail?
A. The covenant rules, because deed restrictions run with the land
. The covenant rules, because it is the more restrictive of the two. EITHER THIS ONE
. The ordinance rules, because it is issued by a government authority. OR EITHER THIS ONE
D. The ordinance rules, because it is public policy to honor governmental ordinances over local covenants.
2. The broker submitted an offer on behalf of their buyer client on Monday. The offer was accepted by the seller on Thursday and the sellers agent returned signed copies to the broker on the same day. The broker must deliver a copy of the accepted offer to the buyer by
A. Sunday MY ANSWER
B. Monday
C. Tuesday
D. Saturday
3. Which of the following statements best describes a licensee's duty under North Carolina Real Estate Commission rules to utilize the Commission's Working with Real Estate Agents publication?
A. A licensee e-mails the publication to a prospective seller prior to the listing appointment.
B. A licensee gives a prospective seller the publication at first substantial contact and instructs the seller to read the publication.
C.A licensee gives a prospective buyer the publication at initial contact and instructs the prospect to read the publication.
D.A licensee gives a prospective buyer the publication and explains it when beginning to discuss the buyer's property needs/desires.MY ANSWER
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