Question
1. When a proposed subdivision project is approved in North Carolina, A. the final subdivision plat is recorded in the Register of Deeds office. B.
1. When a proposed subdivision project is approved in North Carolina,
A. the final subdivision plat is recorded in the Register of Deeds office.
B. the plan is submitted to the Office of State Planning for ratification.
C. the approving agency issues a public notice regarding pending lot sales.
D. streets and utility lines must be completed within 180 days of such approval.
2. In North Carolina, dual agency in residential sales transactions typically arises when
A. a former buyer client of a real estate firm desires to list real property for sale with the same firm.
B. a firm's buyer client expresses an interest in purchasing a property previously listed and sold by the firm, but currently listed by another competing firm.
C. a firm's buyer client under either an oral or written buyer agency agreement becomes interested in a property listed with the firm.
D. a complex transaction requires the services of two or more real estate licensees in order to provide appropriate services and representation to the client.
3. For listing or appraisal purposes under the North Carolina Real Estate Commission's Residential Square Footage Guidelines, the size of a one-story dwelling is based on the
A. square footage obtained from exterior measurements.
B. sum of the square footage of interior rooms.
C. number of rooms including baths.
D. square footage reported in the tax records.
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