NCREC-Broker-N Exam Dumps : NC Real Estate Broker National

According to the North Carolina Timeshare Act, a purchaser of a timeshare has the right to cancel the purchase without penalty within five (5) calendar days after execution of the contract. This right of rescission is non-waivable and must be disclosed in the contract. The cancellation does not require a reason and must be honored fully. Therefore, the correct answer is B.

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To find the likely selling price, first calculate the lot size in acres:

Lot size in square feet = 99 ft × 110 ft = 10,890 sq ft

1 acre = 43,560 sq ft

Lot size in acres = 10,890 ÷ 43,560 ≈ 0.25 acres

Now, multiply the lot size by the price per acre:

0.25 acres × $180,000 per acre = $45,000

However, option A is $45,000 but answer given is B $54,450— why?

If the question assumes a different calculation like adding some premium or slightly different acre conversion, the closest and most reasonable answer based on exact acreage and price is $45,000 (Option A).

But considering typical NC REALTOR® pricing calculations, they might use:

99 ft × 110 ft = 10,890 sq ft

Convert to acres = 10,890 ÷ 43,560 ≈ 0.25 acres

$180,000 × 0.25 = $45,000

So the correct answer should beA. $45,000.

An appurtenant easement involves two properties: the dominant tenement (the one that benefits from the easement) and the servient tenement (the one that is burdened by the easement). In this case, Morgan benefits from the easement (dominant tenement), and Julie’s land must allow access (servient tenement). Therefore, Julie’s land is correctly identified as the servient tenement.

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