Nj real estate exam Study guides, Class notes & Summaries

NJ Real Estate Exam Questions According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license d. disclose in the contract of sale that th...

COLIBRI NJ REAL ESTATE EXAM ALL QUESTIONS AND WELL ELABORATED ANSWERS TOP RATED VERSION FOR ALREADY A GRADED WITH EXPERT FEEDBACK |NEW AND REVISED

NJ REAL ESTATE PRACTICE EXAM 2021 The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 1. Quitclaim Deed 2. General Warranty Deed 3. Bargain and Sale Deed 4. Bargain and Sale Deed, CAG - ANS Bargain and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilities Taxes 3. Ad Valorem Taxes 4. Luxury Rates - ANS Spe...

Broker Individual licenses to charge the public for real estate services. Broker-salesperson Fully qualified broker who remains under another broker's supervision Bureau of Subdivided Land sales Control State agency that approves and registers some out-of-state property Guaranty Fund Reimburses persons defrauded or badly served by licensees in real estate transaction. New Jersey Real Estate Commission Administrator of Real Estate Licenses Pocket Identific...

PSI NJ Real Estate Exam, PSI Practice Test. Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the Mor...

NJ Real Estate ExamBranch Office - correct answer broker's additional place of business commingling - correct answer mixing broker's money with that of others duplicate original - correct answer copy of a real estate contract with original signatures probation - correct answer least severe discipline by the real estate commission A licensed salesperson is allowed to - correct answer leave one broker and affiliate with another Under some circumstances, a real estate office may be...

PSI NJ Real Estate Exam / PSI Practice Test - Q & A The Equal Credit Opportunity Act addresses all of the following EXCEPT a. discrimination in lending b. written statements of credit denial c. acceptable factors for borrower analysis d. standardization of interest rates Under the terms of their listing contract, the owners may sell their house themselves and pay no commission. If their agent sells it, a commission will be due. What kind of listing contract do the owners have? exclusive agency...

NJ Real Estate Exam Latest 2023 Graded A+ Broker One who buys and sells for another for a fee. Broker-Salesperson A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control regulations covering out of state properties sold in NJ continuing education 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission Department of Banking and Insurance. 8 members. 5 brokers for at leas...

NJ Real Estate Exam 2023-2024 Questions and Answers 100% CorrectNJ Real Estate Exam 2023-2024 Questions and Answers 100% CorrectNJ Real Estate Exam 2023-2024 Questions and Answers 100% CorrectTitle 45 - ANSWER-New Jersey's real estate license law is known as Draw up a binding lease for a new tenant in a property the resident owns - ANSWER-an unlicensed New Jersey resident may two years - ANSWER-a real estate license is valid for 18 - ANSWER-according to the law, to obtain a salesperson...