Chapter 1 Key Terms- NJ REAL ESTATE Question and answers correctly solved 2023/2024 Exam (elaborations) Final Exam NJ - Real Estate Part 3 Question and answers 2023/2024 verified to pass Exam (elaborations) final test practice for new jersey real estate test Question and answers rated A+ 2023/2...
[Show more]
Real Estate NJ Questions with complete solution 2023/2024A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - correct answer $55,000 A national company desires a parcel of land which must be...
Preview 2 out of 13 pages
Add to cartReal Estate NJ Questions with complete solution 2023/2024A home is being purchased for $275,000. The buyer agrees to an 80% loan with the seller paying $5,000 of the buyer's closing costs. What amount will the ... - correct answer $55,000 A national company desires a parcel of land which must be...
PSI NJ Real Estate Practice Exam Question and answers rated A+ 2023/2024 Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price? - correct answer The first sold...
Preview 2 out of 15 pages
Add to cartPSI NJ Real Estate Practice Exam Question and answers rated A+ 2023/2024 Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price? - correct answer The first sold...
PSI NJ Real Estate Exam, PSI Practice Test Question and answers already passed 2023/2024 Water Rights - correct answer 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...
Preview 3 out of 16 pages
Add to cartPSI NJ Real Estate Exam, PSI Practice Test Question and answers already passed 2023/2024 Water Rights - correct answer 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...
NJ Real Estate Question and answers 2023/2024 verified to pass When a buyer purchases a property subject to a seller's existing mortgage... - correct answer the seller's obligations under the existing mortgage remain unchanged A licensee preparing a competitive market analysis (CMA) has inform...
Preview 1 out of 3 pages
Add to cartNJ Real Estate Question and answers 2023/2024 verified to pass When a buyer purchases a property subject to a seller's existing mortgage... - correct answer the seller's obligations under the existing mortgage remain unchanged A licensee preparing a competitive market analysis (CMA) has inform...
NJ Real Estate Unit 2 Commission Rules and Regulations Question and answers correctly solved 2023/2024 Waiver of Broker Cooperation - correct answer Form sellers must sign for an office-exclusive listing Trust Account - correct answer Another name for escrow account Suspension - correct ans...
Preview 2 out of 8 pages
Add to cartNJ Real Estate Unit 2 Commission Rules and Regulations Question and answers correctly solved 2023/2024 Waiver of Broker Cooperation - correct answer Form sellers must sign for an office-exclusive listing Trust Account - correct answer Another name for escrow account Suspension - correct ans...
NJ Real estate test Questions with complete solution 2023/2024acceleration clause - correct answer A clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. The most common reasons for accelerating a loan are if the borrower defaults on ...
Preview 2 out of 12 pages
Add to cartNJ Real estate test Questions with complete solution 2023/2024acceleration clause - correct answer A clause in your mortgage which allows the lender to demand payment of the outstanding loan balance for various reasons. The most common reasons for accelerating a loan are if the borrower defaults on ...
NJ REAL ESTATE TERMS & KEY WORDS Question and answers rated A+ 2023/2024BROKER - correct answer The use of the term "Broker" refers to one who operates his or her own business. Any person or firm who, for a commission or other valuable consideration engages in listing, selling,buying, renting, ne...
Preview 4 out of 71 pages
Add to cartNJ REAL ESTATE TERMS & KEY WORDS Question and answers rated A+ 2023/2024BROKER - correct answer The use of the term "Broker" refers to one who operates his or her own business. Any person or firm who, for a commission or other valuable consideration engages in listing, selling,buying, renting, ne...
NJ Real Estate Prelicensing Exam 1 Question and answers 100% correct 2023/2024Real Estate License Act - correct answer Title 45, Chapter 15 Rules and regulations set up by the Real Estate Commission - correct answer Title 11, Chapter 5, Administrative Code Number of Members in Real Estate Comm...
Preview 2 out of 5 pages
Add to cartNJ Real Estate Prelicensing Exam 1 Question and answers 100% correct 2023/2024Real Estate License Act - correct answer Title 45, Chapter 15 Rules and regulations set up by the Real Estate Commission - correct answer Title 11, Chapter 5, Administrative Code Number of Members in Real Estate Comm...
NJ real estate practice test #2 Question and answers already passed 2023/2024 An exception to title insurance coverage is - correct answer defects that clearly appear in the title search. An equal housing opportunity notice MUST be - correct answer displayed in the brokerage office. A broke...
Preview 1 out of 3 pages
Add to cartNJ real estate practice test #2 Question and answers already passed 2023/2024 An exception to title insurance coverage is - correct answer defects that clearly appear in the title search. An equal housing opportunity notice MUST be - correct answer displayed in the brokerage office. A broke...
NJ REAL ESTATE PRACTICE EXAM 2021(UPDATED) Question and answers correctly solved 2023/2024The 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 ...
Preview 3 out of 25 pages
Add to cartNJ REAL ESTATE PRACTICE EXAM 2021(UPDATED) Question and answers correctly solved 2023/2024The 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 ...
NJ Real Estate License Exam Questions with complete solution 2023/2024 Broker - correct answer Individual licenses to charge the public for real estate services. Broker-salesperson - correct answer Fully qualified broker who remains under another broker's supervision Bureau of Subdivided ...
Preview 1 out of 1 pages
Add to cartNJ Real Estate License Exam Questions with complete solution 2023/2024 Broker - correct answer Individual licenses to charge the public for real estate services. Broker-salesperson - correct answer Fully qualified broker who remains under another broker's supervision Bureau of Subdivided ...
NJ Real Estate Exam Question and answers rated A+ 2023/2024 Title 45 - correct 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 - correct answer an unlicensed New Jersey resident may two years - correct answer a ...
Preview 4 out of 61 pages
Add to cartNJ Real Estate Exam Question and answers rated A+ 2023/2024 Title 45 - correct 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 - correct answer an unlicensed New Jersey resident may two years - correct answer a ...
NJ Real Estate Exam Question and answers 100% correct 2023/2024What is NOT considered an improvement to land? - correct answer crops Jim Thomas lets his neighbor, Shirley Blank, store her camper in his yard for a few weeks. He does NOT charge her rent. He has given Blank - correct answer a licens...
Preview 1 out of 3 pages
Add to cartNJ Real Estate Exam Question and answers 100% correct 2023/2024What is NOT considered an improvement to land? - correct answer crops Jim Thomas lets his neighbor, Shirley Blank, store her camper in his yard for a few weeks. He does NOT charge her rent. He has given Blank - correct answer a licens...
NJ Real Estate Exam Question and answers already passed 2023/2024Broker - correct answer One who buys and sells for another for a fee. Broker-Salesperson - correct answer A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidize...
Preview 3 out of 27 pages
Add to cartNJ Real Estate Exam Question and answers already passed 2023/2024Broker - correct answer One who buys and sells for another for a fee. Broker-Salesperson - correct answer A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidize...
nj real estate exam questions Question and answers 2023/2024 verified to passWhich of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' eve...
Preview 3 out of 24 pages
Add to cartnj real estate exam questions Question and answers 2023/2024 verified to passWhich of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' eve...
NJ Real estate Exam Prep Question and answers rated A+ 2023/2024An Appraisal made by a Certified appraiser is REQUIRED? - correct answer WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - correct answer THE REQUIRED DOWN PAYMENT...
Preview 2 out of 10 pages
Add to cartNJ Real estate Exam Prep Question and answers rated A+ 2023/2024An Appraisal made by a Certified appraiser is REQUIRED? - correct answer WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - correct answer THE REQUIRED DOWN PAYMENT...
NJ Real Estate Exam Practice Questions and answers 100% correct 2023/2024According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother - correct answer C. homosexual The front door key to a house is: A. chattel
Preview 3 out of 16 pages
Add to cartNJ Real Estate Exam Practice Questions and answers 100% correct 2023/2024According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother - correct answer C. homosexual The front door key to a house is: A. chattel
NJ Real Estate Exam Part 2 Question and answers 2023/2024 verified to passbroker's additional place of business - correct answer Branch Office mixing broker's money with that of others - correct answer commingling copy of a real estate contract with original signatures - correct answer dupl...
Preview 4 out of 38 pages
Add to cartNJ Real Estate Exam Part 2 Question and answers 2023/2024 verified to passbroker's additional place of business - correct answer Branch Office mixing broker's money with that of others - correct answer commingling copy of a real estate contract with original signatures - correct answer dupl...
NJ Real Estate Exam Key Terms Real Estate Calculations Mathematics Question and answers correctly solved 2023/2024 100% - correct answer One whole unit (100 parts that make up a unit) 50% - correct answer 50 parts of the possible 100 parts that make up a whole unit Percentages greater than 1...
Preview 1 out of 3 pages
Add to cartNJ Real Estate Exam Key Terms Real Estate Calculations Mathematics Question and answers correctly solved 2023/2024 100% - correct answer One whole unit (100 parts that make up a unit) 50% - correct answer 50 parts of the possible 100 parts that make up a whole unit Percentages greater than 1...
NJ Real Estate Exam 2 Questions with complete solution 2023/2024Broker - correct answer One who buys and sells for another for a fee. Broker-Salesperson - correct answer A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized...
Preview 3 out of 27 pages
Add to cartNJ Real Estate Exam 2 Questions with complete solution 2023/2024Broker - correct answer One who buys and sells for another for a fee. Broker-Salesperson - correct answer A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized...
NJ Real Estate Exam 1 Question and answers rated A+ 2023/2024If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the commission be? a) $750 b) $1,500 c) $7,500 d) $15,000 - correct answer d A lot measuring 240' by 400' is selling for $400 a front foot...
Preview 3 out of 18 pages
Add to cartNJ Real Estate Exam 1 Question and answers rated A+ 2023/2024If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the commission be? a) $750 b) $1,500 c) $7,500 d) $15,000 - correct answer d A lot measuring 240' by 400' is selling for $400 a front foot...
NJ Real Estate Exam - Timelines & Fines Question and answers 100% correct 2023/2024 How long from class end date to pass the School and State Exam and submit license application - correct answer 1 year How long must a Salesperson wait until they are eligible for a Broker's license - correct ans...
Preview 2 out of 11 pages
Add to cartNJ Real Estate Exam - Timelines & Fines Question and answers 100% correct 2023/2024 How long from class end date to pass the School and State Exam and submit license application - correct answer 1 year How long must a Salesperson wait until they are eligible for a Broker's license - correct ans...
NJ Real Estate Exam - PRACTICE EXAM MATH QUESTIONS and answers 100% correct 2023/2024 If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the commission be? a) $750 b) $1,500 c) $7,500 d) $15,000 - correct answer d) $15,000 A lot measuring 240' by 400...
Preview 3 out of 18 pages
Add to cartNJ Real Estate Exam - PRACTICE EXAM MATH QUESTIONS and answers 100% correct 2023/2024 If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the commission be? a) $750 b) $1,500 c) $7,500 d) $15,000 - correct answer d) $15,000 A lot measuring 240' by 400...
NJ Real Estate Chapter 2 Question and answers already passed 2023/2024 Branch 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...
Preview 1 out of 3 pages
Add to cartNJ Real Estate Chapter 2 Question and answers already passed 2023/2024 Branch 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...
NJ Real Estate Chapter 1 Question and answers 2023/2024 verified to passBroker - correct answer individual licensed to charge the public for real estate services Broker Salesperson - correct answer fully qualified broker who remains under another brokers's supervision Bureau of Subdivided Lan...
Preview 1 out of 3 pages
Add to cartNJ Real Estate Chapter 1 Question and answers 2023/2024 verified to passBroker - correct answer individual licensed to charge the public for real estate services Broker Salesperson - correct answer fully qualified broker who remains under another brokers's supervision Bureau of Subdivided Lan...
NJ Real Estate Broker's Exam Question and answers correctly solved 2023/2024The right of a utility company to enter someone's property for the purpose of repairing or maintaining the utility service is called (A.) an easement in gross (B.) an easement appurtenant (C.) eminent domain ...
Preview 4 out of 38 pages
Add to cartNJ Real Estate Broker's Exam Question and answers correctly solved 2023/2024The right of a utility company to enter someone's property for the purpose of repairing or maintaining the utility service is called (A.) an easement in gross (B.) an easement appurtenant (C.) eminent domain ...
NJ Real Estate - contracts review Questions with complete solution 2023/2024 An offer may be terminated by - correct answer Lapse of agreed time, acceptance of offer, counteroffer An option is - correct answer A unilateral contract, binding only on one party, accepted by performance e A real...
Preview 2 out of 5 pages
Add to cartNJ Real Estate - contracts review Questions with complete solution 2023/2024 An offer may be terminated by - correct answer Lapse of agreed time, acceptance of offer, counteroffer An option is - correct answer A unilateral contract, binding only on one party, accepted by performance e A real...
New Jersey Real Estate Licensing Question and answers rated A+ 2023/2024 Licensing requirements - correct answer All license applicants must meet these requirements: Have a high school diploma or equivalent; be 18 years of age or older; prove U.S. citizenship or legal residence; submit the appropri...
Preview 1 out of 2 pages
Add to cartNew Jersey Real Estate Licensing Question and answers rated A+ 2023/2024 Licensing requirements - correct answer All license applicants must meet these requirements: Have a high school diploma or equivalent; be 18 years of age or older; prove U.S. citizenship or legal residence; submit the appropri...
New Jersey Real Estate Exam Prep Question and answers 2023/2024 verified to passMark, a licensed broker, procures a ready, willing, and able buyer for his seller-principal. The seller accepts the buyer's offer in writing. Just before the schedule closing, the seller has a change of heart and refuse...
Preview 2 out of 9 pages
Add to cartNew Jersey Real Estate Exam Prep Question and answers 2023/2024 verified to passMark, a licensed broker, procures a ready, willing, and able buyer for his seller-principal. The seller accepts the buyer's offer in writing. Just before the schedule closing, the seller has a change of heart and refuse...
New Jersey Real Estate Exam- Chapter 1 Questions and answers correctly solved 2023/2024 New Jersey's real estate license law is known as: a. the Statute of Frauds b. Title VII c. Title 45 d. the Law of Agency - correct answer c. Title 45 A New Jersey resident does NOT need a license to: a....
Preview 2 out of 5 pages
Add to cartNew Jersey Real Estate Exam- Chapter 1 Questions and answers correctly solved 2023/2024 New Jersey's real estate license law is known as: a. the Statute of Frauds b. Title VII c. Title 45 d. the Law of Agency - correct answer c. Title 45 A New Jersey resident does NOT need a license to: a....
New Jersey Real Estate Exam #1 Questions with complete solution 2023/20241. A real estate licensee has a buyer agency agreement. What is the seller in this situation? A. a customer B. a client C. a fiduciary D. an agent - correct answer A. There's an important distinction between client ...
Preview 4 out of 47 pages
Add to cartNew Jersey Real Estate Exam #1 Questions with complete solution 2023/20241. A real estate licensee has a buyer agency agreement. What is the seller in this situation? A. a customer B. a client C. a fiduciary D. an agent - correct answer A. There's an important distinction between client ...
final test practice for new jersey real estate test Question and answers rated A+ 2023/2024Who appoints the 8 members of the New Jersey Real Estate Commission? - correct answer Governor Who makes the payments to a claimant from the Guaranty Fund? - correct answer The state treasurer Agent Loui...
Preview 2 out of 7 pages
Add to cartfinal test practice for new jersey real estate test Question and answers rated A+ 2023/2024Who appoints the 8 members of the New Jersey Real Estate Commission? - correct answer Governor Who makes the payments to a claimant from the Guaranty Fund? - correct answer The state treasurer Agent Loui...
Final Exam NJ - Real Estate Part 3 Question and answers 2023/2024 verified to passIf a broker is expecting to receive a 6% commission on the sale of a $250,000 house, what will the commission be? - correct answer $15,000 A lot measuring 240' x 400' is selling for 400 a front foot what is the pr...
Preview 1 out of 4 pages
Add to cartFinal Exam NJ - Real Estate Part 3 Question and answers 2023/2024 verified to passIf a broker is expecting to receive a 6% commission on the sale of a $250,000 house, what will the commission be? - correct answer $15,000 A lot measuring 240' x 400' is selling for 400 a front foot what is the pr...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller flyhigher329. Stuvia facilitates payment to the seller.
No, you only buy these notes for $51.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
81177 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now