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NJ Real Estate Final Exam, PSI Practice Test Questions and Correct Answers
NJ Real Estate Final Exam, PSI Practice Test Questions and Correct Answers
[Show more]NJ Real Estate Final Exam, PSI Practice Test Questions and Correct Answers
[Show more]Which 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' evening seminar 
D. Free use of a local moving van for all listings - C. A Free ...
Preview 3 out of 29 pages
Add to cartWhich 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' evening seminar 
D. Free use of a local moving van for all listings - C. A Free ...
Seller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - a unilateral contract in which only seller B has made a promise to perform. 
The purchased price for...
Preview 4 out of 35 pages
Add to cartSeller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - a unilateral contract in which only seller B has made a promise to perform. 
The purchased price for...
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 submi...
Preview 4 out of 85 pages
Add to cartAccording 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 submi...
A buyer and seller agree to prorate the cost of lawn maintenance, cleaning fees, and related services on a property. The cost prepaid by the seller is $450 for the month of June. The closing date is June 20, with the seller paying for the day of closing. How much does the buyer owe? 
B. 150$ 
The se...
Preview 4 out of 73 pages
Add to cartA buyer and seller agree to prorate the cost of lawn maintenance, cleaning fees, and related services on a property. The cost prepaid by the seller is $450 for the month of June. The closing date is June 20, with the seller paying for the day of closing. How much does the buyer owe? 
B. 150$ 
The se...
A tax assessor determined that a commercial building with a 3.5% mortgage has a market value of $400,000. If the assessed value is 60% of market value and the tax rate is 63 1/2 
mills, what is the annual tax? 
A. $5,305.50 
B. $8,837.50 
C. $15,150.00 
D. $25,250.00 - C. 15,150.00 
Which of the fol...
Preview 4 out of 67 pages
Add to cartA tax assessor determined that a commercial building with a 3.5% mortgage has a market value of $400,000. If the assessed value is 60% of market value and the tax rate is 63 1/2 
mills, what is the annual tax? 
A. $5,305.50 
B. $8,837.50 
C. $15,150.00 
D. $25,250.00 - C. 15,150.00 
Which of the fol...
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 ...
Preview 3 out of 20 pages
Add to cartWater 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 ...
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