PSI Real Estate State Exam (NJ) Question and answers rated A+ 2023/2024

PSI Real Estate State Exam (NJ) Question and answers rated A+ 2023/2024 C. an involuntary lien - correct answer When a land owner uses his land as security for a loan, the encumbrance created is called. C. Question the seller to any known defects - correct answer If an owner wants to list a property for sale "as is," the listing agent should A. licensee must hold a timeshare license - correct answer According to the New Jersey Real Estate Time Share Act, if a licensee is selling a timeshare located within the state of New Jersey, all of the following are true EXCEPT that the C. Yes, if the broker directs the salesperson not to cooperate - correct answer May a New Jersey real estate licensee decline to cooperate with other New Jersey licensees A. Economic obsolesce - correct answer A motel is the subject of an appraisal and it is determined that rerouting of a county highway has limited customer access to to the motel. This is an example of D. The agreement is voidable until a legal description is provided - correct answer An exclusive buyer representation agreement does not include a legal description of the property. What is the result of this omisison? D. Unearned rent collections in advance? - correct answer Which of the following items would be prorated at closing with credit going to t