New Jersey Real Estate Bundled Exams Questions and Answers with Verified Solutions

NJ REAL ESTATE PRACTICE EXAM (2022/2023) ALREADY PASSED 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 Bargain...

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 proper...

NJ Real Estate License Exam Graded A+ 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-sta...

NJ Real Estate Exam Practice Questions with Verified Answers According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother C. homosexual The front door key to a house is: A. chattel B. fixture C. improvement D. trade fixture B. fixture ...

NJ real estate exam questions and answers 100% pass 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...

Final test practice for New Jersey real estate test with verified solutions Who appoints the 8 members of the New Jersey Real Estate Commission? Governor Who makes the payments to a claimant from the Guaranty Fund? The state treasurer Agent Louis Lee is working with several people from his home to...

NJ real estate salesperson exam latest 2023 graded A+ assignment transfer of interest in a contract to a third party bilateral contract contract with a promise by each party breach of contract violation of a contract competent parties those legally qualified to enter into contracts consideration...

NJ Real Estate Exam - PRACTICE EXAM/MATH QUESTIONS 100% PASS 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 d) $15,000 A lot measuring 240' by 400' is selling for $400 a front foot. What is the...

ew Jersey Real Estate Exam #1 Already Passed 1. 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 A. There's an important distinction between client and customer. Unless there is a specific agreement t...

NJ Real Estate Exam (2022/2023) Already Passed Broker Individual licensed 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 ou...

NJ Real estate Exam Prep Latest 2023 Graded A+ An Appraisal made by a Certified appraiser is REQUIRED? WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? THE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buy...

NJ Real Estate - contracts review already passed An offer may be terminated by Lapse of agreed time, acceptance of offer, counteroffer An option is A unilateral contract, binding only on one party, accepted by performance e A real estate license may legally prepare A month to month apartment lease...

NJ Real Estate Unit 2: Commission Rules and Regulations Already Passed Waiver of Broker Cooperation Form sellers must sign for an office-exclusive listing Trust Account Another name for escrow account Suspension Temporary lifting of a real estate license Revocation Cancellation of a real estate l...

NJ Real Estate Salesperson Exam Already Graded A What is the collateral in a home loan? The property itself When someone contributes to the construction or rehabilitation of a property with labor or services rather than cash, that contribution is called? sweat equity If you were buying a house tha...