NJ Real Estate Exam Practice Questions and Answers.
0 view 0 purchase
Course
NJ Real Estate
Institution
NJ Real Estate
NJRealEstateExamPracticeQuestionsand
Answers.
According 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
B. fixture
C. improvement
D. trade fixture - Corr...
NJ Real Estate Exam Practice Questions and
Answers.
According 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
B. fixture
C. improvement
D. trade fixture - Correct Answer B. fixture
The phrase "bundle of legal rights" is properly included in:
A. the definition of real property
B. a legal description
C. real estate transactions
D. leases for less than one year - Correct Answer A. the definition of real property
An estate at will:
A. cannot be terminated
B. is terminated only if stated in the else's last will and testament
C. terminates on the death of the lessor or lessee
, D. terminates on the date specified in the lease agreement - Correct Answer C.
terminates on the death of the lessor or lessee
Which of the following is an essential element of a valid contract for the sale of real
estate?
A. price based on certified appraisal
B. signature of the listing broker
C. offer and acceptance
D. social security number of buyer and seller - Correct Answer C. offer and acceptance
The HUD-1 statement will still be used for a mortgage secured by a:
A. conventional loan used to purchase a single-family dwelling
B. single-family dwelling financed by an FHA-insured loan
C. a duplex, in which the purchaser will live, financed by a VA-guarenteed loan
D. reverse mortgage - Correct Answer D. reverse mortgage
Which of the following is a lien that does NOT have to be recorded?
A. money judgement
B. real estate taxes
C. a tax deed
D. a voluntary lien - Correct Answer B. real estate taxes
Whether a salesperson is associated with a broker as an employee or as an independent
contractor is important:
A. for income tax purposes
B. when applying for a license
C. when listing property, because and independent contractor may list in her own name
D. when establishing the escrow account - Correct Answer A. for income tax purposes
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
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!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
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.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Lectjoe. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $23.49. You're not tied to anything after your purchase.
