Weichert Real Estate School
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WEICHERT REAL ESTATE SCHOOL CHAPTER 11 QUESTIONS AND ANSWERS 100% CORRECTWEICHERT REAL ESTATE SCHOOL CHAPTER 11 QUESTIONS AND ANSWERS 100% CORRECTWEICHERT REAL ESTATE SCHOOL CHAPTER 11 QUESTIONS AND ANSWERS 100% CORRECTWEICHERT REAL ESTATE SCHOOL CHAPTER 11 QUESTIONS AND ANSWERS 100% CORRECTTypes of Contracts Brokers Engage In - ANSWER-Listing Agreement, Sales Contract, Option Agreements and Leases 
 
Contact Law - ANSWER-The general body of law that governs the operations of such agreements 
 
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Lease - ANSWER-transfer the right to possession and use of the owner's property to the tenant for a specified period of time 
 
Lessee - ANSWER-Renter / Tenant 
 
Lessor - ANSWER-Owner 
 
Demise - ANSWER-transfer of property by lease 
 
A lease is both a _______________________ and a _________________________. - ANSWER-Contract (both parties have conditions to follow) / Conveyance (grants a leasehold estate) 
 
NJ Statute of Frauds mandates that all leases over _______ years be in writing. - ...
WEICHERT REAL ESTATE SCHOOL - UNITS 1-8 QUESTIONS WITH VERIFIED SOLUTIONSWEICHERT REAL ESTATE SCHOOL - UNITS 1-8 QUESTIONS WITH VERIFIED SOLUTIONSWEICHERT REAL ESTATE SCHOOL - UNITS 1-8 QUESTIONS WITH VERIFIED SOLUTIONS 
Real Estate License Act - ANSWER-Title 45 Chapter 5 - laws governing real estate in the NJ 
 
Title 11, Chapter 5 - ANSWER-state rules and regulations for real estate licensees 
 
Real Estate Commission - ANSWER-- 8 members, 5-2-1 
- 5 brokers and state residents for past 10 yea...
WEICHERT REAL ESTATE SCHOOL EXAM QUESTIONS AND ANSWERS 100% CORRECTWEICHERT REAL ESTATE SCHOOL EXAM QUESTIONS AND ANSWERS 100% CORRECTWEICHERT REAL ESTATE SCHOOL EXAM QUESTIONS AND ANSWERS 100% CORRECT 
Who needs a real estate license? - ANSWER-Anyone who takes part in a real estate transaction in New Jersey for another person for a fee, commission, or other valuable consideration. 
 
Why did the state of New Jersey create real estate licensing regulations? - ANSWER-To protect the general public...
WEICHERT REAL ESTATE SCHOOL CHAPTER 1 QUESTIONS AND ANSWERS 100% CORRECTWEICHERT REAL ESTATE SCHOOL CHAPTER 1 QUESTIONS AND ANSWERS 100% CORRECTWEICHERT REAL ESTATE SCHOOL CHAPTER 1 QUESTIONS AND ANSWERS 100% CORRECT 
Property Management - ANSWER-Management of another's property for compensation 
 
Brokerage - ANSWER-Bringing together parties interested in a real estate transaction 
 
Realtor ® - ANSWER-Member of National Association of REALTORS, adhere to Code of Ethics
NMLS SAFE Mortgage Loan 
Practice Exams 2025 A+ 
Success