New jersey real estate - Study guides, Class notes & Summaries

New Jersey Real Estate Exam #1 Questions and answers latest update

New Jersey's real estate license law is known as A) The Statue of Frauds B) Title VII C) Title 45 D) The Law of Agency - C - Title 45 An unlicensed New Jersey Resident may A) Help a neighbor sell his or her house in return for a used car B) Negotiate the purchase of vacant land on behalf of a developer in return for one lot C) Draw up a binding lease for a new tenant in a property the resident owns D) Charge a fee for selling someone else's pizza business, including name, ovens, truck...

PSI Exam Questions and Answers 100% Correct| Latest 2024 what would prevent a seller from providing marketable title Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include the name of the MLS According to the New Jersey Real estate Licen...

New Jersey Real Estate Exam #1 Questions with complete solution 2023/20241. 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 - correct answer A. There's an important distinction between client and customer. Unless there is a specific agreement to the contrary, licensees represent only one side in a transaction. In this case, it's the buyer who is the client and it's the licensee's obliga...

New Jersey Real Estate State Exam Practice Questions with Correct Answers The commission will rule that someone could never again get a license after how many violations? - Answer-3 Rebate of part of a commission may be paid to a A) Seller only B) Buyer only C) Home inspector D) Seller or buyer - Answer-B - Buyer only The Real Estate Commission must give a licensee how much notice before a hearing is held on a possible violation? - Answer-10 Days A real estate firm holds a door-p...

New Jersey PSI Real Estate Exam With complete solutions. 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 of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title...

NEW JERSEY REAL ESTATE EXAM 1 AND 2 EACH WITH 150 QUESTIONS AND CORRECT ANSWERS

New Jersey Real Estate Exam #1 Questions and Answers (Graded A)New Jersey Real Estate Exam #1 Questions and Answers (Graded A)New Jersey Real Estate Exam #1 Questions and Answers (Graded A)New Jersey Real Estate Exam #1 Questions and Answers (Graded A). An optionor and an optionee make a contract for an option on a commercial piece of property. If th

NEW JERSEY REAL ESTATE EXAM PREP | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ NEW JERSEY REAL ESTATE EXAM PREP | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ NEW JERSEY REAL ESTATE EXAM PREP | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

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 and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilities Taxes 3. Ad Valorem Taxes 4. Luxury Rates - Special Assessments After Borrowers have indicated an intent to p...