Nj real estate commission - Study guides, Class notes & Summaries

Kovats NJ Real Estate Exam Review Questions with Correct Answers advertising - Answer-- must have broker/brokerage firm name on all advertisings - websites must link to brokerage website and mention broker contact info - licensee name has to be equal in prominence if not less to broker name - mass emails must have unsubscribe buttons - broker has to review and approve realtor - Answer-A member of the National Association of Realtors licensees may offer a free estimate of value a...

NEW JERSEY (NJ) Real Estate Practice Exam with Answers 2024 1. Which of the following entries satisfies the requirement that an advertisement show that the broker is in the real estate brokerage business? A. J. Jones Realty B. J. Jones, Real Properties C. J. Jones, Real Estate Agency D. J. Jones, Real estate Ventures Answer: C All ads must indicate the name of the brokerage company followed by a term such as REALTOR, Realtist, real estate broker, or real estate agency. 2. A manager rent...

NJ Real Estate Exam Part 2 Question and answers 2023/2024 verified to passbroker's additional place of business - correct answer Branch Office mixing broker's money with that of others - correct answer commingling copy of a real estate contract with original signatures - correct answer duplicate original least severe discipline by the real estate commission - correct answer probation leave one broker and affiliate with another - correct answer A licensed salesperson is allowed to ...

NJ REAL ESTATE TERMS & KEY WORDS Question and answers rated A+ 2023/2024BROKER - correct answer The use of the term "Broker" refers to one who operates his or her own business. Any person or firm who, for a commission or other valuable consideration engages in listing, selling,buying, renting, negotiating, exchanging, or auctioning the real estate of others. BROKER-SALESPERSON - correct answer Fully qualified broker who remains under another broker's supervision BUREAU of SUBDIVIDED LA...

NJ Real Estate ExamBranch Office - correct answer broker's additional place of business commingling - correct answer mixing broker's money with that of others duplicate original - correct answer copy of a real estate contract with original signatures probation - correct answer least severe discipline by the real estate commission A licensed salesperson is allowed to - correct answer leave one broker and affiliate with another Under some circumstances, a real estate office may be...

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 properties sold in NJ continuing education - 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - Department of Banking and Insurance. 8 members. 5 brokers for at least 10 years, two from general...

1. Which of the following entries satisfies the requirement that an advertisement show that the broker is in the real estate brokerage business? A. J. Jones Realty B. J. Jones, Real Properties C. J. Jones, Real Estate Agency D. J. Jones, Real estate Ventures Answer: C All ads must indicate the name of the brokerage company followed by a term such as REALTOR, Realtist, real estate broker, or real estate agency. 2. A manager rents a unit to a tenant who later has a car accident and is conf...

NJ Real Estate Exam 1 Question and answers rated A+ 2023/2024If 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 - correct answer d A lot measuring 240' by 400' is selling for $400 a front foot. What is the price? a) $1,600 b) $16,000 c) $72,000 d) $96,000 - corre

NEW JERSEY (NJ) Real Estate Practice Exam with Answers 2023 26. A seller's agent is contacted by a potential buyer whose financial status is questionable. When asked to write an offer, the agent should A. Refuse tow rite the offer. B. Insist on a prompt closing. C. Rask for a high earnest money payment. D. Relay any reservations to the seller. Answer D 27. A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST A. Deduct the amount collected f...

NJ Real Estate Exam - PRACTICE EXAM MATH QUESTIONS and answers 100% correct 2023/2024 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 - correct answer d) $15,000 A lot measuring 240' by 400' is selling for $400 a front foot. What is the price? a) $1,600 b) $16,000 c) $72,000 d) $96,000 - c