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

When talking with a broker about listing his home for sale, Frank Jackson made it clear that he " did not want to have the house shown to people who would change the neighborhood". What must the broker do? a. Refuse the listing if Frank intends to violate the Law Against Discrimination b. Refuse the listing unless Frank is willing to offer seller-financing c. Accept the listing on the condition that Frank will not be present when the house is shown d. Accept the listing after expla...

NJ REAL ESTATE PRACTICE EXAM 2024 QUESTIONS WITH COMPLETE SOLUTIONS ( A+ GRADED 100% VERIFIED).

NJ Real Estate Practice Exam Questions and Answers 2024

NJ REAL ESTATE PRACTICE EXAM 2021(UPDATED) Question and answers correctly solved 2023/2024The 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 - correct answer Bargain and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilitie...

NJ REAL ESTATE PRACTICE EXAM 2024 100% correct!. 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 - ANSWER Special Assessments 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 - ANSWE...

PSI NJ Real Estate Exam, PSI Practice Test|100% Verified Complete solutions|Newly Updated 2023! 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 i...

PSI NJ Real Estate Practice Exam Question and answers rated A+ 2023/2024 Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price? - correct answer The first sold. When compiling a competitive market analysis, a broker would look for comparable properties that - correct answer were located near the property being listed. If an older building cannot be ai...

NJ Real Estate Practice Exam Questions and Answers 2024

A written agreement in which a purchaser agrees to buy and a seller agrees to sell is called a contract Antitrust laws prohibit competing brokers from all of the following 1. boycotting other brokers in the marketplace. 2. dividing the market to restrict competition. 3. agreeing to set sales commissions and management rates. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen When a sewer line is install...