Nj property license - Study guides, Class notes & Summaries

NJ Real Estate practice Exam Questions with Correct Answers Who must be licensed? - Answer-Anyone who takes part in a real estate transaction in NJ for another person for a fee, commission, or other valuable consideration Real Estate Commission - Answer-Composed by 8 members appointed by the governor, 5 r/e brokers who have been licensed as such for at least ten years, 2 members are chosen from the general public, and one member represents a department of the state government Classes o...

NJ Property license 1Test Well Solved 2023What are the methods of managing risk? - ANSWER Avoidance, transfer, sharing, retention, reduction What is the fee a person pays an insurance company to receive coverage? - ANSWER Premium Self -insuring is typically used for what type of insurance? - ANSWER Workers compensation A tornado that destroys a property would be an example of what? - ANSWER Peril A state-issued document empowering an insurance company to become an admitted insurer is...

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NJ Real Estate Exam Questions According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license d. disclose in the contract of sale that th...

NJ Title Insurance Reloaded Final Actual Exam In 1869 in Paul vs Virginia case the the US Supreme Court ruled that insurance? - CORRECT ANSWER-Was not interstate Commerce. In 1944, in the South-Eastern Underwritters Association (SEUA) case, the U.S. Supreme Court ruled that insurance? - CORRECT ANSWER-Was interstate commerce and was subject to Federal regulation. The McCarran-Ferguson Act of 1945 states that individual states are subject to the authority of the? - CORRECT ANSWER-Feder...

What are the methods of managing risk? Avoidance, transfer, sharing, retention, reduction What is the fee a person pays an insurance company to receive coverage? Premium Self -insuring is typically used for what type of insurance? Workers compensation A tornado that destroys a property would be an example of what? Peril A state-issued document empowering an insurance company to become an admitted insurer is called what? Certificate of Authority Why are the...

NJ Title Insurance Exam 2022 Reloaded Questions And Answers. In 1869 in Paul vs Virginia case the the US Supreme Court ruled that insurance? Was not interstate Commerce. In 1944, in the South-Eastern Underwritters Association (SEUA) case, the U.S. Supreme Court ruled that insurance? Was interstate commerce and was subject to Federal regulation. The McCarran-Ferguson Act of 1945 states that individual states are subject to the authority of the? Federal Government Activities performed to ...

All applicators of any pesticides or their supervisors must have state certification. T/F - ANSWER T Pesticide applicators of any pesticides may be classified as private applicators if they apply a pesticide: A. only on their own property B. To produce agricultural commodities primarily on the property of other people C. To produce agricultural commodities on their own property D. on the property of others for hire and their own property - ANSWER C Pesticides in the restricted-use cate...

NJ Real Estate Exam 2 Questions with complete solution 2023/2024Broker - correct answer One who buys and sells for another for a fee. Broker-Salesperson - correct answer A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - correct answer regulations covering out of state properties sold in NJ continuing education - correct answer 12 hours required every two years, two of which must be on ethics ...

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...