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

nj real estate exam questions Question and answers 2023/2024 verified to passWhich of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - correct answer C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building...

NJ Real Estate Exam Complete Test 2024. Broker - 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 NJ Real Estate Commi...

NJ Real Estate Exam 2 Final Test Guide Questions 2024. Broker - 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 NJ Re...

NJ Real Estate Exam Questions with All Correct Answers 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 - 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 - Answer-d If the frontage of a half acre lot is 100 feet, how deep is it? a) 154 ft b) 218 ft c) 248 ft d) 436 ft - Answer-b An...

NJ Real Estate Commission - correct answer Administration of NJ RE licenses by? Dept. of Banking and Insurance - correct answer NJ Real Estate Commission is under Real Estate License Act Title 14 Chapter 15 - correct answer Licenses governed by? Title 11, Chapter 5 - correct answer Rules and regulation...

NJ Real Estate Study Guide Exam Questions with 100% Complete Solutions 50,000 - Answer-for a license law violation, the real estate commission could fine a license as much as 3 - Answer-the commission will rule that someone could never again get a license after how many violations? buyer only - Answer-rebate as part of a commission may be paid to a 10 days - Answer-the real estate commission must give a licensee how much notice before a hearing is held on a possible violation viol...

Chapter 3 - Answer New Jersey License Laws real estate commission - Answer 8 members - 5 brokers who have been state residents for atleast 10 years - 2 members of the public - 1 government designee the real estate commission is funded by? - Answer the department of banking and insurance how many days of notice are needed for the real estate commission to search broker records? - Answer zero what kind of power does the real estate commission have? - Answer subpoena power Sales...

NJ REAL ESTATE ACTUAL EXAM QUESTIONS WITH CORRECT ANSWERS A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties? a. any commercial real estate b. an apartment building c. a six family dwelling unit d. a single family residential vacant lot - Answer-d. a single family residential vacant lot A seller is interested in providing financing to the buyer of her homes, but she wants to retain title until th...

NJ Real Estate Exam - Timelines & Fines Question and answers 100% correct 2023/2024 How long from class end date to pass the School and State Exam and submit license application - correct answer 1 year How long must a Salesperson wait until they are eligible for a Broker's license - correct answer 3 years full-time Members of the Real Estate Commission Serve terms of - correct answer 3 years Broker Candidates require additional classroom education in the amount of (hours) - correct an...

NJ REAL ESTATE TERMS & KEY WORDS COMPLETE STUDY GUIDE EXAM 2024.BROKER - 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 LAND SALES ...