Nj real estate final exam - Study guides, Class notes & Summaries

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

Final Exam NJ - Real Estate Part 3 Question and answers 2023/2024 verified to passIf a broker is expecting to receive a 6% commission on the sale of a $250,000 house, what will the commission be? - correct answer $15,000 A lot measuring 240' x 400' is selling for 400 a front foot what is the price? - correct answer $96,000 If the frontage of a half acre lot is 100 feet, how deep is it? - correct answer 218 feet Louis Jackson is purchasing a house for $325,000. His lender requires a 20...

NJ REAL ESTATE EXAM QUESTIONS REAL AND FINAL EXAM WITH QUESTIONS AND ANSWERS

Final Exam NJ - Real Estate Part 1 Questions with Correct Answers Unlike employees, sales persons who are independent contractors CANNOT rely on their brokers for - Answer-health insurance benefits After receiving a commission payment, a broker must pay the salesperson's share within - Answer-ten days In acting as fiduciary for a principal, the broker must - Answer-place the principal's interest above all others Megan's Law statement on real estate contracts and leases advis...

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

NJ Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

Final Exam NJ - Real Estate Part 3 Questions Clearly Answered 2024. If a broker is expecting to receive a 6% commission on the sale of a $250,000 house, what will the commission be? - correct answer $15,000 A lot measuring 240' x 400' is selling for 400 a front foot what is the price? - correct answer $96,000 If the frontage of a half acre lot is 100 feet, how deep is it? - correct answer 218 feet Louis Jackson is purchasing a house for $325,000. His lender requires a 20% down paymen...