Nj real estate exam 2023 - Study guides, Class notes & Summaries

nj real estate exam 2023 with 100% correct answers

NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS (GRADED A) NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS (GRADED A) NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS (GRADED A) NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS AND ANSWERS (GRADED A) 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 ...

NJ Real Estate Exam 2023 with 100% 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

Broker - CORRECT ANSWER Individual licensed to charge the public for real estate services Broker-Salesperson - CORRECT ANSWER fully qualified broker who remains under another broker's supervision Bureau of Subdivided Land Sales Control - CORRECT ANSWER state agency that approves and registers some out-of-state property Continuing Education - CORRECT ANSWER Classes required for license renewal Guaranty Fund - CORRECT ANSWER Reimburses people defrauded or badly served by licensees i...

NJ Real Estate Exam 2023 (Questions and answers, 100% verified) 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 ...

nj real estate exam 2023 with 100% correct answers

nj real estate exam 2023 with 100% correct answers

NJ Real Estate Exam 2023 with 100% correct answers Broker Broker-Salesperson Bureau of Subdivided Land Sales Control Continuing Education Guaranty Fund New Jersey Real Estate Commission Real Estate License Act Real Estate Sales Full Disclosure Act REALTOR® REALTOR-ASSOCIATE Referral Agent Referral Fee Salesperson Title 11, Chapter 5 Branch Office Commingling Duplicate Original Escrow Account Guilty Knowledge Probation Revocation Suspension Trust Account Waiver of Broker ...

nj real estate exam 2023 with 100% correct answers