Nj psi exam Study guides, Class notes & Summaries

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NJ PSI Property and Casualty Exam with 100% Correct Answers 2023 The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - Correct Answer-D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartm...

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NJ PSI EXAM PRACTICE QUESTIONS AND DETAILED ANSWERS 2024 UPDATE

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? - ️️The first sold. When compiling a competitive market analysis, a broker would look for comparable properties that - ️️were located near the property being listed. If an older building cannot be air-conditioned, it is an example of - ️️functional obsolescence. A prospective seller ...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? - correct answer customer An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - correct answer He must exercise his option under the terms of the option contract When can a landlord evict a disabled...

PSI NJ REAL ESTATE EXAM, PSI PRACTICE TEST EXAM STUDY MATERIALS QUESTION AND ANSWERS (VERIFIED ANSWERS)