Nj radon - Study guides, Class notes & Summaries

NJ Title Insurance RE Practice Exam with Correct Questions and Answers Seller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - CORRECT ANSWER-a unilateral contract in which only seller A has made a promise to perform. The purchased price for a new home was $230,000. The buyer put down 20%, and the balance was a mortgage for 80%of the purchase ...

NJ real estate exam questions 2023A. radon B. lead-based paint C. neighborhood composition D. seller's property disclosure - ANSWER B. lead-based paint An individual Is hired by the homeowners' association of KLM Condominiums. The individual is not required to be a real estate licensee in New Jersey UNLESS the individual o engages in which of the following activities? A. Collecting the monthly association membership fees B. Negotiating a contract with a security service C. Retaining ...

The law which requires that transfers of real property ownership be in writing is known as the... - Answer- statute of frauds In a VA loan, there must be... - Answer- an approved appraisal When a land contract is entered into... - Answer- the buyer acquires equitable title A 5 bedroom, 1 bathroom residence is an example of what type of depreciation? - Answer- Functional Name 3 essential requirements for a valid deed... - Answer- 1. The buyer and seller must be named 2. Words of Conv...

FINAL EXAM -NJ REAL ESTATE Questions and Answers Passed 100% 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 Sale Deed 4. Bargain and Sale Deed, CAG *ANS* Bargain and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilities Taxes 3. Ad Valorem Taxes 4. Lu...

Practice Test 2- NJ Real Estate Exam (Multiple Choice) Answered 100% Correct According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother *ANS* C. homosexual The front door key to a house is: A. chattel B. fixture C. improvement D. trade fixture *ANS* B. fixture The phrase "bundle of legal rights" is properly included in: A. the definition of real property B. a legal description C. real estate transactions D. le...

Latest Epidemiology Final Exam The Scientific Method - ANS Techniques for investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge. Consists of the collection of data through observation and/or experimentation, and the formulation of hypotheses which are testable and open to falsification. Utilizes methods to minimize or eliminate bias in data collection and analysis. Requires one to document, archive and share all data and...

Test 3- NJ REAL ESTATE Exam Questions with Verified Answers Rated A+ Which 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 *ANS* C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the l...

Real nj Real Estate Final Exam Questions And Answers. Verified And Updated. A tax assessor determined that a commercial building with a 3.5% mortgage has a market value of $400,000. If the assessed value is 60% of market value and the tax rate is 63 1/2 mills, what is the annual tax? A. $5,305.50 B. $8,837.50 C. $15,150.00 D. $25,250.00 - answerC. 15,150.00 Which of the following statements about airborne radon is TRUE? o. A. it has an easily detectable odor. B. its only found in olde...