Nj re practice exam - Study guides, Class notes & Summaries

Notaries public are commissioned by _____________ - Answer- The Secretary of State A/An _________ may be appointed a notary public without an examination - Answer- an *attorney* admitted to practice in New York State (bonus point: also exempt are officially appointed *Court Clerks* in the NY State court system) True/False: Non-residents of New York state who have offices or places of business in the state may also become notaries. - Answer- True. An office or place of business is suf...

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 price. The appraised value at the time of closing was $220,000. What wi...

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NJ Property State Exam Questions and Answers Any GDL driver under 21, must display what on their license plates? How many? 2 Red Decals When obtaining a specials learners permit, before practice driving can begin, a driver must: hold validated permit from an MVC driver testing center If you decide to take the young adult road driving option (under 21), when would you receive a Probationary License and be able to drive unsupervised? -pass MVC road test - 6 months of supervised drivin...

NJ RE SCHOOL PRACTICE EXAM FINAL EXAM UPDATE

New York State Notary Public License Exam Questions with accurate answers. Rated A Document Content and Description Below Notaries public are commissioned by _____________ - ☑☑The Secretary of State A/An _________ may be appointed a notary public without an examination - ☑☑an *attorney* admitted to practice in New York State (bonus point: also exempt are officially appointed *Court Clerks* in the NY State court system) True/False: Non-residents of New York state who have offices or pla...

Regulation Z requires the disclosure of which of following? A. Respa B. APR C. NAR D. CMA - B. APR Two men own a parcel of land as joint tenants. One of them dies, and his will stipulates that his interest will pass to his wife and, upon her death, to hiss children. What type of estate do the children have? A. Estate in reversion B. Estate in remainder C. Life estate D. No estate - D. no estate Something of value offered by one part and accepted by another as inducement to perform is...

Notaries public are commissioned by _____________ - ☑☑The Secretary of State A/An _________ may be appointed a notary public without an examination - ☑☑an *attorney* admitted to practice in New York State (bonus point: also exempt are officially appointed *Court Clerks* in the NY State court system) True/False: Non-residents of New York state who have offices or places of business in the state may also become notaries. - ☑☑True. An office or place of business is sufficien...

Civil Procedure Final Exam litigation - ANS the process by which parties seek to resolve their dispute by going to court Sources of legal authority - ANS A. 1) constitutions (highest form of law); 2) statutes (acts of congress, peoples reps from each state); 3) court rules (procedures in every court system); 4) case law primary, and potentially binding ; 5) treaties; 6) regulations; 7) ordinances stare decisis - ANS top down precedent, must abide by decided cases-This e...

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 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. Luxury Rates Special Assessments After Borrowers have indicated a...