Alloidial Study guides, Class notes & Summaries

Alloidial System - System where people have the right to own full and complete property rights in land subject only to the various public and private restrictions. National Association of Realtors (NAR) - Group of real estate agents who maintain ethics codes and standards for the industry Realtor - Trade name can only be used by members of National Association of Realtors (NAR) New Jersey Real Estate License Act - Designed to license and regulate brokers and salespersons and to establis...

Abstract of Title - Answer-A _____ exam summary prepared from the records in the registry of deeds Accounting - Answer-One of the seven fiduciary duties of an agent to a client: agent must report to the client how money held for the client is to be handled Accretion - Answer-The process by which a brook, river, stream or oceanic action adds land to an existing parcel Adjustments - Answer-For CMA: sold properties are used to estimate a sales price - the __________ is for differences in t...

Abstract of Title - ANSWERA _____ exam summary prepared from the records in the registry of deeds Accounting - ANSWEROne of the seven fiduciary duties of an agent to a client: agent must report to the client how money held for the client is to be handled Accretion - ANSWERThe process by which a brook, river, stream or oceanic action adds land to an existing parcel Adjustments - ANSWERFor CMA: sold properties are used to estimate a sales price - the __________ is for differences in the p...

Alloidial System - ️️System where people have the right to own full and complete property rights in land subject only to the various public and private restrictions. National Association of Realtors (NAR) - ️️Group of real estate agents who maintain ethics codes and standards for the industry Realtor - ️️Trade name can only be used by members of National Association of Realtors (NAR) New Jersey Real Estate License Act - ️️Designed to license and regulate brokers and sale...

Abstract of Title - ANSWERA _____ exam summary prepared from the records in the registry of deeds Accounting - ANSWEROne of the seven fiduciary duties of an agent to a client: agent must report to the client how money held for the client is to be handled Accretion - ANSWERThe process by which a brook, river, stream or oceanic action adds land to an existing parcel Adjustments - ANSWERFor CMA: sold properties are used to estimate a sales price - the __________ is for differences in the p...

NJ Title Producer Terms & Concepts with Written Questions and Verified Answers Feudal ANSWER Royalty Alloidial ANSWER Commoner Littoral rights (WATER) ANSWER Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that have a tide. Merger ANSWER When lesser interest is automatically absorbed when greater interest is acquired Real Estate ANSWER Land itself and whatever is affixed to it Personal property ANSWER Any property that is not real property...

NJ Title Producer Terms & Concepts questions and answers graded A+ by experts 2024/2025

NJ TITLE PRODUCER TERMS & CONCEPTS TEST WITH ALL ANSWERS