NJ Real Estate Exam Practice Questions and Answers.
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Course
NJ Real Estate
Institution
NJ Real Estate
NJRealEstateExamPracticeQuestionsand
Answers.
According to fair housing, which of these is not a protected class?
A. muslim
B. arab
C. homosexual
D. single mother - Correct Answer C. homosexual
The front door key to a house is:
A. chattel
B. fixture
C. improvement
D. trade fixture - Corr...
NJ Real Estate Exam Practice Questions and
Answers.
According to fair housing, which of these is not a protected class?
A. muslim
B. arab
C. homosexual
D. single mother - Correct Answer C. homosexual
The front door key to a house is:
A. chattel
B. fixture
C. improvement
D. trade fixture - Correct Answer 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. leases for less than one year - Correct Answer A. the definition of real property
An estate at will:
A. cannot be terminated
B. is terminated only if stated in the else's last will and testament
C. terminates on the death of the lessor or lessee
, D. terminates on the date specified in the lease agreement - Correct Answer C.
terminates on the death of the lessor or lessee
Which of the following is an essential element of a valid contract for the sale of real
estate?
A. price based on certified appraisal
B. signature of the listing broker
C. offer and acceptance
D. social security number of buyer and seller - Correct Answer C. offer and acceptance
The HUD-1 statement will still be used for a mortgage secured by a:
A. conventional loan used to purchase a single-family dwelling
B. single-family dwelling financed by an FHA-insured loan
C. a duplex, in which the purchaser will live, financed by a VA-guarenteed loan
D. reverse mortgage - Correct Answer D. reverse mortgage
Which of the following is a lien that does NOT have to be recorded?
A. money judgement
B. real estate taxes
C. a tax deed
D. a voluntary lien - Correct Answer B. real estate taxes
Whether a salesperson is associated with a broker as an employee or as an independent
contractor is important:
A. for income tax purposes
B. when applying for a license
C. when listing property, because and independent contractor may list in her own name
D. when establishing the escrow account - Correct Answer A. for income tax purposes
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