Nj real estate practice - Study guides, Class notes & Summaries

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PSI NJ Real Estate Practice Exam Questions with correct Answers 2024( A+ GRADED 100% VERIFIED).

1. Which of the following entries satisfies the requirement that an advertisement show that the broker is in the real estate brokerage business? A. J. Jones Realty B. J. Jones, Real Properties C. J. Jones, Real Estate Agency D. J. Jones, Real estate Ventures Answer: C All ads must indicate the name of the brokerage company followed by a term such as REALTOR, Realtist, real estate broker, or real estate agency. 2. A manager rents a unit to a tenant who later has a car accident and is conf...

NJ Real Estate Practice Test 1 Questions and Complete Solutions Graded A+

NJ Real Estate Practice Exam Questions and Answers In a new subdivision, streets, sidewalks, and curbs are usually provided by the: A. municipality B. county C. property owners D. developer - Answer-D. developer The term condominium refers to a(n): A. apartment B. type of ownership C. type of building D. PUD - Answer-B. type of ownership A broker's license is suspended by the Real Estate Commission. His salespeople must immediately: A. find a new broker to associate w...

NJ REAL ESTATE PRACTICE EXAM QUESTIONS & ANSWERS GUIDE 2024. 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 - correct answer 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 Taxe...

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 - Answer-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 - Answer-Special Assessments After Borrowers have indicated ...

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? - correct answer The first sold. When compiling a competitive market analysis, a broker would look for comparable properties that - correct answer were located near the property being listed. If an older b...

NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS WITH COMPLETE SOLUTIONS If two similar houses are for sale in a certain location, the one with the lower price is usually bought first. This is the principle of 1. Supply and Demand 2. Substitution 3. Conformity 4. Progression - Answer-Substitution In New Jersey, which of the following is essential for any contract? 1. In writing 2. Consideration 3. Date 4. Plain-Language requirement - Answer-consideration An in rem pro...

NJ Real Estate Practice Exam Questions and Answers 2024