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

If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the commission be? a) $750 b) $1,500 c) $7,500 d) $15,000 - Answer d) $15,000 A lot measuring 240' by 400' is selling for $400 a front foot. What is the price? a) $1,600 b) $16,000 c) $72,000 d) $96,000 - Answer d) $96,000 If the frontage of a half acre lot is 100 feet, how deep is it? a) 154 ft b) 218 ft c) 248 ft d) 436 ft - Answer b) 218 ft An acre is how many Sqft? - Answer 1...

NJ Real Estate Exam Prep 2023-2024 Questions and Answers 100% Correct NJ Real Estate Exam Prep 2023-2024 Questions and Answers 100% Correct NJ Real Estate Exam Prep 2023-2024 Questions and Answers 100% Correct An Appraisal made by a Certified appraiser is REQUIRED? - ANSWER-WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - ANSWER-THE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer p...

An Appraisal made by a Certified appraiser is REQUIRED? - Answer WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - Answer THE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer put in purchase offer to make sure they would NOT have to purchase, if they CANNOT obtain financing? - Answer Contingency Conditions does NOT create stigmatized property that may or may not be disclosed under the law of...

NJ Real Estate Chapter 1 Questions and Answers 100% CorrectNJ Real Estate Chapter 1 Questions and Answers 100% CorrectNJ Real Estate Chapter 1 Questions and Answers 100% CorrectNJ Real Estate Chapter 1 Questions and Answers 100% CorrectNJ Real Estate Chapter 1 Questions and Answers 100% CorrectBroker - ANSWER-individual licensed to charge the public for real estate services Broker Salesperson - ANSWER-fully qualified broker who remains under another brokers's supervision Bureau of Subdivi...