New jersey real estate - Study guides, Class notes & Summaries

New Jersey Real Estate Exam - Commission Rules & Regulations (Commission Rules and Regulations) Questions With Complete Solutions.

New Jersey Real Estate Study Guide 2023 Verified answers latest update

New Jersey Real Estate Exam #1 Practice Questions 2024. 1. A real estate licensee has a buyer agency agreement. What is the seller in this situation? A. a customer B. a client C. a fiduciary D. an agent - correct answer A. There's an important distinction between client and customer. Unless there is a specific agreement to the contrary, licensees represent only one side in a transaction. In this case, it's the buyer who is the client and it's the licensee's obligation to negotiat...

New Jersey Real Estate State Exam Practice Questions and Complete Solutions Graded A+

According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother - C. homosexual The front door key to a house is: A. chattel B. fixture C. improvement D. trade fixture - 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 - A. the definition of real property

An Appraisal made by a Certified appraiser is REQUIRED? - WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - 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? - Contingency Conditions does NOT create stigmatized property that may or may not be disclosed under the law of some state? - THE OWNE...

New Jersey Real Estate Exam Prep Question and answers 2023/2024 verified to passMark, a licensed broker, procures a ready, willing, and able buyer for his seller-principal. The seller accepts the buyer's offer in writing. Just before the schedule closing, the seller has a change of heart and refuses to sell. Mark - correct answer is entitle to collect a full commission A real estate company has entered into agency agreements with both a seller and a buyer. The buyer is interested in making a...

Who appoints the 8 members of the New Jersey Real Estate Commission? - Governor Who makes the payments to a claimant from the Guaranty Fund? - The state treasurer Agent Louis Lee is working with several people from his home town in Hong Kong. They sought him out because he speaks their native language. The Chans are anxious to purchase a house before the school year starts. Agent Lee listens to their needs and tells them, "I know exactly where you will be comfortable". Has agent Lee commi...

Mark, a licensed broker, procures a ready, willing, and able buyer for his seller-principal. The seller accepts the buyer's offer in writing. Just before the schedule closing, the seller has a change of heart and refuses to sell. Mark - is entitle to collect a full commission A real estate company has entered into agency agreements with both a seller and a buyer. The buyer is interested in making an offer on the seller's property. Can this occur? - Yes, if the buyer and seller both give w...

New Jersey Real estate practice exam test B questions and answers a summary of the history of all conveyances and legal proceedings affecting a specific parcel of real estate is called - Answer-abstract of title at the closing, the cost of filing the deed in the public records usually appears as a - Answer-debit to the buyer a person cannot successfully claim that he or she did not know about the contents of any recorded decument. this legal principal is known as - Answer-constructiv...