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

COLIBRI NJ REAL ESTATE EXAM 2024| COLIBRI REAL ESTATE EXAM AND PRACTICE EXAM WITH A STUDY GUIDE | 300 ACCURATE AND VERIFIED QUESTIONS AND ANSWERS | LATEST UPDATE | GUARANTEED PASS | GRADED A | 2024

PSI NJ Real Estate Exam, PSI Practice Test. 2024, 136 Questions and Correct Answers. Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of th...

NJ Real Estate practice Exam Questions with Correct Answers Who must be licensed? - Answer-Anyone who takes part in a real estate transaction in NJ for another person for a fee, commission, or other valuable consideration Real Estate Commission - Answer-Composed by 8 members appointed by the governor, 5 r/e brokers who have been licensed as such for at least ten years, 2 members are chosen from the general public, and one member represents a department of the state government Classes o...

Seller A entered into an option contract with Buyer B. The contract allowed for a price of $200,000 which Seller A honor for a 12 month period exclusively for Buyer B. This would be an example of a - a unilateral contract in which only seller B has made a promise to perform. The purchased price for a new home was $230,000. The buyer put down 20%, and the balance was a mortgage for 80%of the purchase price. The appraised value at the time of closing was $220,000. What will the buyer pay for one ...

NJ REAL ESTATE PRACTICE EXAM 2021 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 - ANS 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 - ANS Spe...

NJ Real Estate Practice Exam Questions and Answers 2024

NJ REAL ESTATE PRACTICE EXAM 2021 Verified answers latest update

When talking with a broker about listing his home for sale, Frank Jackson made it clear that he " did not want to have the house shown to people who would change the neighborhood". What must the broker do? a. Refuse the listing if Frank intends to violate the Law Against Discrimination b. Refuse the listing unless Frank is willing to offer seller-financing c. Accept the listing on the condition that Frank will not be present when the house is shown d. Accept the listing after expla...