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

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NJ Real Estate Exam 2023-2024 Questions and Answers 100% CorrectNJ Real Estate Exam 2023-2024 Questions and Answers 100% CorrectNJ Real Estate Exam 2023-2024 Questions and Answers 100% CorrectTitle 45 - ANSWER-New Jersey's real estate license law is known as Draw up a binding lease for a new tenant in a property the resident owns - ANSWER-an unlicensed New Jersey resident may two years - ANSWER-a real estate license is valid for 18 - ANSWER-according to the law, to obtain a salesperson...

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Water Rights - ANSWER 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 - ANSWER an agent to the broker and a subagent to the principal. Depreciation is calculated based on the - ANSWER Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the - ANSWER mortgagor A c...

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 ha...

Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - AC. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the land only. C. both the land and the building. D. income obtained from the ...

Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - ANSWER-C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the land only. C. both the land and the building. D. income obtained fro...

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 ha...

Chapter 3 - Answer New Jersey License Laws real estate commission - Answer 8 members - 5 brokers who have been state residents for atleast 10 years - 2 members of the public - 1 government designee the real estate commission is funded by? - Answer the department of banking and insurance how many days of notice are needed for the real estate commission to search broker records? - Answer zero what kind of power does the real estate commission have? - Answer subpoena power Sales...

Title 45 - Answer New Jersey's real estate license law is known as Draw up a binding lease for a new tenant in a property the resident owns - Answer an unlicensed New Jersey resident may two years - Answer a real estate license is valid for 18 - Answer according to the law, to obtain a salesperson's license one must reach the age of 150 - Answer a broker must have completed how many hours of study in addition to the original salesperson's course? one year - Answer the prelicens...