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

NJ Real Estate Commission - correct answer Administration of NJ RE licenses by? Dept. of Banking and Insurance - correct answer NJ Real Estate Commission is under Real Estate License Act Title 14 Chapter 15 - correct answer Licenses governed by? Title 11, Chapter 5 - correct answer Rules and regulation...

Broker - ANSWER-One who buys and sells for another for a fee. Broker-Salesperson - ANSWER-A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - ANSWER-regulations covering out of state properties sold in NJ continuing education - ANSWER-12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - ANSWER-Department of Banking and Insurance. 8 members. 5 brokers ...

Broker - ️️One who buys and sells for another for a fee. Broker-Salesperson - ️️A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - ️️regulations covering out of state properties sold in NJ continuing education - ️️12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - ️️Department of Banking and Insurance. 8 members. 5 brokers for a...

NJ Real Estate Exam 2023 (Questions and answers, 100% verified) NJ Real Estate Exam 2023 (Questions and answers, 100% verified) Broker One who buys and sells for another for a fee. Broker-Salesperson A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control regulations covering out of state properties sold in NJ continuing education 12 hours required every two years, two of which must be on ethics ...

PSI NJ Real Estate Exam / PSI Practice Test - Q & A The Equal Credit Opportunity Act addresses all of the following EXCEPT a. discrimination in lending b. written statements of credit denial c. acceptable factors for borrower analysis d. standardization of interest rates Under the terms of their listing contract, the owners may sell their house themselves and pay no commission. If their agent sells it, a commission will be due. What kind of listing contract do the owners have? exclusive agency...

NJ Real Estate Exam (2022/2023) Already Passed Broker Individual licensed to charge the public for real estate services Broker-Salesperson fully qualified broker who remains under another broker's supervision Bureau of Subdivided Land Sales Control state agency that approves and registers some out-of-state property Continuing Education Classes required for license renewal Guaranty Fund Reimburses people defrauded or badly served by licensees in real estate transactions New Jersey Real Esta...

NJ Real Estate Exam Latest 2023 Graded A+ Broker One who buys and sells for another for a fee. Broker-Salesperson A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control regulations covering out of state properties sold in NJ continuing education 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission Department of Banking and Insurance. 8 members. 5 brokers for at leas...

NJ Title Insurance 2024 Real Verified Exam Abandonment - CORRECT ANSWER-when someone with legal possession of property leaves without intention of reclaiming rights abstract of title - CORRECT ANSWER-A summary of the title history including all encumbrances. Acceleration clause - CORRECT ANSWER-Mortgage clause demanding full payment upon default accretion - CORRECT ANSWER-New land added by the elements, such as a river delta Accrued Depreciation - CORRECT ANSWER-Total of all deterio...

NJ Real Estate Exam - Timelines & Fines (100% Verified Answers) 2023 NJ Real Estate Exam - Timelines & Fines (100% Verified Answers) 2023 How long from class end date to pass the School and State Exam and submit license application 1 year How long must a Salesperson wait until they are eligible for a Broker's license 3 years full-time Members of the Real Estate Commission Serve terms of 3 years Broker Candidates require additional classroom education in the amount of (hours) 150 hou...

NJ Real Estate Exam 2023 REAL QUESTIONS WITH FULL SOLUTIONS. 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 - CORRECT 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 - CORRECT 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...