Nj real estate exam 2023 - Study guides, Class notes & Summaries

NJ Real Estate Exam 2023 with 100% correct answers

NJ Real Estate Exam 2023 with 100% correct answers

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 ...

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 ...

PSI NJ Real Estate Practice Exam 2023-2024 Questions and Answers 100% CorrectPSI NJ Real Estate Practice Exam 2023-2024 Questions and Answers 100% CorrectPSI NJ Real Estate Practice Exam 2023-2024 Questions and Answers 100% CorrectPSI NJ Real Estate Practice Exam 2023-2024 Questions and Answers 100% CorrectWhen compiling a competitive market analysis, a broker would look for comparable properties that - ANSWER-were located near the property being listed.

NJ REAL ESTATE PRACTICE EXAM 2023/2024 QUESTIONS WITH COMPLETE SOLUTIONS If two similar houses are for sale in a certain location, the one with the lower price is usually bought first. This is the principle of 1. Supply and Demand 2. Substitution 3. Conformity 4. Progression - Answer-Substitution In New Jersey, which of the following is essential for any contract? 1. In writing 2. Consideration 3. Date 4. Plain-Language requirement - Answer-consideration An in rem pro...

NJ Real Estate Exam 2023 with 100% correct answers

NJ Real Estate Exam 2023 with 100% correct answers

NJ Real Estate Exam 2023 with 100% correct answers

Broker - CORRECT ANSWER Individual licensed to charge the public for real estate services Broker-Salesperson - CORRECT ANSWER fully qualified broker who remains under another broker's supervision Bureau of Subdivided Land Sales Control - CORRECT ANSWER state agency that approves and registers some out-of-state property Continuing Education - CORRECT ANSWER Classes required for license renewal Guaranty Fund - CORRECT ANSWER Reimburses people defrauded or badly s...