Nj real estate stuvia Study guides, Class notes & Summaries

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 - ANSWERSC. 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...

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

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...

NJ Real Estate Chapter 1 Questions and Answers 100% CorrectNJ Real Estate Chapter 1 Questions and Answers 100% CorrectNJ Real Estate Chapter 1 Questions and Answers 100% CorrectNJ Real Estate Chapter 1 Questions and Answers 100% CorrectNJ Real Estate Chapter 1 Questions and Answers 100% CorrectBroker - ANSWER-individual licensed to charge the public for real estate services Broker Salesperson - ANSWER-fully qualified broker who remains under another brokers's supervision Bureau of Subdivi...