Real estate state nj exam Study guides, Class notes & Summaries

NJ REAL ESTATE TERMS & KEY WORDS COMPLETE STUDY GUIDE EXAM 2024.BROKER - correct answer The use of the term "Broker" refers to one who operates his or her own business. Any person or firm who, for a commission or other valuable consideration engages in listing, selling,buying, renting, negotiating, exchanging, or auctioning the real estate of others. BROKER-SALESPERSON - correct answer Fully qualified broker who remains under another broker's supervision BUREAU of SUBDIVIDED LAND SALES ...

An Appraisal made by a Certified appraiser is REQUIRED? - WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - THE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer put in purchase offer to make sure they would NOT have to purchase, if they CANNOT obtain financing? - Contingency Conditions does NOT create stigmatized property that may or may not be disclosed under the law of some state? - THE OWNER OF...

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 Title Insurance Producer Final Exam Set with Q&A "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? A) It automatically becomes tenancy in severalty. B) It is divided, with B retaining their original interest and the balance going to A's estate. C) B holds fee simple ownership to A's share of the property D) B holds a life estate ownership to A's share of the property - CORRECT ANSWER-B) ...

NJ Real Estate Exam - Timelines & Fines Question and answers 100% correct 2023/2024 How long from class end date to pass the School and State Exam and submit license application - correct answer 1 year How long must a Salesperson wait until they are eligible for a Broker's license - correct answer 3 years full-time Members of the Real Estate Commission Serve terms of - correct answer 3 years Broker Candidates require additional classroom education in the amount of (hours) - correct an...

Practice Test NJ State Exam, psi pdf questions with complete solutions contour map - Answer-What type of map is MOST useful for describing the terrain of a very hilly lot? require the buyer to acknowledge disclosure of the presence of any known lead paint. - Answer-The Department of Housing and Urban Development estimates that most private homes built before 1978 contain potentially dangerous levels of lead. Because of this, some Federal agencies, such as FHA, borrower - Answer-usury ...

PSI Real Estate State Exam (NJ)2024 Updated

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 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 NJ Real Estate Commission Department of Banking and Insurance. 8 ...