NJ REAL ESTATE PRACTICE EXAM Latest Update!!(COMPLETE PACKAGE DEAL

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 - ANSWERSBargain and Sale Deed, CAG Taxes raised to pay...

Broker - ANSWERSOne who buys and sells for another for a fee. Broker-Salesperson - ANSWERSA qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - ANSWERSregulations covering out of state properties sold i...

According to fair housing, which of these is not a protected class? A. muslim B. arab C. homosexual D. single mother - ANSWERSC. homosexual The front door key to a house is: A. chattel B. fixture C. improvement D. trade fixture - ANSWERSB. fixture The phrase "bundle of legal right...

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. ...

Broker - ANSWERSIndividual licenses to charge the public for real estate services. Broker-salesperson - ANSWERSFully qualified broker who remains under another broker's supervision Bureau of Subdivided Land sales Control - ANSWERSState agency that approves and registers some out-of-state prop...

Title 45 - ANSWERSNew Jersey's real estate license law is known as Draw up a binding lease for a new tenant in a property the resident owns - ANSWERSan unlicensed New Jersey resident may two years - ANSWERSa real estate license is valid for 18 - ANSWERSaccording to the law, to obtain a sal...

According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice sub...

Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price? - ANSWERSThe first sold. When compiling a competitive market analysis, a broker would look for compara...

Broker - ANSWERSIndividual licensed to charge the public for real estate services Broker-Salesperson - ANSWERSfully qualified broker who remains under another broker's supervision Bureau of Subdivided Land Sales Control - ANSWERSstate agency that approves and registers some out-of-state prope...

An Appraisal made by a Certified appraiser is REQUIRED? - ANSWERSWHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - ANSWERSTHE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer put in purchase offer ...

broker's additional place of business - ANSWERSBranch Office mixing broker's money with that of others - ANSWERScommingling copy of a real estate contract with original signatures - ANSWERSduplicate original least severe discipline by the real estate commission - ANSWERSprobation leave...