1 of 109
Term Definition
In New Jersey, no ads for real a.
estate may
a. indiscriminately promise
financing.
b. refer to a home warranty.
c. contain the phrase "in the
vicinity of"
d. offer a free competitive
market analysis.
Give this one a try later!
True False
2 of 109
,Term Definition
The lender is preparing to c.
cloase a loan from $395,00 so
the buyers can purchase their
first home. In this siutation, what
must the lender provide three
business days prior to close?
a. HUD-1
b. Home Loan Toolkit
c. Closing Disclosure (CD)
d. Loan Estimate (LE)
Give this one a try later!
True False
3 of 109
Term Definition
In mortgage lending, points are c.
a form of
a. sales tax
b. closing fees
c. prepaid interest
d. escrow payment
Give this one a try later!
, True False
4 of 109
Term Definition
If a broker is expecting the d.
receive a 6 percent commission
on the sale of a $250,000
house, what will the commission
be
a. $750
b. $1,500
c. $7,500
d. $15,000
Give this one a try later!
True False
5 of 109
Term Definition
Licensees must provide the b.
sellers, buyers, landlords and
tenants with the Consumer
Information Statement before
any
, a. written documents are
completed
b. properties are shown
c. discussion of that party's
"motivation or financial situation"
d. offers are created or
presented
Give this one a try later!
True False
Correct definition
c.
6 of 109
Term Definition
To prevent to growth of mold, a b.
building must be free from
a. direct sunlight
b. urea- formaldehyde
c. extremely low temperatures
d. intrusion from water
Give this one a try later!
True False
Term Definition
In New Jersey, no ads for real a.
estate may
a. indiscriminately promise
financing.
b. refer to a home warranty.
c. contain the phrase "in the
vicinity of"
d. offer a free competitive
market analysis.
Give this one a try later!
True False
2 of 109
,Term Definition
The lender is preparing to c.
cloase a loan from $395,00 so
the buyers can purchase their
first home. In this siutation, what
must the lender provide three
business days prior to close?
a. HUD-1
b. Home Loan Toolkit
c. Closing Disclosure (CD)
d. Loan Estimate (LE)
Give this one a try later!
True False
3 of 109
Term Definition
In mortgage lending, points are c.
a form of
a. sales tax
b. closing fees
c. prepaid interest
d. escrow payment
Give this one a try later!
, True False
4 of 109
Term Definition
If a broker is expecting the d.
receive a 6 percent commission
on the sale of a $250,000
house, what will the commission
be
a. $750
b. $1,500
c. $7,500
d. $15,000
Give this one a try later!
True False
5 of 109
Term Definition
Licensees must provide the b.
sellers, buyers, landlords and
tenants with the Consumer
Information Statement before
any
, a. written documents are
completed
b. properties are shown
c. discussion of that party's
"motivation or financial situation"
d. offers are created or
presented
Give this one a try later!
True False
Correct definition
c.
6 of 109
Term Definition
To prevent to growth of mold, a b.
building must be free from
a. direct sunlight
b. urea- formaldehyde
c. extremely low temperatures
d. intrusion from water
Give this one a try later!
True False
