Grantee is to a deed as devisee is to a
A. trust.
B. will.
C. estate.
D. leasehold.
Give this one a try later!
B. will
A lender shifts the risk of changing interest rates
to the borrower in an
A. increase in the monthly escrow amounts.
B. interest-only loan.
C. amortized loan with a final balloon payment.
D. adjustable rate mortgage.
,Give this one a try later!
D. adjustable rate mortgage.
A man and a woman owned a combination apartment building with a small bar and
grill on the premises. They shared their profits and losses on their venture equally, but
they did not own the business under any written partnership agreement. One day, the
woman died of a heart attack. If, after the woman's death, the man continued to own
the same undivided interest in the real estate as he did before the woman's death and
no more, then
A. they were joint tenants.
B. they were tenants in common.
C. they were stockholders in their own corporation.
D. the woman died intestate.
Give this one a try later!
B. they were tenants in common.
What will happen to the real estate if the
deceased owner did not write a will and has
no heirs?
A. The ownership will pass by devise.
B. The ownership will escheat to the state.
C. The courts will seize the ownership.
D. The ownership will revert to the
previous owner.
Give this one a try later!
, B. The ownership will escheat to the state.
When, if ever, are carbon monoxide detectors
required in New Jersey?
A. Only in single family dwellings
B. Any building with three or more dwelling
units
C. Both residential and commercial properties
D. There are no requirements for carbon
monoxide detectors
Give this one a try later!
B. Any building with three or more dwelling
units
In New Jersey, the realty transfer fee is
always
A. split between the seller and the buyer.
B. charged to the buyer.
C. charged to the seller.
D. negotiated between the buyer and the
seller.
Give this one a try later!
C. charged to the seller.
, Which of the following mortgages includes
personal property as security?
A. Blanket mortgage
B. Package mortgage
C. Wraparound mortgage
D. Reverse mortgage
Give this one a try later!
B. Package mortgage
The type of listing agreement that provides
for the payment of a commission to the
broker even if the owner makes the sale
without the broker's help is called an
A. exclusive-right-to-sell listing.
B. open listing.
C. exclusive-agency listing.
D. option listing.
Give this one a try later!
A. exclusive-right-to-sell listing.
A parcel of land in New Jersey is classified as a
subdivision if it is divided into
A. two or more parcels.
B. five or more parcels.
C. ten or more parcels.
D. 25 or more parcels.
A. trust.
B. will.
C. estate.
D. leasehold.
Give this one a try later!
B. will
A lender shifts the risk of changing interest rates
to the borrower in an
A. increase in the monthly escrow amounts.
B. interest-only loan.
C. amortized loan with a final balloon payment.
D. adjustable rate mortgage.
,Give this one a try later!
D. adjustable rate mortgage.
A man and a woman owned a combination apartment building with a small bar and
grill on the premises. They shared their profits and losses on their venture equally, but
they did not own the business under any written partnership agreement. One day, the
woman died of a heart attack. If, after the woman's death, the man continued to own
the same undivided interest in the real estate as he did before the woman's death and
no more, then
A. they were joint tenants.
B. they were tenants in common.
C. they were stockholders in their own corporation.
D. the woman died intestate.
Give this one a try later!
B. they were tenants in common.
What will happen to the real estate if the
deceased owner did not write a will and has
no heirs?
A. The ownership will pass by devise.
B. The ownership will escheat to the state.
C. The courts will seize the ownership.
D. The ownership will revert to the
previous owner.
Give this one a try later!
, B. The ownership will escheat to the state.
When, if ever, are carbon monoxide detectors
required in New Jersey?
A. Only in single family dwellings
B. Any building with three or more dwelling
units
C. Both residential and commercial properties
D. There are no requirements for carbon
monoxide detectors
Give this one a try later!
B. Any building with three or more dwelling
units
In New Jersey, the realty transfer fee is
always
A. split between the seller and the buyer.
B. charged to the buyer.
C. charged to the seller.
D. negotiated between the buyer and the
seller.
Give this one a try later!
C. charged to the seller.
, Which of the following mortgages includes
personal property as security?
A. Blanket mortgage
B. Package mortgage
C. Wraparound mortgage
D. Reverse mortgage
Give this one a try later!
B. Package mortgage
The type of listing agreement that provides
for the payment of a commission to the
broker even if the owner makes the sale
without the broker's help is called an
A. exclusive-right-to-sell listing.
B. open listing.
C. exclusive-agency listing.
D. option listing.
Give this one a try later!
A. exclusive-right-to-sell listing.
A parcel of land in New Jersey is classified as a
subdivision if it is divided into
A. two or more parcels.
B. five or more parcels.
C. ten or more parcels.
D. 25 or more parcels.
