NJ Real Estate Exam question n answers rated A+

NJ Real Estate ExamBranch Office - correct answer broker's additional place of business commingling - correct answer mixing broker's money with that of others duplicate original - correct answer copy of a real estate contract with original signatures probation - correct answer least severe discipline by the real estate commission A licensed salesperson is allowed to - correct answer leave one broker and affiliate with another Under some circumstances, a real estate office may be in the home of - correct answer a broker Broker Waldo Rodriguez wants to open a branch office in a new shopping mall in the next town. The office can be supervised by - correct answer a broker-salesperson Salesperson Stan Clemenzio accepts an earnest money deposit and turns it over to his broker, Roberta Lee. Roberta must - correct answer deposit it within 5 days in a trust account An escrow account may be opened - correct answer In any financial institution in NJ A broker must keep copies of contracts for ____ years - correct answer 6 Every person who signs a contract is entitled to receive a duplicate original. When? - correct answer Immediately Every sales contract prepared by a broker must contain a notice that - correct answer the buyer and seller may seek attorney review within three business days