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Exam (elaborations)

New Jersey Real Estate Practice Exam Test B Questions And Correct Answers

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NEW JERSEY REAL ESTATE PRACTICE EXAM TEST B QUESTIONS AND CORRECT ANSWERS

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a person cannot successfully claim that he or she did not know about the contents of
any recorded decument. this legal principal is known as


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constructive notice




Megans law requires that


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a community be alerted to the presence of convicted sex offenders

,Broker Bensley listed the Corwins' property. his salesman, Stan Sandow, accepted a
check for $5,000 earnest money with an offer, Sandow should take the check and


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give it to Bensley




among the several pieces of information that the lender must gather before issuing a
Loan Estimate (LE) is the applicants


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Social Security number




the tenant with a month-to-month tenancy must give the landlord how much notice of
intention to vacate?


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one month




the Mt. Laurel lawsuits were concerned with


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, exclusionary zoning




who doesn't need a license in handling a real estate transactions?


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an executor, a bank, a developer selling homes in her subdivision




the Guaranty Fund is used to


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reimburse the public for losses arising from licensees' wrongdoing




a legal action brought by either buyer or seller to enforce the terms of the contract is
known as


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specific performance




the salespersons license examination can be taken only by


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