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Exam (elaborations)

Nj Real Estate Practice Test A Questions With Correct Answers

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NJ REAL ESTATE PRACTICE TEST A QUESTIONS WITH CORRECT ANSWERS

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which appraisal approach computes the value of the land separately from the
buildings?


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Cost




Broker John Roger dies. A temporary broker's license to carry on the work of the
office may be granted to


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a salesperson who could qualify to be a broker

,What is the function of 'Fannie Mae'?


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Buys FHA loans




Any later change in a signed contract must be...


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initialed by all the parties




The term commingling refers to:


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mixing the broker's funds with escrow deposits.




The New Jersey Real Estate Commission was established to...


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Protect the interests of the public

, Which of the following represents economic obsolescence?


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Car lot next door




The power of eminent domain is exercised through the court proceeding known as?


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condemnation




A salesperson left a real estate firm to work at a bank. The broker must account for all
commissions due the former salesperson within?


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30 days




Real estate brokers may protect themselves in case of professional lawsuits through a
special type of insurance known as:


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