NEW JERSEY REAL ESTATE SALESPERSON
STATE PRACTICE EXAM | COMPREHENSIVE
LICENSING STUDY GUIDE, EXAM PREP,
PRACTICE QUESTIONS AND CORRECT
ANSWERS
UPDATED QUESTIONS AND ANSWERS
100% VERIFIED EXAM PREP
[EXAM• STUDY GUIDE • SUMMARY • ASSIGNMENT]
A clean, organized resource designed for easy revision and reference.
QUICK • CLEAR • PROFESSIONAL
, in the sale of property , there is often confusion over whether specify questionable items of property in the written sales contract.
an item is a fixture or personal property. what is the best way
to avoid this confusion?
a homeowner has negotiated with a neighbor to obtain the appurtenant
permanent right to pass over the northern part of the
neighbor's land to gain access to the river. he pays the
neighbor $9,000 for the right of access and receives a deed.
this is an easement
a major difference between freehold and non freehold estates are of indeterminable duration
is that all freehold estates
legal description using the government survey system are the original 13 states
NOT generally used in
A property is encumbered by a first mortgage of $60,000 and the second mortgagee receives nothing unless he forced the foreclosure auction.
a second mortgage of $23,500. The property has just been
sold at a foreclosure auction to a speculating investor for
$88,000. Assume that all costs of the foreclosure sale are
included in these balances. Which of the following statements
is FALSE regarding the distribution of funds?
Three people buy a house as tenants in common. file an action of partition against the third owner.
Subsequently, two of the owners want to sell, but the third
discourages each potential purchaser. The two owners who
wish to sell the house can
Although states make specific laws governing water rights and water is scarce
the rights in land that borders water, most states generally
follow one of two basic doctrines regarding water rights.
Either riparian and littoral rights are automatically conveyed
with property, or all water rights are controlled by the state
under the doctrine of prior appropriation. The doctrine of
prior appropriation is MOST likely to be followed in states
where
STATE PRACTICE EXAM | COMPREHENSIVE
LICENSING STUDY GUIDE, EXAM PREP,
PRACTICE QUESTIONS AND CORRECT
ANSWERS
UPDATED QUESTIONS AND ANSWERS
100% VERIFIED EXAM PREP
[EXAM• STUDY GUIDE • SUMMARY • ASSIGNMENT]
A clean, organized resource designed for easy revision and reference.
QUICK • CLEAR • PROFESSIONAL
, in the sale of property , there is often confusion over whether specify questionable items of property in the written sales contract.
an item is a fixture or personal property. what is the best way
to avoid this confusion?
a homeowner has negotiated with a neighbor to obtain the appurtenant
permanent right to pass over the northern part of the
neighbor's land to gain access to the river. he pays the
neighbor $9,000 for the right of access and receives a deed.
this is an easement
a major difference between freehold and non freehold estates are of indeterminable duration
is that all freehold estates
legal description using the government survey system are the original 13 states
NOT generally used in
A property is encumbered by a first mortgage of $60,000 and the second mortgagee receives nothing unless he forced the foreclosure auction.
a second mortgage of $23,500. The property has just been
sold at a foreclosure auction to a speculating investor for
$88,000. Assume that all costs of the foreclosure sale are
included in these balances. Which of the following statements
is FALSE regarding the distribution of funds?
Three people buy a house as tenants in common. file an action of partition against the third owner.
Subsequently, two of the owners want to sell, but the third
discourages each potential purchaser. The two owners who
wish to sell the house can
Although states make specific laws governing water rights and water is scarce
the rights in land that borders water, most states generally
follow one of two basic doctrines regarding water rights.
Either riparian and littoral rights are automatically conveyed
with property, or all water rights are controlled by the state
under the doctrine of prior appropriation. The doctrine of
prior appropriation is MOST likely to be followed in states
where
