NJ Real Estate Exam Questions & Answers 100% Correct

Broker - ANSWER-One who buys and sells for another for a fee. Broker-Salesperson - ANSWER-A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - ANSWER-regulations covering out of state properties sold in NJ continuing education - ANSWER-12 hours required every two years, two of which must be on ethics NJ Real Estate Commission - ANSWER-Department of Banking and Insurance. 8 members. 5 brokers for at least 10 years, two from general public and one representing the state government Real estate license act - ANSWER-Title 45 chapter 15 Title 11, chapter 5 - ANSWER-NJ real estate license act administrative code Real estate sales full disclosure act - ANSWER-covers the sales of out of state property in NJ referral agent - ANSWER-only allowed to refer prospects to a brokers office referral fee - ANSWER-part of a commission or fee paid to a broker who sends a client salesperson - ANSWER-works under a sponsoring licensed broker doing business in the name of the broker branch office - ANSWER-must be under the direct supervisor of a broker or broker salesperson and must have a duplicate license NJ Real Estate Exam Questions & Answers 100% Correct