Real Estate State Practice 2/Answered 100% Correctly/Latest 2024

Real Estate State Practice 2/Answered 100% Correctly/Latest 2024 In which of the following would prevent a seller from providing marketable title? Mechanic's Lien The seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commissions, increasing the seller's net proceeds This is illegal according to RESPA If a license mentions MLS when advertising in a newspaper, the New Jersey Licensing law requires The full name of the Multiple Listing System According to New Jersey Real Estate Licensing Laws, which of the following is a requirement for any advertisement made by a salesperson Name of the salesperson firm Which of the following analyze must be prepared by a certified appraiser? A property valuation report supporting a federally- related loan application A license may use the term "REALTOR" or "REALTOR ASSOCIATE" only if the licensee is A member of the National Association of REALTORS Which of the following would automatically be included in the sale of a property? Plumbing Fixtures A seller is offering his property for sale in as is condition. A buyer enters into a contract with the seller and has the home inspected. A latent defect is found that is known to, but not disclosed by, the seller. The buyer Can void the contract due to the seller's failure to disclose the latent defect Maintains a real estate agency and terminated two salespersons in this situation, the broker is REQUIRED to take all the following steps EXCEPT Permit them to remove original sales and listing contracts from the broker's office What should buyers insert into the purchase offer to make sure they would NOT have to go through with the purchase if they are not met? Contingencies A potential buyer signs a contract with a seller but then decides not to buy. The seller may sue potential buyer for specific performance because the contract was Bilateral Contract Standard title insurance policy would protect a buyer When the seller has forged his ex-wife signature on the deed Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following EXCEPT