New Jersey Real estate 111 practice exam test Questions And Answers

a house contains screens, smoke alarms, and a crystal chandelier. the contract of sale mentions none of this items specifically. before final closing, the seller has the right to remove - ️️none of this items the amount of earnest money deposit is determined by - ️️agreement of the parties. Nelson McDonald sold his house on his own and still owed a broker a commission. he must have signed an - ️️exclusive-right-to-sell listing which can be executed without subjecting the signers to further responsibility for title? - ️️quitclaim deed the utility company dug up Andrea Dunham's garden to lay gas lines. The company had an easement, recorded at the county clerk's office. Andrea claimed the easement was invalid because she was never told about it. The easement - ️️was valid even if she has never heard of it. when a court orders real property sold to satisfy an unpaid lien, the process is known as a - ️️foreclosure the tax rate is $7.80 per $100 assessment. if property is valued at $87,500 and assessed for 50% of its value, what is the total property tax? - ️️$3,412.50 when appraising an office building, the appraiser MOST concerned with - ️️net annual income