PSI Real Estate State Exam (NJ)
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Terms in this set (119)
When a land C. an involuntary lien
owner uses his
land as security
for a loan, the
encumbrance
created is
called.
,If an owner C. Question the seller to any known
wants to list a defects
property for
sale "as is," the
listing agent
should
According to A. licensee must hold a timeshare
the New Jersey license
Real Estate Time
Share Act, if a
licensee is
selling a
timeshare
located within
the state of
New Jersey, all
of the following
are true EXCEPT
that the
,May a New C. Yes, if the broker directs the
Jersey real salesperson not to cooperate
estate licensee
decline to
cooperate with
other New
Jersey licensees
A motel is the A. Economic obsolesce
subject of an
appraisal and it
is determined
that rerouting of
a county
highway has
limited
customer
access to to the
motel. This is an
example of
, An exclusive D. The agreement is voidable until a
buyer legal description is provided
representation
agreement does
not include a
legal
description of
the property.
What is the
result of this
omisison?
Which of the D. Unearned rent collections in
following items advance?
would be
prorated at
closing with
credit going to
the seller?
Updated 2025 Actual exam
(Testing Real Exam Questions)and
verified Answers ( 100% accurate)
GET IT RIGHT!!
Save
Terms in this set (119)
When a land C. an involuntary lien
owner uses his
land as security
for a loan, the
encumbrance
created is
called.
,If an owner C. Question the seller to any known
wants to list a defects
property for
sale "as is," the
listing agent
should
According to A. licensee must hold a timeshare
the New Jersey license
Real Estate Time
Share Act, if a
licensee is
selling a
timeshare
located within
the state of
New Jersey, all
of the following
are true EXCEPT
that the
,May a New C. Yes, if the broker directs the
Jersey real salesperson not to cooperate
estate licensee
decline to
cooperate with
other New
Jersey licensees
A motel is the A. Economic obsolesce
subject of an
appraisal and it
is determined
that rerouting of
a county
highway has
limited
customer
access to to the
motel. This is an
example of
, An exclusive D. The agreement is voidable until a
buyer legal description is provided
representation
agreement does
not include a
legal
description of
the property.
What is the
result of this
omisison?
Which of the D. Unearned rent collections in
following items advance?
would be
prorated at
closing with
credit going to
the seller?
