Nj real estate exam prep Study guides, Class notes & Summaries

Broker Individual licenses to charge the public for real estate services. Broker-salesperson Fully qualified broker who remains under another broker's supervision Bureau of Subdivided Land sales Control State agency that approves and registers some out-of-state property Guaranty Fund Reimburses persons defrauded or badly served by licensees in real estate transaction. New Jersey Real Estate Commission Administrator of Real Estate Licenses Pocket Identific...

NJ Real estate Exam Prep Latest 2023 Graded A+ An Appraisal made by a Certified appraiser is REQUIRED? WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? THE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer put in purchase offer to make sure they would NOT have to purchase, if they CANNOT obtain financing? Contingency Conditions does NOT create stigmatized property that may or may not be disclosed un...

NJ Real estate Exam Prep Question and answers rated A+ 2023/2024An Appraisal made by a Certified appraiser is REQUIRED? - correct answer WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - correct answer THE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer put in purchase offer to make sure they would NOT have to purchase, if they CANNOT obtain financing? - correct answer Contingency Conditio...

NJ Real Estate Exam Prep 2023-2024 Questions and Answers 100% Correct NJ Real Estate Exam Prep 2023-2024 Questions and Answers 100% Correct NJ Real Estate Exam Prep 2023-2024 Questions and Answers 100% Correct An Appraisal made by a Certified appraiser is REQUIRED? - ANSWER-WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - ANSWER-THE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer p...

NJ Real estate Exam Prep Questions and answers latest update

NJ Real estate Exam Prep

NJ Real Estate Exam Prep Questions and Answers (Latest) 22. Notice to Buyer and Seller informs the buyer and seller that? a. they may want to consult an attorney b. they should drop their salesperson c. they should not purchase the property if they don't think they can afford it. d. They can call any lender for financing - Answer-a 23. Licensees can prepare sales contracts on? a. 1-5 family dwellings and vacant tracts of land. b. 1-4 family dwellings and single vacant lots. c. 1-4...

An Appraisal made by a Certified appraiser is REQUIRED? - ANSWERSWHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - ANSWERSTHE REQUIRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer put in purchase offer to make sure they would NOT have to purchase, if they CANNOT obtain financing? - ANSWERSContingency Conditions does NOT create stigmatized property that may or may not be disclosed under the law of...

NJ Real estate Exam Prep Questions and Answers (100% Pass) estimate value of a 50 unit apartment complex, accurate estimate? - answer-gross rent multiplier once an offer to purchase is presented to seller, the: - answer-offer may be withdrawn at any time prior to the delivery of its acceptance irs allows married couple tax free capital gain up to? - answer-$500,000 seller a entered into an option contract with buyer b. the contract price is $200,000 which seller a will honor for a ...