A seller is interested in providing financing to the buyer of her homes, but she wants
to retain title until the loan balance is paid off. Which of the following would be the
BEST loan option?
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C. contract for deed
A home is being purchased for $275,000. The buyer agrees to an 80% loan with the
seller paying $5,000 of the buyer's closing costs. What amount will the buyer have to
meet his down payment.
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$55000= 275000*20%
,A broker who charges or collects an advance fee in excess of $25 for services to be
rendered MUST:
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furnish within ninety days of its collection an accounting of how the money
was used
An easement differs from a deed in that an easement
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B. makes the title unmarketable and uninsurable
Deposit monies may NOT be disbursed to the seller in which circumstance
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Upon written request of seller
Which of the following statements is the BEST example of puffing?
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B. This is the best buy you'll find all year.
,In commercial property leasing, listing agents should ensure that the owner complies
with
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Fiduciary duties to tenants
Which of the following methods for establishing value is generally considered MOST
useful for a special-purpose building such as a church?
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A. Cost
A seller sold his property for $375,000 with the closing on July 1st, in a jurisdiction
where the buyer pays for the day of closing. The seller had a mortgage balance at the
time of closing of $301,000 and had recently paid invoices of $400 for the second
quarter's water and electricity, $1,200 for new appliances, and roofing repairs of $700.
Based only on these items, how much will the seller receive at closing?
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"$74,000"
= Sale value-Mortgage balance
= $375,000-$301,000
According to the Real Estate Licensing Law, what method of payment may NOT be
accepted as an earnest money deposit on a sale transaction?
, Give this one a try later!
C. Credit card
Which of the following is a violation of a property manager's fiduciary obligations to
an owner?
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D. accepting a signed lease on the owners behalf
Which of the following differentiates a bilateral contract from a unilateral contract?
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B. performance obligations of the parties
At what time MUST a licensee first secure an Informed Consent to Dual Agency?
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B. Before showing a company listing to a buyer client
The New Jersey Law Against Discrimination prohibits New Jersey licensees from
discriminating against prospective tenants in rental transactions for all of the following
EXCEPT:
to retain title until the loan balance is paid off. Which of the following would be the
BEST loan option?
Give this one a try later!
C. contract for deed
A home is being purchased for $275,000. The buyer agrees to an 80% loan with the
seller paying $5,000 of the buyer's closing costs. What amount will the buyer have to
meet his down payment.
Give this one a try later!
$55000= 275000*20%
,A broker who charges or collects an advance fee in excess of $25 for services to be
rendered MUST:
Give this one a try later!
furnish within ninety days of its collection an accounting of how the money
was used
An easement differs from a deed in that an easement
Give this one a try later!
B. makes the title unmarketable and uninsurable
Deposit monies may NOT be disbursed to the seller in which circumstance
Give this one a try later!
Upon written request of seller
Which of the following statements is the BEST example of puffing?
Give this one a try later!
B. This is the best buy you'll find all year.
,In commercial property leasing, listing agents should ensure that the owner complies
with
Give this one a try later!
Fiduciary duties to tenants
Which of the following methods for establishing value is generally considered MOST
useful for a special-purpose building such as a church?
Give this one a try later!
A. Cost
A seller sold his property for $375,000 with the closing on July 1st, in a jurisdiction
where the buyer pays for the day of closing. The seller had a mortgage balance at the
time of closing of $301,000 and had recently paid invoices of $400 for the second
quarter's water and electricity, $1,200 for new appliances, and roofing repairs of $700.
Based only on these items, how much will the seller receive at closing?
Give this one a try later!
"$74,000"
= Sale value-Mortgage balance
= $375,000-$301,000
According to the Real Estate Licensing Law, what method of payment may NOT be
accepted as an earnest money deposit on a sale transaction?
, Give this one a try later!
C. Credit card
Which of the following is a violation of a property manager's fiduciary obligations to
an owner?
Give this one a try later!
D. accepting a signed lease on the owners behalf
Which of the following differentiates a bilateral contract from a unilateral contract?
Give this one a try later!
B. performance obligations of the parties
At what time MUST a licensee first secure an Informed Consent to Dual Agency?
Give this one a try later!
B. Before showing a company listing to a buyer client
The New Jersey Law Against Discrimination prohibits New Jersey licensees from
discriminating against prospective tenants in rental transactions for all of the following
EXCEPT:
