Nj real estate exam Study guides, Class notes & Summaries

PSI NJ Real Estate Exam, PSI Practice Test Questions and Answered

NJ Real Estate Exam Question and answers already passed 2023/2024Broker - correct answer One who buys and sells for another for a fee. Broker-Salesperson - correct answer A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control - correct answer regulations covering out of state properties sold in NJ continuing education - correct answer 12 hours required every two years, two of which must be on ethics...

NJ Real Estate Exam Part 2 Question and answers 2023/2024 verified to passbroker's additional place of business - correct answer Branch Office mixing broker's money with that of others - correct answer commingling copy of a real estate contract with original signatures - correct answer duplicate original least severe discipline by the real estate commission - correct answer probation leave one broker and affiliate with another - correct answer A licensed salesperson is allowed to ...

NJ Real Estate Exam Question and answers rated A+ 2023/2024 Title 45 - correct answer New Jersey's real estate license law is known as Draw up a binding lease for a new tenant in a property the resident owns - correct answer an unlicensed New Jersey resident may two years - correct answer a real estate license is valid for 18 - correct answer according to the law, to obtain a salesperson's license one must reach the age of 150 - correct answer a broker must have completed how many...

Broker One who buys and sells for another for a fee. Broker-Salesperson A qualified broker who practices real estate in the position of salesperson in another broker's office bureau of subsidized land sales control regulations covering out of state properties sold in NJ continuing education 12 hours required every two years, two of which must be on ethics NJ Real Estate Commission Department of Banking and Insurance. 8 members. 5 brokers for at least 10 years, two from general public a...

NJ Real Estate Exam (2022/2023) Already Passed Broker Individual licensed 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 Continuing Education Classes required for license renewal Guaranty Fund Reimburses people defrauded or badly served by licensees in real estate transactions New Jersey Real Esta...

NJ real estate exam questions with complete solutions

nj real estate exam questions Question and answers 2023/2024 verified to passWhich of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings - correct answer C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building...

NJ Real Estate Exam Questions with All Correct Answers If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the commission be? a) $750 b) $1,500 c) $7,500 d) $15,000 - Answer-d A lot measuring 240' by 400' is selling for $400 a front foot. What is the price? a) $1,600 b) $16,000 c) $72,000 d) $96,000 - Answer-d If the frontage of a half acre lot is 100 feet, how deep is it? a) 154 ft b) 218 ft c) 248 ft d) 436 ft - Answer-b An...

PSI NJ Real Estate Exam, PSI Practice Test Questions And Answers Water Rights - ANS The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - ANS an agent to the broker and a subagent to the principal. Depreciation is calculated based on the - ANS Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in f...