Nj re Study guides, Class notes & Summaries

NJ Real Estate Exam Questions with Correct Answers Branch Office - Answer-broker's additional place of business commingling - Answer-mixing broker's money with that of others duplicate original - Answer-copy of a real estate contract with original signatures probation - Answer-least severe discipline by the real estate commission A licensed salesperson is allowed to - Answer-leave one broker and affiliate with another Under some circumstances, a real estate office may be in th...

A tax assessor determined that a commercial building with a 3.5% mortgage has a market value of $400,000. If the assessed value is 60% of market value and the tax rate is 63 1/2 mills, what is the annual tax? A. $5,305.50 B. $8,837.50 C. $15,150.00 D. $25,250.00 correct answers C. 15,150.00 Which of the following statements about airborne radon is TRUE? o. A. it has an easily detectable odor. B. its only found in older wood frame structures. C. is inexpensively detected and mitigated....

NJ Real Estate Broker's ExamThe right of a utility company to enter someone's property for the purpose of repairing or maintaining the utility service is called (A.) an easement in gross (B.) an easement appurtenant (C.) eminent domain (D.) a prescriptive easement - correct answer (A.) An easement in gross Mark, Linda, Susanne and George own a property as joint tenants. Linda sells her interest to Phil. What is the relationship of the parties? (A.) Phil replaces Linda as a jo...

NJ Real Estate ExamBranch Office - correct answer broker's additional place of business commingling - correct answer mixing broker's money with that of others duplicate original - correct answer copy of a real estate contract with original signatures probation - correct answer least severe discipline by the real estate commission A licensed salesperson is allowed to - correct answer leave one broker and affiliate with another Under some circumstances, a real estate office may be...

NJ REAL ESTATE PRACTICE EXAM 2021 The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 1. Quitclaim Deed 2. General Warranty Deed 3. Bargain and Sale Deed 4. Bargain and Sale Deed, CAG - ANS Bargain and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilities Taxes 3. Ad Valorem Taxes 4. Luxury Rates - ANS Spe...

NJ REAL ESTATE 201 - CH 12 & 16 EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS A licensee-written lease must contain notice of the right to attorney review if it A. requires a security deposit B. contains an automatic renewal clause C. provides for holdover tenancy D. is for a period of one year or more - Precise Answer D. is for a period of one year or more

NJ Real Estate Exam- Chapter 1- RE Licensing, Psi pdf Questions with complete solutions 2024( A+ GRADED 100% VERIFIED).

1. Which of the following entries satisfies the requirement that an advertisement show that the broker is in the real estate brokerage business? A. J. Jones Realty B. J. Jones, Real Properties C. J. Jones, Real Estate Agency D. J. Jones, Real estate Ventures Answer: C All ads must indicate the name of the brokerage company followed by a term such as REALTOR, Realtist, real estate broker, or real estate agency. 2. A manager rents a unit to a tenant who later has a car accident and is conf...

Water Rights - 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 - an agent to the broker and a subagent to the principal. Depreciation is calculated based on the - Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the - mortgagor A competitive market analysis is MOST o...

PSI NJ REAL ESTATE EXAM 2024 /2025 WITH 100% ACCURATE SOLUTIONS