1) Correct statement about NJ Real Estate transfer tax? a) payable with new construction b) reduced after the age of 62 c) payable in 30 days 2) The licensee must disclose his status as principal if: a) do not have errors and omissions b) another party's broker asks to c) has future interest in development 3) what is a seller to buyers' broker? a) fiduciary b) client c) customer 4) Zoning law enforced by: a) court order b) deed restriction c) building permits d) variances 5) seller listed property for 120 000, he owes mortgage 20 000. A buyer can put down payment 60 000, carry sellers 20 000 and mortgage of remainder 40 000. What is it called? a) blanket b) equity c) wraparound d) buydown