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its a real estate questions 16) Under New Jersey Real Estate commission rules, a licensees obligation to the public Includes all of the following except
its a real estate questions
16) Under New Jersey Real Estate commission rules, a licensees obligation to the public Includes all of the following except A) Accepting any reasonable commission offered by a seller in the course of negotiation a listing agreement B) Dealing honesty with all parties C) Disclosing material defectgs in a property to a prospective purchaser D) Protecting and promoting the interest of the licensees principal when acting as an agent 17) Which of the following statements in an advertisement would be an example of non- discrimatory language? A) "Female seeking female roommate B) "nice home ideal for any family with children" C) "Apartment avalaible. No pets or children allowed" D) "Located within walking distance to a great catholic school 18) A seller is interested in providing financing to the buyer of her home, but she wants to retain title until the loan balance A) Asset integrated mortgage B) Wraparound mortgage C) Contract for deed D) Subordination of deed 19) What does the mortgage lenders most often rely on when deciding how much is safe to lend on a parcel of real estate A) Market anaylsis I D) Subordination of deed 19) What does the mortgage lenders most often rely on when deciding how much is safe to lend on a parcel of real estate A) Market anaylsis B) Sale Contract C) Apprasial Report D) Assessors determination 20) Written offers to purchase real estate in New Jersey must be presented to sellers within A) 24 hours B) 48 Hours C) 3 Days D) 5 Days Real property is defined as land and everything pormadently attached to it Real property is defined as land and everything permanently attached to it Real propert is defined as land and everything permanently attached to it 7 16) Under New Jersey Real Estate commission rules, a licensees obligation to the public includes all of the following except A) Accepting any reasonable commission offered by a seller in the course of negotiation a listing agreement B) Dealing honesty with all parties C) Disclosing material defectgs in a property to a prospective purchaser D) Protecting and promoting the interest of the licensees principal when acting as an agent 17) Which of the following statements in an advertisement would be an example of non- discrimatory language? A) "Female seeking female roommate B) "nice home ideal for any family with children" C) "Apartment avalaible. No pets or children allowed" D) "Located within walking distance to a great catholic school" 18) A seller is interested in providing financing to the buyer of her home, but she wants to retain title until the loan balance A) Asset integrated mortgage B) Wraparound mortgage C) Contract for deed D) Subordination of deed 19) What does the mortgage lenders most often rely on when deciding how much is safe to lend on a parcel of real estate A) Market anaylsis D) The property was the scene of a serious crime 8) Which of the following actions is a function of a municipal planning board? A) Approving a variance for an addition to a garage on a residential property B) Creating a master plan for all the land in a particular county C) Unilaterly approving subdivision in a jurisdiction D) Prescribing and controlling the development and use of all land in a municipality 9) Title Insurance has allowed for more accessible loans for buyers. This is because A) The lender policies can add excemptions to the owners policy B) It reduces the risk of loss due to buyer default C) It reduces the risk of loss due to title defects D) Lender policies are paid for by buyers 10) An Appraisal made by a certified appraiser is required A) Before real propery can transfer from one owner to another B) When heirs receive property C) When the buyer is using an Fha Loan to purchase D) Before any property settlement in a divorce 11) Upon termination of a salesperson, the broker is required to give a written accounting of monies ower to that sales A) Seven B) Thirty C) Sixty D) Ninety 12) A real estate salesperson legally represents the party who has A) Paid a commission to the licensee's broker B) Entered into an agency agreement with the license broker C) Entered into an exlusive agreement directly with the individual salesperson D) Made personal contact with the licensee les satisfies the requirement that an advertisement show that the broker is in the real estate A) J. Jones Realty B) J Jones, Real Properties C) J Jones, Real estate Agency D) J. Jones, Real estate Ventures 3) A license affiliates with a principal broker as an independent contractor. Which of the following must the principal? A) An independent contractor agreement with compensation based on production B) Advertising and an independent contractor agreement with compensation based on production C) Cards, Insurance, and an independent contractor agreement with compensation based on production D) Advertising, office space and an independent contractor agreement with compensation based on production 4) In estimating the value of a 50-unit apartment complex. Which of the following approaches would yield the most A Cost B) Income C) Market Data D) Gross rent multiplier 5) In New Jersey, the reality transfer fee appears on the closing statement as a A) Debit to the seller 1 B) Debit to the buyer C) Credit to the seller 1) Which of the following is a permitted free offering? A) A Complimentary home warranty with every listing B) A Coupon for 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. the maintenance requirement for 2)According to New Jersey real estate licensing law, what all records of real estate? A) Files must be able to be reproduced on paper for review by the commission B) Files must be kept on paper and available for review up to 10 years C) Files must be submitted electronically to the commission D) Files must be kept on premises and available to the public at any time 2) Which of the following entries satisfies the requirement that an advertisement show that the broker is in the real estate A) J. Jones Realty B) J Jones, Real Properties C) J Jones, Real estate Agency D) J. Jones, Real estate Ventures 3) A license affiliates with a principal broker as an independent contractor. Which of the following must the principal? I A) An independent contractor agreement with compensation based on production B) Advertising and an independent contractor agreement with compensation based on production C) Cards, Insurance, and an independent contractor agreement with compensation based with compensation Step by Step Solution
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