PSI NJ Real Estate Exam Updated 2024/2025;Actual Questions and Answers Verified 100%,PSI NJ Real Estate Exam Updated 2024/2025;Actual Questions and Answers Verified 100%

PSI NJ Real Estate Exam, PSI Practice Test EXAM NEWEST,
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2024/ 2025, ACTUAL EXAM QUESTIONS AND CORRECTDETAILED ANS
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WERS |ALREADY GRADED A
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Akborrowerkhaskdefaultedkonkthekmortgage.kThekmortgagekcontainskan

accelerationkclause.kThiskpermitsktheklenderktok ......answer...... demandkimmediate

paymentkofkthekentireknote.



Akbrokerkhaskbroughtkakready,kwilling,kandkablekbuyerktokakseller.kInkMOSTklisting

contracts,kthekbrokerkhaskearnedkhiskcommissionkwhenk ......answer. ..... thekseller

acceptskthekoffer



Akbrokerkhasksignedkaklistingkcontractkforktheksalekofkakhome.kWhichkofkthe

followingkcouldkmakekthiskcontractkvoidable?



a. Theksellerkcannotkwritekandksignkwithkank"X".

b. Theklistingkcontractkspecifieskthatknokotherkbrokerkmaykshowkthekhouse.

c. Theksellerkiskheavilykunderkthekinfluencekofkalcoholkatkthektimekofksigning.

d. Theklistingkcontractkspecifieskthatkakcommissionkwillkbekpaidkonlykifkthekhouse

isksoldkwithink3kweeks.k ......answer..... Theksellerkiskheavilykunderkthekinfluencekof

alcoholkatkthektimekofksigning.



Akbrokerklistskakproperty,kwithkaklistingkcontractkallowingksubagencykandkdual

agency.kOnekofkthekbroker'sksalespersonskshowskthekproperty.kTheksalesperson

,wouldkbekclassifiedkask ......answer..... aksubagentkofkthekseller.k—k(Thinkk-

brokeragekiskthekAGENCY,ksalespersonkiskworkingkunderkthekagency)



Akbrokerksays,kwhilekshowingkakruralkproperty,k"Thiskpropertykhaskthekworld's

purestkwellkwater."kThiskwouldkbekankexamplekofk ......answer ..... ankexpressionkof

opinion,korkpuffing,kwhichkcouldkleadktokmisrepresentation.



Akbrokerksupplieskthekfinancingkforkakprojectktokbuildkcondominiumskwithkthe

stipulationkthatkhekhaskthekexclusivekrightktoksellkthekcompletedkcondos.kWhat

typekofkagencykBESTkdescribeskthiskrelationship?k ......answer ..... Agencykcoupled

withkankinterest



Akbrokerksupplieskthekfinancingkforkakprojectktokbuildkcondominiumskwithkthe

stipulationkthatkhekhaskthekexclusivekrightktoksellkthekcompletedkcondos.kWhich

typekofkagencykiskthisk ......answer. ... agencykcoupledkwithkankinterest



Akbuyerkiskgettingkakfullykamortizedkloankfork$220,000.kThekbankkwillkgivekthekbuyer

thekloankfork15kyearskatk5k1/2%korkfork30kyearskatk6k1/2%.kToktheknearestkcent,kwhat

iskthekdifferencekbetweenkthekmonthlykpaymentskforkthesektwokloans?k(BEkSURE

TOkUSEkTHEkAMORTIZATIONkTABLE.)kk......answer ..... $409.20



Akbuyerkmadekankofferkonkakpropertykthatkwasklistedkatk$350,000.kShekwantedkto

putk$35,000kdownkandkmakekpaymentsktokthekseller,kallowedktheksellerktokretain

, titlekuntilkthekprincipalkwaskpaidkoff.kTheksellerkaccepted,kandkthekbuyerkbecameka

......answer. ... vendee



Akbuyerkwasknegotiatingkthekpurchasekofkakhousekforkhimself.kDuringka

conversationkwithkthekseller,ktheksellerkagreedktokincludekallkkitchenkapplianceskin

theksale,kandkthiskfactkwaskincludedkinktheksaleskcontract.kInkthisksituation,kifkthe

sellerktakeskthekapplianceskwithkhim,kwhatkrecoursekdoeskthekbuyerkhave?

......answer. ... Thekbuyerkmayksuektheksellerkforkspecifickperformance.



AkchargekofkviolationkofkFederalkFairkHousingklawskcankbekheardkbykan

administrativeklawkjudgekwithinkthekDepartmentkofkHousingkandkUrban

Developmentk(HUD)korkbykakFederalkdistrictkcourtkjudgekinkFederalkcourt.kThe

advantagekofkakFederalkcourtkhearingktokthekcomplainingkpartykiskthat

......answer. ... Therekisknokdollarklimitkonkdamageskpaid



Akcompanykagreesktokleasekakpropertyktokbekusedkaskakgamblingkcasino.kState

lawskprohibitkgambling.kThiskparticularkcontractkwouldkbeklegallykdefinedkas

......answer. ... void



AkcompetitivekmarketkanalysiskiskMOSTkoftenkusedkfork ......answer. .... settingka

listingkprice