NJ Real Estate Exam Prep | 100 Questions with 100% Correct Answers | Updated & Verified

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An Appraisal made by a Certified appraiser is REQUIRED? - ✔✔WHEN THE BUYER IS USING A FHA LOAN TO PURCHASE Greatest advantage of using FHA financing when buyer plans to occupy? - ✔✔THE REQU... IRED DOWN PAYMENT MAY BE LOWER THAN CONVENTIONAL LOANS What should buyer put in purchase offer to make sure they would NOT have to purchase, if they CANNOT obtain financing? - ✔✔Contingency Conditions does NOT create stigmatized property that may or may not be disclosed under the law of some state? - ✔✔THE OWNER OF THE PROPERTY HAS AIDS Mortgage lender rely on deciding how much is safe to lend on a parcel of RE? - ✔✔APPRAISAL REPORT NJ Private Well Testing Act (PWTA) requires? - ✔✔The buyer & seller to certify receipt of test results before title transfer What is acceptable offering? - ✔✔A FREE DINNER FOR ATTENDEES AT HOMEBUYERS SEMINAR [Show More]

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