Only $35.99/year

Chapter 1 Weichert Real Estate School

Terms in this set (12)

Broker

Individual licensed to charge the public for real estate services

Broker-Salesperson

Fully qualified broker who remains under another broker's supervision

Bureau of Subdivided Land Sales Control

State agency that approves and registers some out-of-state property

Guaranty Fund

Reimburses persons defrauded or badly served by licensees in real estate transactions

New Jersey Real Estate Commission

Administrator of real estate licenses

Pocket Identification Card

Proof of real estate license

Real Estate Sale Full Disclosure Act

Regulations governing out-of-state properties sold in New Jersey

Realtor

Member of a specific trade organization

Realtor-Associate

Salesperson who joins a particular real estate trade group

Referral Fee

Money paid another broker for sending a client or customer

Salesperson

One licensed to assist a broker in real estate transactions

Title 45, Chapter 15

Law governing the practice of real estate in New Jersey

NJ REAL ESTATE PRACTICE EXAM 2021

95 terms

Weichert real estate school midterm

150 terms

Weichert real estate school midterm

150 terms

Nj re school practice exam

101 terms

Sets found in the same folder

Chapter 2 Weichert Real Estate Commission

10 terms

Weichert Real Estate School Chapter 4

24 terms

Chapter 3 Weichert Real Estate School

39 terms

Weichert Real Estate School Chapter 5

23 terms

Other sets by this creator

English 2B Vocabulary Unit #2

30 terms

1A: Vocabulary 1-3 Review

30 terms

Vocabulary 1-3 Review

31 terms

Vocabulary Unit #1

10 terms

Verified questions

algebra

If you own 100 shares of common stock, which you purchased for $28 a share, and the company declares a cash dividend of$.88 for the quarter, how much will you receive in dividends?

Verified answer

finance

Yung Corporation sold $2,000,000, 7%, 5-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. Yung Corporation uses the straight-line method to amortize bond premium or discount. ***Instructions*** (c) Show the balance sheet presentation for the bond issue at December 31, 2014, using (1) the 102 selling price, and then (2) the 97 selling price.

Verified answer

finance

Karla Tanner opened a web consulting business called Linkworks and completed the following transactions in its first month of operations. Apr. 1 - Tanner invested $80,000 cash along with office equipment valued at$26,000 in the company. 2 - The company prepaid $9,000 cash for 12 months’ rent for office space. *Hint:* Debit Prepaid Rent or$9,000. 3 - The company made credit purchases for $8,000 in office equipment and$3,600 in office supplies. Payment is due within 10 days. 6 - The company completed services for a client and immediately received $4,000 cash. 9 - The company completed a$6,000 project for a client, who must pay within 30 days. 13 - The company paid $11,600 cash to settle the account payable created on April 3. 19 - The company paid$2,400 cash for the premium on a 12-month insurance policy. *Hint:* Debit Prepaid Insurance for $2,400. 22 - The company received$4,400 cash as partial payment for the work completed on April 9. 25 - The company completed work for another client for $2,890 on credit. 28 - Tanner withdrew$5,500 cash from the company for personal use. 29 - The company purchased $600 of additional office supplies on credit. 30 - The company paid$435 cash for this month’s utility bill. Required 1. Prepare general journal entries to record these transactions (use account titles listed in part 2). 2. Open the following ledger accounts—their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); K. Tanner, Capital (301); K. Tanner, Withdrawals (302); Services Revenue (403); and Utilities Expense (690). Post journal entries from part 1 to the ledger accounts and enter the balance after each posting. 3. Prepare a trial balance as of April 30.

Verified answer

world geography

How does the internal structure of the Earth influence the creation of continents, oceans, and mountain ranges?

Verified answer

Fundamentals of Engineering Economic Analysis

1st Edition•ISBN: 9781118414705David Besanko, Mark Shanley, Scott Schaefer

215 solutions

Introductory Business Statistics

1st Edition•ISBN: 9781506699844Alexander Holmes, Barbara Illowsky, Susan Dean

2,174 solutions

Statistics for Business and Economics

13th Edition•ISBN: 9781337359917David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

1,692 solutions

Statistical Techniques in Business and Economics

15th Edition•ISBN: 9780073401805 (12 more)Douglas A. Lind, Samuel A. Wathen, William G. Marchal

1,236 solutions

Other Quizlet sets

Cloud Computing Final - Zhang

50 terms

Police driving

15 terms

Bible - Final Test

30 terms

Bio Major Quiz

32 terms

Chapter 1 Weichert Real Estate School

Terms in this set (12)

Students also viewed

NJ REAL ESTATE PRACTICE EXAM 2021

Weichert real estate school midterm

Weichert real estate school midterm

Nj re school practice exam

Sets found in the same folder

Chapter 2 Weichert Real Estate Commission

Weichert Real Estate School Chapter 4

Chapter 3 Weichert Real Estate School

Weichert Real Estate School Chapter 5

Other sets by this creator

English 2B Vocabulary Unit #2

1A: Vocabulary 1-3 Review

Vocabulary 1-3 Review

Vocabulary Unit #1

Verified questions

Recommended textbook solutions

Fundamentals of Engineering Economic Analysis

Introductory Business Statistics

Statistics for Business and Economics

Statistical Techniques in Business and Economics

Other Quizlet sets

Cloud Computing Final - Zhang

Police driving

Bible - Final Test

Bio Major Quiz

About us

For students

For teachers

Resources

Language