NJ Real Estate case studies
NJ Real Estate · Put your knowledge to work in context.
The New Jersey Real Estate Salesperson license is the entry-level credential that lets a person engage in real estate brokerage activity in New Jersey while working under the supervision of a licensed New Jersey real estate broker. It is intended for career changers and new entrants who want to represent buyers, sellers, landlords, or tenants, and it is the prerequisite step before eventually qualifying for a broker license. The NJ Real Estate case studies are 5 cases and about 3,183 words.
1The Unlicensed Assistant, the Instagram Post, and the Cousin's Cut
Priya is a salesperson at Harborline Realty in Atlantic County. Her unlicensed assistant, Dev, handles the office's social media.
598 words, about 3 min2The Open House Confession: Seller's Agent, Dual Agency, and a Leak
At an open house in Metuchen, buyers Kim and Ray Nguyen tell the salesperson on duty, Lena, that they are pre-approved to 900,000, would "go to 960,000 to win," and would waive the inspection. Cedar Point Realty holds the listing; Lena is its listing salesperson.
661 words, about 3 min3The Attorney Review Clock and $25,000 in Escrow
On Friday, March 7, the Harts sign a New Jersey Realtors standard form contract to buy a Hoboken condominium for 640,000; the seller signs the same day, and the fully signed contract is delivered to both sides Friday evening. The contract contains the standard attorney review clause.
607 words, about 3 min4The Grandfathered Two-Family, the Fence, and the Driveway
Amara is buying a 1920s two-family in a New Jersey borough zoned R-1 (single-family). Both units have been rented continuously since 1974.
704 words, about 4 min5The $1,050,000 Contract That Appraised at $1,010,000
Nadia is pre-approved at 80% loan-to-value on a 30-year fixed at 6.5%, with a monthly payment factor of 6.32 per 1,000 borrowed. She signs a contract for a single-family home in Bergen County at 1,050,000 with a 52,500 deposit.
613 words, about 3 min