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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Agency Relationships and Brokerage | |
| Contracts | |
| New Jersey Real Estate Law and Regulations | |
| Property Ownership | |
| Ethics and Professional Responsibility | |
| Financing and Settlement | |
| Real Estate Practice and Disclosures | |
| Valuation and Market Analysis | |
| Land Use Controls and Regulations |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. A small broker committee in the local county has set up a new marketing idea. They will give every seller the same commission rate and it will not be negotiable. This will allow the consumers to know exactly what it will cost to list a property. This marketing plan is an example of:
A) market allocation
B) apostille
C) price-fixing
D) consumer protection
2. A broker may legally refuse to accept a listing:
A) at any time, for any legitimate reason.
B) only if the seller cannot give clear title to the property.
C) only if the owner's instructions are illegal.
D) under no circumstances; all owners are entitled to professional representation in the sale of their property.
3. A buyer wants to purchase a home for $400,000 with a 15% down payment. The lender charges 1.5 points.
How much money does the buyer need up front to make the purchase?
A) $60,900
B) $66,000
C) $60,000
D) $65,100
4. A buyer who is purchasing a property intends to build a chain link fence in the backyard. There is a 12-year- old deed restriction that prohibits chain link fences. The licensee finds out that there are no city codes prohibiting chain link fences. Which of the following statements regarding this situation is true?
A) This deed restriction is more restrictive and will, therefore, take precedence.
B) This city code takes priority because deed restrictions expire 10 years after a subdivision is developed.
C) City code always takes priority over deed restrictions.
D) Deed restrictions always take priority over city codes.
5. A deposit check from a buyer paid upon the submission of an offer may be held without being deposited into the broker's escrow account:
A) for no more than five business days after the termination of the attorney review period
B) for no more than five business days after receipt of the money
C) until negotiations are concluded and the seller has accepted the offer
D) until all inspections required by the contract have been performed
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
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