Exam Code: New-Jersey-Real-Estate-Salesperson
Exam Name: New Jersey Real Estate Salesperson Exam
Certification Provider: Real Estate
Corresponding Certification: New Jersey Real Estate
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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

SectionObjectives
Ethics and Professional Responsibility
Real Estate Practice and Disclosures
Land Use Controls and Regulations
New Jersey Real Estate Law and Regulations
Financing and Settlement
Contracts
Agency Relationships and Brokerage
Property Ownership
Valuation and Market Analysis

Real Estate New Jersey Real Estate Salesperson Sample Questions:

A property that contains a 2,500-square-foot house has a land value of $45,000. The house suffers from
$7,000 of physical depreciation and $2,500 of functional obsolescence. If the replacement cost of the house is
$75 per square foot, what is the value of the property?

  • A. $187,500
  • B. $178,000
  • C. $232,500
  • D. $223,000
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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New Jersey Real Estate Commission regulations require a licensee to terminate membership in a real estate board or multiple listing service whenever the organization:

  • A. charges dues that the licensee feels are excessive
  • B. advocates rules, practices, and/or standards with which the licensee does not agree
  • C. suggests uniform commission rates among all member brokers
  • D. lobbies against legislation that the licensee personally favors
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:

  • A. puffing
  • B. steering
  • C. redlining
  • D. blockbusting
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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A property was listed for $110,000. It sold for $106,000. A 6.5% fee was split equally between the listing and selling real estate firms. The listing licensee received 55% of the listing office share. How much did the listing licensee receive?

  • A. $3,575.00
  • B. $1,966.25
  • C. $1,894.75
  • D. $3,789.50
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

  • A. The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
  • B. Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
  • C. Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
  • D. The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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