Real Estate New-Jersey-Real-Estate-Salesperson Questions & Answers - in .pdf
- Total Q&A: 122
- Update: Oct 22, 2026
- Price: $59.99
- Vendor: Real Estate
- Exam Code: New-Jersey-Real-Estate-Salesperson
- Exam Name: New Jersey Real Estate Salesperson Exam
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- Total Q&A: 122
- Update: Oct 22, 2026
- Price: $59.99
- Vendor: Real Estate
- Exam Code: New-Jersey-Real-Estate-Salesperson
- Exam Name: New Jersey Real Estate Salesperson Exam
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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|
| National Portion | 73% | - Property Ownership
- 1. Legal descriptions
- 2. Property rights and interests
- 3. Types of ownership
- Real Estate Contracts
- 1. Leases and listing agreements
- 2. Contract elements
- 3. Purchase agreements
- Financing
- 1. Lending regulations
- 2. Closing and settlement
- 3. Mortgage types
- Fair Housing and Ethics
- 1. Ethical standards
- 2. Federal laws
- 3. Prohibited practices
- Agency Relationships and Duties
- 1. Fiduciary duties
- 2. Types of agency
- 3. Disclosure requirements
- Valuation and Market Analysis
- 1. Appraisal principles
- 2. Comparative market analysis
- 3. Market value vs cost
- Land Use Controls and Regulations
- 1. Public restrictions
- 2. Zoning and planning
- 3. Private land use controls
- Real Estate Mathematics
- 1. Tax and proration math
- 2. Area and volume
- 3. Commission calculations
- Transfer of Property
- 1. Closing procedures
- 2. Title transfer
- 3. Deeds and title insurance
|
| New Jersey State-Specific Portion | 27% | - Real Estate Commission Powers and Duties
- 1. Regulatory authority
- 2. Rulemaking
- 3. Licensing and enforcement
- New Jersey Specific Laws
- 1. Law Against Discrimination
- 2. Real Estate Guaranty Fund
- 3. Time-Share Act
- 4. Real Estate Sales Full Disclosure Act
- Statutes Governing Licensee Activities
- 1. Trust accounts and record keeping
- 2. Advertising regulations
- 3. Licensee conduct rules
- Licensing Requirements
- 1. Eligibility criteria
- 2. Application process
- 3. Education requirements
|
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Question #1
Which of the following items would be prorated at closing with the credit going to the seller?
A. prepaid property taxes
B. earnest money
C. unearned rent collected in advance
D. accrued interest on an assumed mortgage
Question #2
A licensee lists a property with the knowledge that a major highway is projected to be built within fifty feet of the property and is instructed by the owner not to disclose this fact to prospective purchasers. The licensee should:
A. comply with the owner's instructions to avoid a violation of his fiduciary obligations to the owner
B. service the listing and disclose the information to prospective purchasers without the owner's knowledge
C. service the listing and disclose this information only when asked by a prospective purchaser
D. advise the seller that unless disclosure is permitted the licensee must refuse the listing
Question #3
The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:
A. appurtenant
B. by prescription
C. in gross
D. by necessity
Question #4
A city has built a new library and has contacted the broker to list and sell the old library building. Which approach should the broker use to estimate the fair market value for the purpose of listing and selling this property?
A. replacement cost
B. sales comparison
C. income approach
D. gross rent multiplier
Question #5
A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to
A. secure the seller's initials confirming the revision.
B. prepare a separate addendum that reflects the revision.
C. verbally inform any buyer's agent of the proposed revision.
D. obtain the consent of the listing broker.
Solutions:
Question #1
Correct Answer: A | Question #2
Correct Answer: D | Question #3
Correct Answer: C | Question #4
Correct Answer: A | Question #5
Correct Answer: A |
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