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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Agency Relationships and Brokerage | |
| Land Use Controls and Regulations | |
| Ethics and Professional Responsibility | |
| Property Ownership | |
| Contracts | |
| New Jersey Real Estate Law and Regulations | |
| Real Estate Practice and Disclosures | |
| Valuation and Market Analysis | |
| Financing and Settlement |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Which of the following statements correctly describes a standard feature of a buyer-agency agreement?
- A. The source of compensation determines the agency relationship.
- B. A buyer-agency agreement is an option rather than an employment contract.
- C. It establishes a fiduciary relationship with the buyer.
- D. A retainer fee is normally paid at the time the agreement is signed.
Correct Answer: C 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?
- A. contribution
- B. change
- C. anticipation
- D. highest and best use
Correct Answer: C 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer
- A. if notated on the contract of sale.
- B. if a writing confirming the terms of the rebate is provided to the buyer at closing.
- C. provided it does not exceed 50% of the total commission.
- D. if the licensee is the broker.
Correct Answer: B 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
A lender may add 1/12th of the estimated cost of the annual property taxes and hazard insurance on the mortgaged property to the monthly loan payment for deposit in:
- A. an adjustment account
- B. a PMI account
- C. an impound, escrow, or reserve account
- D. a margin account
Correct Answer: C 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
An appraisal made by a certified appraiser is required:
- A. when the buyer is using an FHA loan to purchase.
- B. when heirs receive property.
- C. before real property can transfer from one owner to another.
- D. before any property settlement in a divorce.
Correct Answer: A 🗳️
Explanation: Only visible for DumpsFree members. You can sign-up / login (it's free).
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