New Jersey Real Estate Salesperson Exam: New-Jersey-Real-Estate-Salesperson Exam


"New Jersey Real Estate Salesperson Exam", also known as New-Jersey-Real-Estate-Salesperson exam, is a Real Estate Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 122 Q&As to your New-Jersey-Real-Estate-Salesperson Exam preparation. In the New-Jersey-Real-Estate-Salesperson exam resources, you will cover every field and category in New Jersey Real Estate Certification helping to ready you for your successful Real Estate Certification.

  • Exam Code: New-Jersey-Real-Estate-Salesperson
  • Exam Name: New Jersey Real Estate Salesperson Exam
  • Total Questions: 122

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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: National Portion73%- Transfer of Property
  • 1. Deeds and title insurance
  • 2. Title transfer
  • 3. Closing procedures
- Land Use Controls and Regulations
  • 1. Private land use controls
  • 2. Public restrictions
  • 3. Zoning and planning
- Financing
  • 1. Mortgage types
  • 2. Lending regulations
  • 3. Closing and settlement
- Property Ownership
  • 1. Legal descriptions
  • 2. Types of ownership
  • 3. Property rights and interests
- Fair Housing and Ethics
  • 1. Federal laws
  • 2. Prohibited practices
  • 3. Ethical standards
- Real Estate Mathematics
  • 1. Commission calculations
  • 2. Area and volume
  • 3. Tax and proration math
- Agency Relationships and Duties
  • 1. Disclosure requirements
  • 2. Fiduciary duties
  • 3. Types of agency
- Valuation and Market Analysis
  • 1. Market value vs cost
  • 2. Appraisal principles
  • 3. Comparative market analysis
- Real Estate Contracts
  • 1. Contract elements
  • 2. Leases and listing agreements
  • 3. Purchase agreements
Topic 2: New Jersey State-Specific Portion27%- New Jersey Specific Laws
  • 1. Law Against Discrimination
  • 2. Time-Share Act
  • 3. Real Estate Guaranty Fund
  • 4. Real Estate Sales Full Disclosure Act
- Real Estate Commission Powers and Duties
  • 1. Rulemaking
  • 2. Licensing and enforcement
  • 3. Regulatory authority
- Licensing Requirements
  • 1. Education requirements
  • 2. Eligibility criteria
  • 3. Application process
- Statutes Governing Licensee Activities
  • 1. Licensee conduct rules
  • 2. Trust accounts and record keeping
  • 3. Advertising regulations

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

  • A. Place signs on properties
  • B. Follow up on loan applications with lenders
  • C. Make telephone calls to request rent payments
  • D. Type contracts for approval
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?

  • A. $914,760
  • B. $1,060,500
  • C. $766,000
  • D. $1,354,500
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

A licensee must provide a Consumer Information Statement in all of the following transactions EXCEPT the:

  • A. lease of a three-bedroom apartment for one year
  • B. sale of a vacant one-family lot
  • C. sale of a three-family house in a mixed-use zone
  • D. sublease of a studio apartment for two months
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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The primary intent of the statute of frauds is to:

  • A. reduce real estate contracts to writing.
  • B. protect the rights of buyers who are disabled.
  • C. protect licensees from fraudulent activity.
  • D. enforce oral agreements beyond 1 year.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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A buyer's agent is NOT permitted to tell a buyer that:

  • A. a former occupant of a property had AIDS
  • B. the roof leaked recently but was patched by the owner
  • C. the property was the scene of a serious crime
  • D. the seller is willing to accept less than the listing price because of financial circumstances
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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