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:
| Section | Objectives |
|---|---|
| Topic 1: New Jersey Real Estate Law and Regulations | |
| Topic 2: Agency Relationships and Brokerage | |
| Topic 3: Contracts | |
| Topic 4: Real Estate Practice and Disclosures | |
| Topic 5: Valuation and Market Analysis | |
| Topic 6: Property Ownership | |
| Topic 7: Financing and Settlement | |
| Topic 8: Ethics and Professional Responsibility | |
| Topic 9: Land Use Controls and Regulations |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
An appraisal made by a certified appraiser is required:
- A. before any property settlement in a divorce.
- B. when the buyer is using an FHA loan to purchase.
- C. before real property can transfer from one owner to another.
- D. when heirs receive property.
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Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:
- A. as long as they are non-smokers, it should not be an issue.
- B. they should do so, because radon is now considered to be one of the causes of lung cancer.
- C. they need not do so, because if radon were present, there would be an odor that would make it easy to detect.
- D. it is unlikely that radon would be a problem in that area.
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The Freshwater Wetlands Protection Act of 1987 is a New Jersey law that:
- A. restricts development of real estate in certain designated areas
- B. requires the registration of residential development projects with the New Jersey Department of Community Affairs
- C. requires environmental impact statements to be filed with the New Jersey Department of Environmental Protection before title to developed real estate can be transferred
- D. empowers the New Jersey Department of Environmental Protection to acquire title to certain real estate for less than its fair market value through condemnation
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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. highest and best use
- B. change
- C. anticipation
- D. contribution
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A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase that is 20% less than the list price. Which of the following is appropriate?
- A. The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.
- B. The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
- C. The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
- D. The seller is under no obligation to accept the offer or make a counteroffer.
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