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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: Real Estate Practice and Disclosures | |
| Topic 4: Valuation and Market Analysis | |
| Topic 5: Land Use Controls and Regulations | |
| Topic 6: Financing and Settlement | |
| Topic 7: Ethics and Professional Responsibility | |
| Topic 8: Property Ownership | |
| Topic 9: Contracts |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Question 1
A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?
A. all three of the offers
B. the offer with the highest sale price
C. the offer most favorable to the seller, including price and all terms
D. the first offer received
Question 2
A low loan-to-value ratio indicates a:
A. lower equity in the property.
B. greater risk of foreclosure.
C. greater use of leverage.
D. higher equity in the property.
Question 3
A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:
A. notify the salesperson's employing broker of the circumstances pertaining to the conviction
B. suspend the salesperson's license
C. revoke the salesperson's license
D. determine, at its discretion, what disciplinary action to take against the salesperson
Question 4
A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:
A. furnish within ninety days of its collection an accounting of how the money was used
B. retain the difference between the amount of money collected and the amount spent
C. give the principal receipts for all expenditures
D. deduct the amount collected from the commission or settlement
Question 5
A licensed broker may establish a commission rate at a predetermined amount that reflects the broker's general office policy provided the broker:
A. has the percentage or fixed amount printed on all listing agreement forms
B. negotiates all commissions with sellers
C. advises the New Jersey Consumer Affairs Division that the broker will not negotiate this commission rate
D. advertises the commission rate at least once per month
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: D | Question 4 Answer: A | Question 5 Answer: B |
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