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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Land Use Controls and Regulations | |
| Topic 2: New Jersey Real Estate Law and Regulations | |
| Topic 3: Valuation and Market Analysis | |
| Topic 4: Ethics and Professional Responsibility | |
| Topic 5: Real Estate Practice and Disclosures | |
| Topic 6: Property Ownership | |
| Topic 7: Contracts | |
| Topic 8: Agency Relationships and Brokerage | |
| Topic 9: Financing and Settlement |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
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 has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
- B. The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.
- C. The seller is under no obligation to accept the offer or make a counteroffer.
- D. The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
Correct Answer: C 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:
- A. should be turned into the MLS.
- B. can be taken to the new firm so there is no interruption of service to the client.
- C. should be given to the seller.
- D. cannot be taken because it belongs to Broker A.
Correct Answer: D 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?
- A. any real estate licensee, in each state in which the licensee is licensed
- B. a Certified Public Accountant
- C. a licensed real estate broker
- D. a certified appraiser
Correct Answer: D 🗳️
Explanation: Only visible for TestValid members. You can sign-up / login (it's free).
Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?
- A. The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
- B. Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
- C. The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
- D. Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
Correct Answer: B 🗳️
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If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee's webpage must display the name of the broker as well as the
- A. broker's email address.
- B. broker's telephone number.
- C. address of the broker's main office.
- D. address of the branch office from which the licensee operates.
Correct Answer: C 🗳️
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