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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: New Jersey State Portion (30 questions) | 27% | - New Jersey-Specific Practices
- 1. State-specific contracts and forms
- 2. New Jersey landlord-tenant law basics
- 3. Brokerage arrangements
- 4. Agency relationships in NJ
- New Jersey License Law
- 1. License requirements and qualifications
- 2. Disciplinary procedures
- 3. License types and categories
- 4. Continuing education requirements
- New Jersey Real Estate Commission Rules
- 1. Office and supervisory requirements
- 2. Advertising rules
- 3. Commission regulations
- 4. Transaction requirements
|
| Topic 2: National Portion (80 questions) | 73% | - Property Transfer and Disclosure
- 1. Federal fair housing laws
- 2. Disclosure requirements
- 3. Listing agreements
- 4. Deeds and title transfer
- Finance and Lending
- 1. Loan application and approval
- 2. Foreclosure processes
- 3. Financing types and products
- 4. Mortgage calculations
- Real Property Ownership and Land Use
- 1. Encumbrances and liens
- 2. Zoning and land use regulations
- 3. Property rights and interests
- 4. Types of ownership
- Calculations
- 1. Proration calculations
- 2. Commission calculations
- 3. Interest and amortization
- 4. ROI and capitalization rates
- Contracts and Agreements
- 1. Breach of contract remedies
- 2. Lease agreements
- 3. Contract contingencies
- 4. Purchase and sale contracts
- Practice and Ethics
- 1. Licensee responsibilities
- 2. Code of ethics
- 3. Fiduciary duties
- 4. Trust account requirements
|
Real Estate New Jersey Real Estate Salesperson Sample Questions:
According to the New Jersey Law Against Discrimination, which of the following descriptions may be used in advertising properties in a townhome development?
- A. Senior housing
- B. Singles only
- C. Ethnic neighborhood
- D. Close to synagogues and churches
Reveal Solution
Discussion
Correct Answer: A 🗳️
Explanation: Only visible for TestPDF members. You can sign-up / login (it's free).
A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):
- A. Licensed Realtor
- B. Realtor
- C. Real Estate Broker
- D. Licensed Real Estate Broker
Reveal Solution
Discussion
Correct Answer: D 🗳️
Explanation: Only visible for TestPDF members. You can sign-up / login (it's free).
A married couple is purchasing a home. They ask the salesperson to advise them regarding the best way to take title. The salesperson should
- A. decline to advise them and suggest that they consult an attorney.
- B. explain the possible types of joint ownership so they understand the options.
- C. advise them to take title as tenants by the entirety.
- D. ask a broker to make a recommendation.
Reveal Solution
Discussion
Correct Answer: A 🗳️
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An appraisal made by a certified appraiser is required:
- A. before real property can transfer from one owner to another.
- B. before any property settlement in a divorce.
- C. when heirs receive property.
- D. when the buyer is using an FHA loan to purchase.
Reveal Solution
Discussion
Correct Answer: D 🗳️
Explanation: Only visible for TestPDF members. You can sign-up / login (it's free).
Which of the following is least likely to be considered in establishing the value of a property by the sales comparison approach?
- A. the size of the lot
- B. the capitalization rate
- C. the date of sale
- D. the square footage of the building
Reveal Solution
Discussion
Correct Answer: B 🗳️
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