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

SectionWeightObjectives
New Jersey State Portion (30 questions)27%- New Jersey License Law
  • 1. License types and categories
  • 2. Continuing education requirements
  • 3. Disciplinary procedures
  • 4. License requirements and qualifications
- New Jersey-Specific Practices
  • 1. New Jersey landlord-tenant law basics
  • 2. Agency relationships in NJ
  • 3. State-specific contracts and forms
  • 4. Brokerage arrangements
- New Jersey Real Estate Commission Rules
  • 1. Transaction requirements
  • 2. Advertising rules
  • 3. Commission regulations
  • 4. Office and supervisory requirements
National Portion (80 questions)73%- Practice and Ethics
  • 1. Licensee responsibilities
  • 2. Fiduciary duties
  • 3. Trust account requirements
  • 4. Code of ethics
- Finance and Lending
  • 1. Foreclosure processes
  • 2. Loan application and approval
  • 3. Financing types and products
  • 4. Mortgage calculations
- Contracts and Agreements
  • 1. Purchase and sale contracts
  • 2. Contract contingencies
  • 3. Breach of contract remedies
  • 4. Lease agreements
- Calculations
  • 1. Interest and amortization
  • 2. Commission calculations
  • 3. Proration calculations
  • 4. ROI and capitalization rates
- Property Transfer and Disclosure
  • 1. Deeds and title transfer
  • 2. Federal fair housing laws
  • 3. Disclosure requirements
  • 4. Listing agreements
- Real Property Ownership and Land Use
  • 1. Property rights and interests
  • 2. Encumbrances and liens
  • 3. Types of ownership
  • 4. Zoning and land use regulations

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question 1

A buyer wants to purchase a home for $400,000 with a 15% down payment. The lender charges 1.5 points.
How much money does the buyer need up front to make the purchase?

A. $66,000
B. $60,900
C. $65,100
D. $60,000


Question 2

A client is considering listing an industrially zoned 10-acre site. It has been vacant for several years, and was formerly used as an automobile junkyard. What would a responsible real estate licensee recommend the seller consider obtaining prior to putting the property on the market?

A. a radon measurement analysis
B. an air quality report from the Environmental Protection Agency
C. an environmental site assessment
D. an electromagnetic field determination


Question 3

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. a Certified Public Accountant
B. a certified appraiser
C. any real estate licensee, in each state in which the licensee is licensed
D. a licensed real estate broker


Question 4

A seller refuses to honor a sales agreement. The buyer could seek specific performance, which is a legal request to:

A. receive monetary damages for losses suffered.
B. force the seller to complete the sales agreement.
C. cancel all contractual obligations.
D. collect punitive damages from the seller.


Question 5

A licensee lists a property with the knowledge that a major highway is projected to be built within fifty feet of the property and is instructed by the owner not to disclose this fact to prospective purchasers. The licensee should:

A. service the listing and disclose this information only when asked by a prospective purchaser
B. comply with the owner's instructions to avoid a violation of his fiduciary obligations to the owner
C. advise the seller that unless disclosure is permitted the licensee must refuse the listing
D. service the listing and disclose the information to prospective purchasers without the owner's knowledge


Solutions:

Question 1
Answer: C
Question 2
Answer: C
Question 3
Answer: B
Question 4
Answer: B
Question 5
Answer: C

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