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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Contracts | |
| Topic 2: Land Use Controls and Regulations | |
| Topic 3: Ethics and Professional Responsibility | |
| Topic 4: New Jersey Real Estate Law and Regulations | |
| Topic 5: Property Ownership | |
| Topic 6: Agency Relationships and Brokerage | |
| Topic 7: Valuation and Market Analysis | |
| Topic 8: Real Estate Practice and Disclosures | |
| Topic 9: Financing and Settlement |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:
- A. disclosing material defects in a property to a prospective purchaser
- B. dealing honestly with all parties
- C. protecting and promoting the interests of the licensee's principal when acting as an agent
- D. accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement
Correct Answer: D 🗳️
Explanation: Only visible for RealValidExam members. You can sign-up / login (it's free).
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. they should do so, because radon is now considered to be one of the causes of lung cancer.
- B. it is unlikely that radon would be a problem in that area.
- C. as long as they are non-smokers, it should not be an issue.
- D. they need not do so, because if radon were present, there would be an odor that would make it easy to detect.
Correct Answer: A 🗳️
Explanation: Only visible for RealValidExam members. You can sign-up / login (it's free).
Which action would be allowed according to the Federal Fair Housing law?
- A. A broker informs a potential seller that there is an influx of immigrants snatching up rentals in the neighborhood, so this would be a good time to sell.
- B. Broker A meets a new Hispanic buyer client. Broker B just sold a handful of condos to other Hispanic buyers in the Kentwood neighborhood, so broker A suggests the new buyer might be comfortable in that neighborhood.
- C. A lender receives notice that a loan application submitted on behalf of a client has been denied. The lender knew the borrower was well qualified, but is told that area is off limits for new loans because of its crime rate.
- D. A landlord receives a rental application from a prospective tenant, who came from Russia a few years ago to attend the local university. The lender denies the rental application after asking for the prospective tenant's visa and determines that it expires in 3 months.
Correct Answer: D 🗳️
Explanation: Only visible for RealValidExam members. You can sign-up / login (it's free).
Which of the following is a radioactive odorless gas which may require mitigation?
- A. formaldehyde
- B. carbon monoxide
- C. radon
- D. asbestos
Correct Answer: C 🗳️
Explanation: Only visible for RealValidExam 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 🗳️
Explanation: Only visible for RealValidExam members. You can sign-up / login (it's free).
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