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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Agency Relationships and Brokerage | |
| Topic 2: Financing and Settlement | |
| Topic 3: Property Ownership | |
| Topic 4: Real Estate Practice and Disclosures | |
| Topic 5: Contracts | |
| Topic 6: Land Use Controls and Regulations | |
| Topic 7: New Jersey Real Estate Law and Regulations | |
| Topic 8: Valuation and Market Analysis | |
| Topic 9: Ethics and Professional Responsibility |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
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. 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.
- 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. The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
Correct Answer: B 🗳️
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If an owner wants to list a property for sale "as is," the listing agent should:
- A. assume that the owner will accept a relatively low price for the property.
- B. question the seller as to any known defects.
- C. conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.
- D. assume that the house is a "fixer-upper."
Correct Answer: B 🗳️
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The best way to research the previous owners of the property would be to research the:
- A. chain of title
- B. grantor
- C. abstract
- D. lien records
Correct Answer: A 🗳️
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A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?
- A. easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property
- B. easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement
- C. easement appurtenant because it cannot run with the land
- D. easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements
Correct Answer: B 🗳️
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A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?
- A. exclusive agency representation
- B. exclusive right to sell
- C. nonexclusive buyer-agency
- D. nonexclusive right-to-lease
Correct Answer: C 🗳️
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