Real Estate New-Jersey-Real-Estate-Salesperson Questions & Answers - in .pdf
- Vendor: Real Estate
- Exam Code: New-Jersey-Real-Estate-Salesperson
- Exam Name: New Jersey Real Estate Salesperson Exam
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- Exam Code: New-Jersey-Real-Estate-Salesperson
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Real Estate New-Jersey-Real-Estate-Salesperson Exam Overview:
| Certification Vendor: | New Jersey Real Estate Commission |
|---|---|
| Exam Name: | New Jersey Real Estate Salesperson Licensing Examination |
| Exam Number: | NJ Real Estate Salesperson Exam |
| Available Languages: | English |
| Related Certifications: | New Jersey Real Estate Broker License |
| Exam Duration: | 240 minutes |
| Certificate Validity Period: | License renewal required every 2 years |
| Real Exam Qty: | 110 (80 national + 30 state) |
| Passing Score: | 70% |
| Exam Price: | $38–$45 USD (exam fee, varies by testing provider) |
| Exam Format: | Multiple Choice, Computer-based testing |
| Recommended Training: | New Jersey Realtors Education Programs PSI Candidate Information Bulletin (NJ Real Estate Exam) |
| Exam Registration: | New Jersey Real Estate Licensing Information PSI Exams Registration Portal (New Jersey Real Estate) |
| Sample Questions: | Real Estate New-Jersey-Real-Estate-Salesperson Sample Questions |
| Exam Way: | Computer-based exam administered at PSI testing centers |
| Pre Condition: | Completion of a 75-hour pre-licensing course approved by the New Jersey Real Estate Commission |
| Official Syllabus URL: | https://www.nj.gov/dobi/division_rec/licensing/realestate.htm |
Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Valuation and Market Analysis | |
| Contracts | |
| Financing and Settlement | |
| Property Ownership | |
| Real Estate Practice and Disclosures | |
| Agency Relationships and Brokerage | |
| New Jersey Real Estate Law and Regulations | |
| Land Use Controls and Regulations | |
| Ethics and Professional Responsibility |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Question 1
A small broker committee in the local county has set up a new marketing idea. They will give every seller the same commission rate and it will not be negotiable. This will allow the consumers to know exactly what it will cost to list a property. This marketing plan is an example of:
A. price-fixing
B. apostille
C. consumer protection
D. market allocation
Question 2
The following statement was found in a real estate sales contract: "In the event of a default by the purchaser, the forfeiture of the earnest money to the seller will be the only compensation to which the seller will be entitled." This statement most likely describes a:
A. default delivery clause
B. indemnification clause
C. broker protection clause
D. liquidated damages clause
Question 3
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.
Question 4
A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around:
A. $123,500
B. $148,500
C. $147,500
D. $128,500
Question 5
The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:
A. only cash offers to the seller.
B. all offers to the seller.
C. the highest offer to the seller.
D. the highest cash offer to the seller.
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: B |
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