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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: New Jersey State-Specific Portion | 27% | - Statutes Governing Licensee Activities
|
| Topic 2: National Portion | 73% | - Land Use Controls and Regulations
|
Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. Which of the following best describes the Housing for Older Persons Act?
A) It requires that at least 80% of occupied units have one person age 55 or older living there.
B) It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt.
C) It allows grandparents with grandchildren to be exempt from the provisions of the Act.
D) It requires that 55-and-older housing have significant facilities and services designed for seniors.
2. A married couple is planning to purchase a house that costs $86,000. If they obtain a 60% loan and the lender charges a 2.5% loan origination fee and 0.5 discount points, what is the cost of these expenses?
A) $1,548
B) $1,290
C) $2,150
D) $2,580
3. A licensee faxes a list of available properties to prospective buyers. Which of the following is true?
A) The fax must contain an opt-out provision for future communications.
B) The licensee must mail an identical list to all parties.
C) The licensee's company's name does not need to be listed.
D) The licensee must include only a phone number to reply.
4. The primary intent of the statute of frauds is to:
A) enforce oral agreements beyond 1 year.
B) protect the rights of buyers who are disabled.
C) reduce real estate contracts to writing.
D) protect licensees from fraudulent activity.
5. A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:
A) give the principal receipts for all expenditures
B) retain the difference between the amount of money collected and the amount spent
C) deduct the amount collected from the commission or settlement
D) furnish within ninety days of its collection an accounting of how the money was used
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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