Exam Name: New Jersey Real Estate Salesperson Exam
Certification Provider: Real Estate
Corresponding Certification: New Jersey Real Estate
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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 73% | - Financing
|
| Topic 2: New Jersey State-Specific Portion | 27% | - Licensing Requirements
|
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:
- A. can be taken to the new firm so there is no interruption of service to the client.
- B. cannot be taken because it belongs to Broker A.
- C. should be given to the seller.
- D. should be turned into the MLS.
Correct Answer: B 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
Are electronic signatures enforceable on a real estate contract?
- A. No, because they must be signed and witnessed.
- B. No, because they are only allowed on deeds.
- C. Yes, because they are allowed by the federal government.
- D. Yes, because they are legal in real estate transactions.
Correct Answer: D 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?
- A. highest and best use
- B. change
- C. contribution
- D. anticipation
Correct Answer: D 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
The common area of a condominium development is owned by:
- A. its duly elected Board of Directors.
- B. all owners as tenants in common.
- C. those owners who were original owners of the units.
- D. any individuals who pay a prorated share of the taxes and maintenance.
Correct Answer: B 🗳️
Explanation: Only visible for PassLeader members. You can sign-up / login (it's free).
Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?
- A. $914,760
- B. $1,060,500
- C. $1,354,500
- D. $766,000
Correct Answer: B 🗳️
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