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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?

A) a licensed real estate broker
B) a Certified Public Accountant
C) a certified appraiser
D) any real estate licensee, in each state in which the licensee is licensed

2. A broker may legally refuse to accept a listing:

A) only if the seller cannot give clear title to the property.
B) only if the owner's instructions are illegal.
C) at any time, for any legitimate reason.
D) under no circumstances; all owners are entitled to professional representation in the sale of their property.

3. A seller refuses to honor a sales agreement. The buyer could seek specific performance, which is a legal request to:

A) collect punitive damages from the seller.
B) receive monetary damages for losses suffered.
C) cancel all contractual obligations.
D) force the seller to complete the sales agreement.

4. A buyer wants to purchase a home for $400,000 with a 15% down payment. The lender charges 1.5 points.
How much money does the buyer need up front to make the purchase?

A) $66,000
B) $65,100
C) $60,000
D) $60,900

5. 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) any individuals who pay a prorated share of the taxes and maintenance.
D) those owners who were original owners of the units.

Solutions: