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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| National Portion (80 questions) | 73% | - Real Property Ownership and Land Use
|
| New Jersey State Portion (30 questions) | 27% | - New Jersey License Law
|
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Question #1
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. $2,150
B. $1,290
C. $2,580
D. $1,548
Question #2
A subordination agreement is used to:
A. initiate foreclosure proceedings.
B. assign rents to the lender in case of borrower default.
C. pledge property for a loan without giving up possession.
D. change the priority of mortgages.
Question #3
A broker is offering a $100 gift certificate at a jewelry store to all sellers who list with the broker during a specified time period. According to the New Jersey Real Estate License Law, such a promotion is prohibited because it:
A. discriminates against sellers who do not list with the broker during the specified time period
B. makes the receipt of the free offering contingent upon sellers listing their properties with the broker
C. discriminates against sellers whose religion prohibits the wearing of jewelry
D. offers compensation for brokerage activity to unlicensed persons
Question #4
A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?
A. The lease expires and the tenant must move.
B. The new owner has the option of canceling the lease or accepting the lease.
C. The tenant and the new owner must negotiate a new lease.
D. The lease is assigned to the new owner.
Question #5
Which of the following statements would most likely be considered mere "puffing"?
A. This area is expected to increase in value by 25% within the next year.
B. Children from this neighborhood have the highest SAT scores.
C. This lot has the most beautiful view of the lake.
D. The utility costs in this home are lower than in any other home in the neighborhood.
Solutions:
| Question #1 Answer: D | Question #2 Answer: D | Question #3 Answer: B | Question #4 Answer: D | Question #5 Answer: C |
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