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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Ethics and Professional Responsibility | |
| Topic 2: Land Use Controls and Regulations | |
| Topic 3: Agency Relationships and Brokerage | |
| Topic 4: Contracts | |
| Topic 5: Valuation and Market Analysis | |
| Topic 6: Property Ownership | |
| Topic 7: Real Estate Practice and Disclosures | |
| Topic 8: Financing and Settlement | |
| Topic 9: New Jersey Real Estate Law and Regulations |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?
- A. The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
- B. Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
- C. Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
- D. The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
Correct Answer: C 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Which of the following actions is a function of a municipal planning board?
- A. Prescribing and controlling the development and use of all land in a municipality
- B. Creating a master plan for all the land in a particular county
- C. Approving a variance for an addition to a garage on a residential property
- D. Unilaterally approving subdivisions in a jurisdiction
Correct Answer: A 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
The Multiple Listing Service (MLS) board members decided that the population of each area of the city would be best served by the brokerages who have offices actually located within those areas. The board established boundaries dividing the city into six districts and voted to limit listings for each district to only those brokerages with offices within the district. Brokerages who tried to advertise beyond their own district would be prohibited from listing properties in the MLS. This action violates what Real Estate Law?
- A. Diversity Jurisdiction
- B. Civil Rights Act
- C. Sherman Anti-trust Act
- D. Housing and Community Development Act of 1974
Correct Answer: C 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
A home sold for $400,000. It was appraised for $402,000, and the assessed value was $320,000. Assume in this situation, the real estate transfer tax of 1% is paid by the grantee. How much will the seller owe at closing for transfer fees?
- A. $0
- B. $3,200
- C. $4,020
- D. $4,000
Correct Answer: A 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
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 certified appraiser
- B. a licensed real estate broker
- C. any real estate licensee, in each state in which the licensee is licensed
- D. a Certified Public Accountant
Correct Answer: A 🗳️
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).




