Real Estate Licensing New Jersey Real Estate Salesperson Certification Success Guide

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Exam Name: New Jersey Real Estate Salesperson Exam

Exam Code: New Jersey Real Estate Salesperson

Related Certification(s): Real Estate Licensing Exams Certification

Certification Provider: Real Estate Licensing

Number of New Jersey Real Estate Salesperson practice questions in our database: 120

Expected New Jersey Real Estate Salesperson Exam Topics, as suggested by Real Estate Licensing :

Module 1: Property and Ownership Laws: This section of the exam measures the skills of salesperson candidates and covers the fundamentals of real estate ownership. It includes different types of property interests, rights associated with ownership, and how land use is controlled through zoning and regulations. The focus is on giving candidates the foundation needed to handle transactions involving property rights and restrictions.
Module 2: Contracts and Agency: This section of the exam evaluates the knowledge of salesperson candidates in handling real estate contracts and agency relationships. It addresses contract formation, enforceability, and the legal duties agents owe clients. Candidates must understand fiduciary responsibilities, disclosure requirements, and how agreements guide buyer, seller, and broker transactions.
Module 3: Licensing and Commission Rules: This section of the exam assesses the understanding of New Jersey salesperson candidates on the regulatory structure of the state. It explains the role and authority of the New Jersey Real Estate Commission, the requirements for obtaining and maintaining a license, and the disciplinary actions that can be taken for non-compliance.
Module 4: Statutes and Licensee Duties: This section of the exam measures the knowledge of New Jersey salesperson candidates regarding state statutes and their professional obligations. It covers the laws governing the conduct of real estate licensees, including ethical practices, advertising rules, record-keeping, and client representation. The aim is to ensure compliance with New Jerseyâ€™s specific legal framework in day-to-day practice.

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Real Estate Licensing New Jersey Real Estate Salesperson Exam Dumps

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Q1. Which of the following statements about branch offices is INCORRECT?

A.The name of the branch office supervisor must be recorded with the commission.

B. A licensed broker-salesperson must supervise the office on a full-time basis.

C. Two salespersons may be designated to share supervising responsibilities.

D. The employing broker is ultimately responsible for all licensees employed at the branch office.

Q2. 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.change

B. contribution

C. anticipation

D. highest and best use

Q3. Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:

A.accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement

B. dealing honestly with all parties

C. disclosing material defects in a property to a prospective purchaser

D. protecting and promoting the interests of the licensee's principal when acting as an agent

Q4. 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. $4,000

D. $4,020

Q5. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

A.Obtain a building permit.

B. Obtain a modification to the local master plan.

C. Obtain a variance or special exception.

D. File an appeal with the local court.

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