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Real Estate New-Jersey-Real-Estate-Salesperson Exam Overview:
| Certification Vendor: | New Jersey Real Estate Commission |
| Exam Name: | New Jersey Real Estate Salesperson Licensing Examination |
| Exam Number: | NJ Real Estate Salesperson Exam |
| Exam Price: | $38–$45 USD (exam fee, varies by testing provider) |
| Related Certifications: | New Jersey Real Estate Broker License |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Computer-based testing |
| Exam Duration: | 240 minutes |
| Real Exam Qty: | 110 (80 national + 30 state) |
| Passing Score: | 70% |
| Certificate Validity Period: | License renewal required every 2 years |
| Recommended Training: | PSI Candidate Information Bulletin (NJ Real Estate Exam) New Jersey Realtors Education Programs |
| Exam Registration: | PSI Exams Registration Portal (New Jersey Real Estate) New Jersey Real Estate Licensing Information |
| Sample Questions: | Real Estate New-Jersey-Real-Estate-Salesperson Sample Questions |
| Exam Way: | Computer-based exam administered at PSI testing centers |
| Pre Condition: | Completion of a 75-hour pre-licensing course approved by the New Jersey Real Estate Commission |
| Official Syllabus URL: | https://www.nj.gov/dobi/division_rec/licensing/realestate.htm |
Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Property Ownership | |
| Topic 2: Valuation and Market Analysis | |
| Topic 3: Financing and Settlement | |
| Topic 4: Ethics and Professional Responsibility | |
| Topic 5: Real Estate Practice and Disclosures | |
| Topic 6: New Jersey Real Estate Law and Regulations | |
| Topic 7: Land Use Controls and Regulations | |
| Topic 8: Contracts | |
| Topic 9: Agency Relationships and Brokerage |
Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?
A) 4 acres
B) 8 acres
C) 2 acres
D) 1 acre
2. Which of the following statements correctly describes a standard feature of a buyer-agency agreement?
A) The source of compensation determines the agency relationship.
B) A buyer-agency agreement is an option rather than an employment contract.
C) It establishes a fiduciary relationship with the buyer.
D) A retainer fee is normally paid at the time the agreement is signed.
3. A seller refuses to honor a sales agreement. The buyer could seek specific performance, which is a legal request to:
A) force the seller to complete the sales agreement.
B) cancel all contractual obligations.
C) receive monetary damages for losses suffered.
D) collect punitive damages from the seller.
4. 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) $4,020
C) $4,000
D) $3,200
5. 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) $60,900
B) $60,000
C) $66,000
D) $65,100
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
By Marshall
