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

SectionObjectives
Topic 1: Valuation and Market Analysis
Topic 2: Land Use Controls and Regulations
Topic 3: Property Ownership
Topic 4: Contracts
Topic 5: Ethics and Professional Responsibility
Topic 6: Agency Relationships and Brokerage
Topic 7: New Jersey Real Estate Law and Regulations
Topic 8: Financing and Settlement
Topic 9: Real Estate Practice and Disclosures

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question #1

The Freshwater Wetlands Protection Act of 1987 is a New Jersey law that:

  • A. empowers the New Jersey Department of Environmental Protection to acquire title to certain real estate for less than its fair market value through condemnation
  • B. requires environmental impact statements to be filed with the New Jersey Department of Environmental Protection before title to developed real estate can be transferred
  • C. requires the registration of residential development projects with the New Jersey Department of Community Affairs
  • D. restricts development of real estate in certain designated areas
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

  • A. all three of the offers
  • B. the offer with the highest sale price
  • C. the first offer received
  • D. the offer most favorable to the seller, including price and all terms
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Correct Answer: A  🗳️

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Question #3

The common area of a condominium development is owned by:

  • A. its duly elected Board of Directors.
  • B. those owners who were original owners of the units.
  • C. any individuals who pay a prorated share of the taxes and maintenance.
  • D. all owners as tenants in common.
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Correct Answer: D  🗳️

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Question #4

According to the New Jersey Real Estate Time Share Act, if a licensee is selling a timeshare located within the state of New Jersey, all of the following are true EXCEPT that the:

  • A. contract of sale must provide notice of a seven calendar day rescission period.
  • B. licensee must provide the buyer with a copy of the Public Offering Statement.
  • C. timeshare must be approved by the Real Estate Commission.
  • D. licensee must hold a timeshare sales license.
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Correct Answer: D  🗳️

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Question #5

Under the New Jersey Real Estate Sales Full Disclosure Act, the Act does NOT apply to a development project:

  • A. already approved by the Department of Commerce.
  • B. where the purchaser's total financial obligation is less than $5,000.
  • C. consisting of 10 units.
  • D. extending over a 5 year period only.
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Correct Answer: B  🗳️

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