Real Estate New Jersey Real Estate Salesperson : New-Jersey-Real-Estate-Salesperson

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following statements would most likely be considered mere "puffing"?

A) Children from this neighborhood have the highest SAT scores.
B) This lot has the most beautiful view of the lake.
C) The utility costs in this home are lower than in any other home in the neighborhood.
D) This area is expected to increase in value by 25% within the next year.

2. A buyer made an offer to purchase a home using a VA loan, but the property's appraised value was determined to be less than the contract price. If the buyer really wants the property, which of the following choices is the buyer's best option?

A) Seek an FHA lender who will automatically make up the difference between the contract price and the appraised value.
B) Make up the difference between the contract price and appraised value in cash.
C) Hire an appraiser and see if a second appraisal yields a higher appraised value.
D) Do nothing, because the seller must sell the property at the appraised value.

3. According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer

A) provided it does not exceed 50% of the total commission.
B) if the licensee is the broker.
C) if notated on the contract of sale.
D) if a writing confirming the terms of the rebate is provided to the buyer at closing.

4. If an owner wants to list a property for sale "as is," the listing agent should:

A) question the seller as to any known defects.
B) assume that the owner will accept a relatively low price for the property.
C) assume that the house is a "fixer-upper."
D) conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.

5. In surveying, monuments are used to establish:

A) real estate boundaries
B) a common address
C) historical sites
D) flood elevation

Solutions: