Real Estate New-Jersey-Real-Estate-Salesperson - New Jersey Real Estate Salesperson Exam

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee's webpage must display the name of the broker as well as the

A) address of the branch office from which the licensee operates.
B) broker's email address.
C) broker's telephone number.
D) address of the broker's main office.

2. In many states, usury laws:

A) impose a tax on a purchaser of personal property for resale or use.
B) establish a maximum rate of interest allowed for loans.
C) determine the possible legal use of land.
D) provide a right to use property belonging to another.

3. 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

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

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

5. A licensed broker may establish a commission rate at a predetermined amount that reflects the broker's general office policy provided the broker:

A) advertises the commission rate at least once per month
B) negotiates all commissions with sellers
C) advises the New Jersey Consumer Affairs Division that the broker will not negotiate this commission rate
D) has the percentage or fixed amount printed on all listing agreement forms

Solutions: