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

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

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

3. A CORRECT statement about transaction brokers is that they:

A) may conduct transactions without an active real estate license
B) represent both the buyer and the seller
C) represent neither the buyer nor the seller
D) are required to disclose confidential information

4. Standard title insurance would protect a buyer:

A) for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.
B) if after closing, the HOA placed a lien on the property for the previous owners' unpaid dues.
C) when the seller has forged an ex-partner's signature on the deed.
D) in a purchase where the buyer had knowledge of a shed violating setback requirements.

5. Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

A) Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
B) Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
C) The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
D) The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.

Solutions: