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Real Estate Licensing New Jersey Real Estate Salesperson Exam Dumps

Vendor

Real Estate Licensing

Exam Code

New Jersey Real Estate Salesperson

Exam Name

New Jersey Real Estate Salesperson Exam

Exam Duration

Total Questions

120

$ 49

PDF VERSION

DEMO QUESTIONS

Q1:

Which of the following statements about branch offices is INCORRECT?

A: The name of the branch office supervisor must be recorded with the commission.

B: A licensed broker-salesperson must supervise the office on a full-time basis.

C: Two salespersons may be designated to share supervising responsibilities.

D: The employing broker is ultimately responsible for all licensees employed at the branch office.

Correct Answer: C

Q2:

After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?

A: change

B: contribution

C: anticipation

D: highest and best use

Correct Answer: C

Q3:

Under New Jersey Real Estate Commission rules, a licensee’s obligations to the public include all of the following responsibilities EXCEPT:

A: accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement

B: dealing honestly with all parties

C: disclosing material defects in a property to a prospective purchaser

D: protecting and promoting the interests of the licensee's principal when acting as an agent

Correct Answer: A

Q4:

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: $3,200

C: $4,000

D: $4,020

Correct Answer: A

Q5:

Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

A: Obtain a building permit.

B: Obtain a modification to the local master plan.

C: Obtain a variance or special exception.

D: File an appeal with the local court.

Correct Answer: C

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