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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) nonexclusive buyer-agency
B) exclusive right to sell
C) exclusive agency representation
D) nonexclusive right-to-lease

2. New Jersey Real Estate Commission regulations require a licensee to terminate membership in a real estate board or multiple listing service whenever the organization:

A) advocates rules, practices, and/or standards with which the licensee does not agree
B) lobbies against legislation that the licensee personally favors
C) charges dues that the licensee feels are excessive
D) suggests uniform commission rates among all member brokers

3. A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around:

A) $128,500
B) $123,500
C) $147,500
D) $148,500

4. Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?

A) $766,000
B) $914,760
C) $1,060,500
D) $1,354,500

5. An appraisal made by a certified appraiser is required:

A) when heirs receive property.
B) before real property can transfer from one owner to another.
C) when the buyer is using an FHA loan to purchase.
D) before any property settlement in a divorce.

Solutions: