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

Question 1

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

Question 2

A licensee listed a house for $187,500, and a dual agency does not exist. A buyer is willing to offer $184,000.
The licensee explains that the seller will take no less than $186,500. The buyer agrees to offer $186,500. Did the licensee act properly?

A. No, the licensee should not have disclosed that the seller would accept less than the listing price.
B. Yes, to ensure acceptance of an offer, the licensee needed to disclose the lowest price the seller would accept.
C. Yes, because the licensee persuaded the buyer to raise the price $2,500.
D. No, the licensee should have accepted the first offer and persuaded the seller to accept it.

Question 3

A licensee faxes a list of available properties to prospective buyers. Which of the following is true?

A. The fax must contain an opt-out provision for future communications.
B. The licensee's company's name does not need to be listed.
C. The licensee must mail an identical list to all parties.
D. The licensee must include only a phone number to reply.

Question 4

Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid
60% of the broker's share. The house was sold for $110,000. How much did the listing agent earn?

A. $1,320
B. $2,640
C. $3,980
D. $1,980

Question 5

Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:

A. chattels
B. personal property
C. trade fixtures
D. real estate

Solutions: