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

SectionWeightObjectives
Topic 1: New Jersey State-Specific Portion27%- Licensing Requirements
  • 1. Application process
  • 2. Education requirements
  • 3. Eligibility criteria
- New Jersey Specific Laws
  • 1. Law Against Discrimination
  • 2. Real Estate Sales Full Disclosure Act
  • 3. Time-Share Act
  • 4. Real Estate Guaranty Fund
- Real Estate Commission Powers and Duties
  • 1. Rulemaking
  • 2. Regulatory authority
  • 3. Licensing and enforcement
- Statutes Governing Licensee Activities
  • 1. Advertising regulations
  • 2. Licensee conduct rules
  • 3. Trust accounts and record keeping
Topic 2: National Portion73%- Land Use Controls and Regulations
  • 1. Public restrictions
  • 2. Zoning and planning
  • 3. Private land use controls
- Real Estate Mathematics
  • 1. Tax and proration math
  • 2. Commission calculations
  • 3. Area and volume
- Fair Housing and Ethics
  • 1. Prohibited practices
  • 2. Federal laws
  • 3. Ethical standards
- Property Ownership
  • 1. Types of ownership
  • 2. Legal descriptions
  • 3. Property rights and interests
- Real Estate Contracts
  • 1. Contract elements
  • 2. Purchase agreements
  • 3. Leases and listing agreements
- Transfer of Property
  • 1. Closing procedures
  • 2. Title transfer
  • 3. Deeds and title insurance
- Valuation and Market Analysis
  • 1. Comparative market analysis
  • 2. Appraisal principles
  • 3. Market value vs cost
- Agency Relationships and Duties
  • 1. Types of agency
  • 2. Disclosure requirements
  • 3. Fiduciary duties
- Financing
  • 1. Lending regulations
  • 2. Closing and settlement
  • 3. Mortgage types

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Are electronic signatures enforceable on a real estate contract?

A) No, because they are only allowed on deeds.
B) Yes, because they are legal in real estate transactions.
C) No, because they must be signed and witnessed.
D) Yes, because they are allowed by the federal government.


2. A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?

A) easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements
B) easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property
C) easement appurtenant because it cannot run with the land
D) easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement


3. In advertisements of individual salespersons, which of the following is permitted?

A) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.
B) Placing the real estate office sign on a personal residence.
C) Including reference to a home office.
D) Linking a personal real estate webpage to the salesperson's broker's website.


4. Which of the following actions is a function of a municipal planning board?

A) Creating a master plan for all the land in a particular county
B) Unilaterally approving subdivisions in a jurisdiction
C) Approving a variance for an addition to a garage on a residential property
D) Prescribing and controlling the development and use of all land in a municipality


5. 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) $1,354,500
B) $1,060,500
C) $914,760
D) $766,000


Solutions:

Question # 1
Answer: B
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: D
Question # 5
Answer: B

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