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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Under the New Jersey Real Estate Sales Full Disclosure Act, the Act does NOT apply to a development project:

A) consisting of 10 units.
B) already approved by the Department of Commerce.
C) where the purchaser's total financial obligation is less than $5,000.
D) extending over a 5 year period only.

2. According to the New Jersey Law Against Discrimination, which of the following descriptions may be used in advertising properties in a townhome development?

A) Senior housing
B) Ethnic neighborhood
C) Close to synagogues and churches
D) Singles only

3. 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 variance or special exception.
B) File an appeal with the local court.
C) Obtain a modification to the local master plan.
D) Obtain a building permit.

4. A subordination agreement is used to:

A) change the priority of mortgages.
B) assign rents to the lender in case of borrower default.
C) pledge property for a loan without giving up possession.
D) initiate foreclosure proceedings.

5. Which of the following items would be prorated at closing with the credit going to the seller?

A) prepaid property taxes
B) accrued interest on an assumed mortgage
C) unearned rent collected in advance
D) earnest money

Solutions: