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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 Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

A) Follow up on loan applications with lenders
B) Type contracts for approval
C) Make telephone calls to request rent payments
D) Place signs on properties

2. A low loan-to-value ratio indicates a:

A) lower equity in the property.
B) higher equity in the property.
C) greater use of leverage.
D) greater risk of foreclosure.

3. Which of the following statements in an advertisement would be an example of non-discriminatory language under HUD's Fair Housing Advertising Guidelines?

A) located within walking distance to a great Catholic school
B) apartment available. No pets or children allowed
C) nice home ideal for any family with children
D) female seeking female roommate

4. Which of the following can hold escrow accounts?

A) banks, brokers, and attorneys
B) banks, salespersons, and title companies
C) salespersons, brokers, and lenders
D) lenders, brokers, and real estate commissions

5. A licensee lists a property with the knowledge that a major highway is projected to be built within fifty feet of the property and is instructed by the owner not to disclose this fact to prospective purchasers. The licensee should:

A) comply with the owner's instructions to avoid a violation of his fiduciary obligations to the owner
B) advise the seller that unless disclosure is permitted the licensee must refuse the listing
C) service the listing and disclose the information to prospective purchasers without the owner's knowledge
D) service the listing and disclose this information only when asked by a prospective purchaser

Solutions: