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

Section

Weight

Objectives

Topic 1: New Jersey State Portion (30 questions)

27%

- New Jersey Real Estate Commission Rules

1. Advertising rules
2. Office and supervisory requirements
3. Transaction requirements
4. Commission regulations

- New Jersey License Law

1. Continuing education requirements
2. License types and categories
3. Disciplinary procedures
4. License requirements and qualifications

- New Jersey-Specific Practices

1. State-specific contracts and forms
2. Brokerage arrangements
3. New Jersey landlord-tenant law basics
4. Agency relationships in NJ

Topic 2: National Portion (80 questions)

73%

- Finance and Lending

1. Mortgage calculations
2. Loan application and approval
3. Foreclosure processes
4. Financing types and products

- Calculations

1. Interest and amortization
2. Proration calculations
3. ROI and capitalization rates
4. Commission calculations

- Property Transfer and Disclosure

1. Disclosure requirements
2. Listing agreements
3. Deeds and title transfer
4. Federal fair housing laws

- Contracts and Agreements

1. Contract contingencies
2. Purchase and sale contracts
3. Lease agreements
4. Breach of contract remedies

- Practice and Ethics

1. Trust account requirements
2. Licensee responsibilities
3. Code of ethics
4. Fiduciary duties

- Real Property Ownership and Land Use

1. Encumbrances and liens
2. Types of ownership
3. Zoning and land use regulations
4. Property rights and interests

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question #1

A property was listed for $110,000. It sold for $106,000. A 6.5% fee was split equally between the listing and selling real estate firms. The listing licensee received 55% of the listing office share. How much did the listing licensee receive?

A. $1,966.25
B. $3,575.00
C. $3,789.50
D. $1,894.75

Reveal Solution Discussion 0

Correct Answer: D 🗳️