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NJ REAL ESTATE BROKER-S EXAM QUESTIONS WITH CORRECT ANSWERS

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NJ REAL ESTATE BROKER-S EXAM QUESTIONS WITH CORRECT ANSWERS

Instelling
NJ Real Estate
Vak
NJ Real Estate

Voorbeeld van de inhoud

Regardless of a real estate licensee's relationship with a buyer or seller, he / she will
always have the undiminished requirement or duty of


(A.) loyalty


(B.) honesty


(C.) obedience


(D.) disclosure


Give this one a try later!


(B.) honesty




The governments right to take private property for the public good or use is called

,(A.) eminent domain


(B.) escheatment


(C.) condemnation


(D.) force majeure


Give this one a try later!


(A.) eminent domain




When answering questions about a property, the best way to avoid misrepresentation
is to


(A.) pass along only information provided by the seller


(B.) refer all questions to an expert source


(C.) rely on your own expertise and experience


(D.) consult with other licensees within your brokerage


Give this one a try later!


(B.) refer all questions to an expert source




A principal difference between licensees who are brokerage employees versus those
who are independent contractors is that


(A.) the broker has the option to offer or not offer a health insurance plan and other
benefits to licensees who are independent contractors

,(B.) the license sponsorship process is more streamlined for independent contractors.


(C.) income and social security insurance, and most other taxes are withheld at
different rates by the employing broker.


(D.) independent contractor licensees are subject to less control by the employing
broker


Give this one a try later!


(D.) independent contractor licensees are subject to less control by the
employing broker




Which of the following is the first action to take when mold problems are found?


(A.) remove and dispose of contaminated material


(B.) identify and remedy the cause of the problems


(C.) notify the Environmental Protection Agency


(D.) ventilate the affected area


Give this one a try later!


(B.) identify and remedy the cause of the problems




An example of a material latent defect in a house would be


(A.) asbestos wall insulation


(B.) a damp basement

, (C.) a slow shower drain


(D.) exposed knob and tube wiring


Give this one a try later!


(A.) asbestos wall insulation




In New Jersey, every real estate ad placed by a licensee, regardless of form of media,
must contain the


(A.) name of the listing agent


(B.) broker's business name


(C.) municipality and street address of the property


(D.) words "in New Jersey, all commissions are negotiable"


Give this one a try later!


(B.) broker's business name




Federal laws requires which of the following documents to be attached to residential
sales contracts?


(A) CFPB Loan Estimate statement of settlement charges, when financing is by a third
party


(B.) Attorney general's letter on discrimination


(C.) Lead Risk Disclosure, for homes built before 1978

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Instelling
NJ Real Estate
Vak
NJ Real Estate

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Geüpload op
9 april 2026
Aantal pagina's
48
Geschreven in
2025/2026
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