Confidently Practice Online with Free New-Jersey-Real-Estate-Salesperson Exam Cram

Practice your New Jersey Real Estate Salesperson certification test with free New-Jersey-Real-Estate-Salesperson exam cram and take control of your certification preparation. At FreeExamCram, you can practice online for free using real New-Jersey-Real-Estate-Salesperson exam dumps, verified questions, and expert-designed free online practice tests. Moreover our Real Estate Licensing New-Jersey-Real-Estate-Salesperson exam cram backed by our confidence-boosting refund guarantee.

Question 1

According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer

Options :

A : if the licensee is the broker.

B : if notated on the contract of sale.

C : provided it does not exceed 50% of the total commission.

D : if a writing confirming the terms of the rebate is provided to the buyer at closing.

Answer: D

Question 2

Salesperson P leaves the employ of Broker A. One of the listings at Broker As firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

Options :

A : can be taken to the new firm so there is no interruption of service to the client.

B : cannot be taken because it belongs to Broker A.

C : should be turned into the MLS.

D : should be given to the seller.

Answer: B

Question 3

A subordination agreement is used to:

Options :

A : change the priority of mortgages.

B : initiate foreclosure proceedings.

C : pledge property for a loan without giving up possession.

D : assign rents to the lender in case of borrower default.

Answer: A

Question 4

A seller sold a property for $375,000, with the closing on July 1st, in a jurisdiction where the buyer pays for the day of closing. The seller had a mortgage balance at the time of closing of $301,000, and had recently paid invoices of $400 for the second quarter's water and electricity, $1,200 for new appliances, and roofing repairs of $700. Based only on these items, how much will the seller receive at closing?

Options :

A : $71,700

B : $72,400

C : $73,600

D : $74,000

Answer: D

Question 5

If an owner wants to list a property for sale "as is," the listing agent should:

Options :

A : assume that the owner will accept a relatively low price for the property.

B : conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.

C : question the seller as to any known defects.

D : assume that the house is a "fixer-upper."

Answer: C