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

Section

Weight

Objectives

New Jersey State-Specific Portion

27%

- New Jersey Specific Laws

1. Real Estate Guaranty Fund
2. Law Against Discrimination
3. Time-Share Act
4. Real Estate Sales Full Disclosure Act

- Licensing Requirements

1. Application process
2. Eligibility criteria
3. Education requirements

- Statutes Governing Licensee Activities

1. Trust accounts and record keeping
2. Advertising regulations
3. Licensee conduct rules

- Real Estate Commission Powers and Duties

1. Rulemaking
2. Regulatory authority
3. Licensing and enforcement

National Portion

73%

- Valuation and Market Analysis

1. Appraisal principles
2. Comparative market analysis
3. Market value vs cost

- Transfer of Property

1. Deeds and title insurance
2. Closing procedures
3. Title transfer

- Real Estate Contracts

1. Leases and listing agreements
2. Contract elements
3. Purchase agreements

- Property Ownership

1. Legal descriptions
2. Types of ownership
3. Property rights and interests

- Real Estate Mathematics

1. Tax and proration math
2. Area and volume
3. Commission calculations

- Agency Relationships and Duties

1. Fiduciary duties
2. Disclosure requirements
3. Types of agency

- Financing

1. Lending regulations
2. Mortgage types
3. Closing and settlement

- Land Use Controls and Regulations

1. Public restrictions
2. Zoning and planning
3. Private land use controls

- Fair Housing and Ethics

1. Ethical standards
2. Federal laws
3. Prohibited practices

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question #1

A licensee faxes a list of available properties to prospective buyers. Which of the following is true?

A. The licensee's company's name does not need to be listed.
B. The fax must contain an opt-out provision for future communications.
C. The licensee must include only a phone number to reply.
D. The licensee must mail an identical list to all parties.

Reveal Solution Discussion 0

Correct Answer: B 🗳️