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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following items would be prorated at closing with the credit going to the seller?

A) accrued interest on an assumed mortgage
B) unearned rent collected in advance
C) prepaid property taxes
D) earnest money

2. The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:

A) by necessity
B) by prescription
C) in gross
D) appurtenant

3. An applicant for a real estate salesperson's license must apply for the issuance of the license within:

A) one year from the date of passing the state licensing examination
B) one year from the date of beginning the prelicensure education course
C) 30 days after accepting an offer of employment from a licensed real estate broker
D) one year from the date of completion of the prelicensure education course

4. A buyer wants to purchase a home for $400,000 with a 15% down payment. The lender charges 1.5 points.
How much money does the buyer need up front to make the purchase?

A) $60,000
B) $65,100
C) $60,900
D) $66,000

5. In surveying, monuments are used to establish:

A) real estate boundaries
B) flood elevation
C) historical sites
D) a common address

Solutions: