Title: Test New-Jersey-Real-Estate-Salesperson Guide & New New-Jersey-Real-Estate-S [Print This Page] Author: davidwa636 Time: 16 hour before Title: Test New-Jersey-Real-Estate-Salesperson Guide & New New-Jersey-Real-Estate-S P.S. Free 2026 Real Estate New-Jersey-Real-Estate-Salesperson dumps are available on Google Drive shared by Pass4guide: https://drive.google.com/open?id=11CXuDnU9jwhilt_47dceOk9-r7groBGv
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New New-Jersey-Real-Estate-Salesperson Test Practice, Exam New-Jersey-Real-Estate-Salesperson DetailsPass4guide provides accurate and up-to-date Real Estate New-Jersey-Real-Estate-Salesperson Exam Questions that ensure exam success. With these Real Estate New-Jersey-Real-Estate-Salesperson practice questions, you can pass the New-Jersey-Real-Estate-Salesperson exam on the first try. Pass4guide understands the stress and anxiety that exam candidates experience while studying. As a result, they provide personalized Real Estate New-Jersey-Real-Estate-Salesperson Practice Exam material to assist you in efficiently preparing for the exam. Real Estate New Jersey Real Estate Salesperson Exam Sample Questions (Q116-Q121):NEW QUESTION # 116
A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:
A. notify the salesperson's employing broker of the circumstances pertaining to the conviction
B. suspend the salesperson's license
C. revoke the salesperson's license
D. determine, at its discretion, what disciplinary action to take against the salesperson
Answer: D
Explanation:
Under N.J.S.A. 45:15-17, the New Jersey Real Estate Commission (NJREC) has discretionary authority to determine appropriate disciplinary action when a licensee is convicted of a crime related to their licensed activities.
The Commission may choose to suspend, revoke, or otherwise discipline the licensee depending on circumstances.
It is not automatic that the license must be revoked or suspended; the Commission evaluates the case.
Correct answer = C.
Reference: NJ Real Estate Licensing Law, N.J.S.A. 45:15-17; NJ Real Estate Salesperson Study Guide, Chapter on Disciplinary Actions.
NEW QUESTION # 117
The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:
A. all offers to the seller.
B. only cash offers to the seller.
C. the highest offer to the seller.
D. the highest cash offer to the seller.
Answer: A
Explanation:
According to NJREC Rules (N.J.A.C. 11:5-6.9):
A licensee must present all written offers to the seller immediately (within 24 hours).
It is the seller's decision which offer to accept.
A broker cannot filter or withhold offers (cash or financed) without the seller's explicit instruction.
Correct answer = D.
Reference: NJREC Rules and Regulations; NJ Real Estate Salesperson Study Guide, Chapter on Fiduciary Duties and Offer Presentation.
NEW QUESTION # 118
A subordination agreement is used to:
A. initiate foreclosure proceedings.
B. pledge property for a loan without giving up possession.
C. assign rents to the lender in case of borrower default.
D. change the priority of mortgages.
Answer: D
Explanation:
Lien priority is generally determined by the order of recording.
A subordination agreement is a legal document in which a lienholder voluntarily lowers its lien priority in favor of another lien.
It does not initiate foreclosure, pledge property, or assign rents.
Correct answer = A.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Mortgages and Financing Instruments.
NEW QUESTION # 119
Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid
60% of the broker's share. The house was sold for $110,000. How much did the listing agent earn?
A. $2,640
B. $3,980
C. $1,320
D. $1,980
Answer: D
Explanation:
Calculation (Finance/Math section of the NJ Real Estate Salesperson Pre-Licensure Course Study Guide):
* Total commission = $110,000 ¡Á 6% = $6,600
* Two firms split equally: each broker gets $3,300
* Listing licensee paid 60% of broker's share: $3,300 ¡Á 0.60 = $1,980
Thus, the listing agent's earnings are $1,980.
(Reference: NJ Real Estate Salesperson Pre-Licensure Course Study Guide, Math for Salespersons- Commission Splits.)
NEW QUESTION # 120
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?
A. $74,000
B. $73,600
C. $72,400
D. $71,700
Answer: A
Explanation:
Sale price = $375,000
Mortgage payoff = $301,000
Seller prepaid invoices (utilities, appliances, roof) are already paid and not reimbursable through closing unless agreed. They do not affect the closing statement.
Buyer pays closing day (July 1), so no adjustment required for that day.
375
,
000
#
301
,
000
=
74
,
000
375,000#301,000=74,000
Thus, the seller's net proceeds = $74,000.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Closings and Settlement Statements.
NEW QUESTION # 121
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