Title: Ace Your Exam Preparation with Real Estate New-Jersey-Real-Estate-Salesperson Ex [Print This Page] Author: samhall671 Time: 14 hour before Title: Ace Your Exam Preparation with Real Estate New-Jersey-Real-Estate-Salesperson Ex P.S. Free & New New-Jersey-Real-Estate-Salesperson dumps are available on Google Drive shared by iPassleader: https://drive.google.com/open?id=1P2cc3vjbb8uWBmlbDcbp4j-u2BGJjK9-
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New Jersey Real Estate Salesperson Exam exam dumps & New-Jersey-Real-Estate-Salesperson practice torrent & New Jersey Real Estate Salesperson Exam training vcesAll candidates want to get Real Estate authentication in a very short time, this has developed into an inevitable trend. Each of them is eager to have a strong proof to highlight their abilities, so they have the opportunity to change their current status. It is not easy to qualify for a qualifying exam in such a short period of time. Our company's New-Jersey-Real-Estate-Salesperson Study Guide is very good at helping customers pass the exam and obtain New-Jersey-Real-Estate-Salesperson certificate in a short time, and now you can free download the demo of our New-Jersey-Real-Estate-Salesperson exam torrent from our website. You will love our New-Jersey-Real-Estate-Salesperson exam prep for sure. Real Estate New Jersey Real Estate Salesperson Exam Sample Questions (Q71-Q76):NEW QUESTION # 71
A deposit check from a buyer paid upon the submission of an offer may be held without being deposited into the broker's escrow account:
A. until all inspections required by the contract have been performed
B. until negotiations are concluded and the seller has accepted the offer
C. for no more than five business days after the termination of the attorney review period
D. for no more than five business days after receipt of the money
Answer: C
Explanation:
According to NJREC Rules (N.J.A.C. 11:5-5.1):
Earnest money deposits must be placed in the broker's escrow (trust) account "promptly".
However, if the parties agree, a check may be held un-deposited until the end of the three-day attorney review period.
Once attorney review is concluded, the check must be deposited within five business days.
Correct answer = D.
Reference: NJREC Rules and Regulations, N.J.A.C. 11:5-5.1; NJ Real Estate Salesperson Study Guide, Chapter on Trust Accounts and Escrow Handling.
NEW QUESTION # 72
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. prepaid property taxes
C. unearned rent collected in advance
D. earnest money
Answer: B
Explanation:
Prepaid items (like property taxes already paid by seller) are prorated at closing, with the buyer reimbursing the seller for the period after closing. The credit therefore goes to the seller.
Accrued interest is typically credited to the buyer (since the seller owes it).
Earnest money is applied to buyer's costs, not prorated.
Unearned rent collected in advance is credited to the buyer, since the seller must pass future rent benefit to the buyer.
Correct answer = B.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Closings and Prorations.
NEW QUESTION # 73
The feature that most distinguishes a joint tenancy from a tenancy in common is
A. right of survivorship
B. unity of possession.
C. right of transfer.
D. undivided interests.
Answer: A
Explanation:
Both joint tenancy and tenancy in common involve co-ownership where each co-owner holds an undivided interest and shares the right of possession. The distinguishing feature is the right of survivorship present in a joint tenancy: upon the death of one joint tenant, their interest automatically passes to the surviving joint tenants rather than being inheritable by heirs.
A (undivided interests) and B (unity of possession) exist in both forms of ownership.
D (right of transfer) also applies to both, since owners may sell or transfer their interest.
Only C (right of survivorship) uniquely characterizes joint tenancy.
(Reference: NJ Real Estate Salesperson Pre-Licensure Course Study Guide, Ownership Interests in Real Estate-Joint Tenancy vs. Tenancy in Common.)
NEW QUESTION # 74
A broker may legally refuse to accept a listing:
A. under no circumstances; all owners are entitled to professional representation in the sale of their property.
B. at any time, for any legitimate reason.
C. only if the seller cannot give clear title to the property.
D. only if the owner's instructions are illegal.
Answer: B
Explanation:
A broker is not obligated to accept every listing.
A broker may refuse listings for legitimate reasons (e.g., property is overpriced, owner is uncooperative, outside area of expertise).
The only prohibition is that brokers cannot refuse a listing for discriminatory reasons in violation of fair housing laws.
Correct answer = A.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Agency Agreements and Fiduciary Duties.
NEW QUESTION # 75
A small broker committee in the local county has set up a new marketing idea. They will give every seller the same commission rate and it will not be negotiable. This will allow the consumers to know exactly what it will cost to list a property. This marketing plan is an example of:
A. price-fixing
B. apostille
C. consumer protection
D. market allocation
Answer: A
Explanation:
Price-fixing occurs when competitors agree to set commission rates or fees rather than allowing them to be independently negotiated.
This practice is a violation of the Sherman Antitrust Act and NJREC regulations.
Market allocation refers to dividing territories or clients.
"Apostille" is irrelevant.
Calling it "consumer protection" is misleading.
Thus, this is an example of price-fixing.
Reference: Sherman Antitrust Act; NJ Real Estate Salesperson Study Guide, Chapter on Antitrust Laws and Commission Practices.
NEW QUESTION # 76
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