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[Hardware] New-Jersey-Real-Estate-Salesperson Questions - Highly Recommended By Professiona

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【Hardware】 New-Jersey-Real-Estate-Salesperson Questions - Highly Recommended By Professiona

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Real Estate New Jersey Real Estate Salesperson Exam Sample Questions (Q109-Q114):NEW QUESTION # 109
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. $60,900
  • B. $60,000
  • C. $66,000
  • D. $65,100
Answer: D
Explanation:


NEW QUESTION # 110
A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?
  • A. the offer most favorable to the seller, including price and all terms
  • B. all three of the offers
  • C. the first offer received
  • D. the offer with the highest sale price
Answer: B
Explanation:
Under NJREC rules and fiduciary duties:
A licensee must present all written offers to the seller immediately but no later than 24 hours after receipt.
The seller has the right to consider every offer, regardless of sequence or perceived favorability.
Therefore, at the 7 p.m. appointment, the listing broker must present all three offers.
Correct answer = A.
Reference: NJREC Rules and Regulations, N.J.A.C. 11:5-6.9; NJ Real Estate Salesperson Study Guide, Chapter on Offers.

NEW QUESTION # 111
The common area of a condominium development is owned by:
  • A. all owners as tenants in common.
  • B. those owners who were original owners of the units.
  • C. any individuals who pay a prorated share of the taxes and maintenance.
  • D. its duly elected Board of Directors.
Answer: A
Explanation:
In a condominium, each unit owner owns their unit in fee simple.
All common areas (hallways, grounds, recreational areas) are owned by all unit owners collectively as tenants in common, with each owner's interest proportional to their ownership share.
The Board of Directors manages, but does not own, the common areas.
Correct answer = D.
Reference: NJ Condominium Act, N.J.S.A. 46:8B-1 et seq.; NJ Real Estate Salesperson Study Guide, Chapter on Common Interest Properties.

NEW QUESTION # 112
Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:
  • A. it is unlikely that radon would be a problem in that area.
  • B. as long as they are non-smokers, it should not be an issue.
  • C. they should do so, because radon is now considered to be one of the causes of lung cancer.
  • D. they need not do so, because if radon were present, there would be an odor that would make it easy to detect.
Answer: C
Explanation:
Radon is a colorless, odorless, radioactive gas linked to lung cancer.
The EPA and NJDEP recommend testing homes for radon regardless of location.
Licensees should never minimize the risk or falsely suggest it is detectable by odor.
The best professional response is to recommend that buyers test for radon because it is a known health risk.
Correct answer = C.
Reference: NJDEP Radon Hazard Program; NJ Real Estate Salesperson Study Guide, Chapter on Environmental Issues.

NEW QUESTION # 113
A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?
  • A. 8 acres
  • B. 2 acres
  • C. 1 acre
  • D. 4 acres
Answer: A
Explanation:


NEW QUESTION # 114
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