Free Real Estate New-Jersey-Real-Estate-Salesperson Test Practice Test Questions Exam Dumps [Q42-Q61]

NEW QUESTION 42
The main purpose of a deed is to

NEW QUESTION 43
In commercial property leasing, listing agents should ensure that the owner complies with:

NEW QUESTION 44
The heir to a large estate will be of legal age within 30 days. The heir lists for sale with a broker one of the properties held by the estate. The broker knows of a buyer for the property and sells it within 24 hours of listing, with closing to be in 45 days. Both listing and sale contracts are:

NEW QUESTION 45
A home sold for $400,000. It was appraised for $402,000, and the assessed value was $320,000. Assume in this situation, the real estate transfer tax of 1% is paid by the grantee. How much will the seller owe at closing for transfer fees?

NEW QUESTION 46
If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee’s webpage must display the name of the broker as well as the

NEW QUESTION 47
Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

NEW QUESTION 48
The common area of a condominium development is owned by:

NEW QUESTION 49
A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

NEW QUESTION 50
A broker is offering a $100 gift certificate at a jewelry store to all sellers who list with the broker during a specified time period. According to the New Jersey Real Estate License Law, such a promotion is prohibited because it:

NEW QUESTION 51
A licensed broker may establish a commission rate at a predetermined amount that reflects the broker’s general office policy provided the broker:

NEW QUESTION 52
A couple who sell their principal residence may take up to $500,000 in federal capital gains tax-free only if:

NEW QUESTION 53
A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?

NEW QUESTION 54
Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

NEW QUESTION 55
A property was listed for $110,000. It sold for $106,000. A 6.5% fee was split equally between the listing and selling real estate firms. The listing licensee received 55% of the listing office share. How much did the listing licensee receive?

NEW QUESTION 56
Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:

NEW QUESTION 57
Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?

NEW QUESTION 58
The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:

NEW QUESTION 59
Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

NEW QUESTION 60
A Seller’s Property Disclosure form states that there are no known material defects with the property, but the listing licensee is aware of asbestos wrapped duct pipes in the basement. The licensee should:

NEW QUESTION 61
The Multiple Listing Service (MLS) board members decided that the population of each area of the city would be best served by the brokerages who have offices actually located within those areas. The board established boundaries dividing the city into six districts and voted to limit listings for each district to only those brokerages with offices within the district. Brokerages who tried to advertise beyond their own district would be prohibited from listing properties in the MLS. This action violates what Real Estate Law?