Real Estate New-Jersey-Real-Estate-Salesperson Actual Free Exam Questions & Community Discussion
A seller places a property on the market for sale at a certain price. A buyer sees the property and makes a written offer to purchase that is 90% of the asking price. The seller rejects that offer, but will accept an offer of 95% of the original asking price. The buyer rejects that counteroffer. The original offer is:
Correct Answer: C
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Written offers to purchase real estate in New Jersey must be presented to sellers within:
Correct Answer: A
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Under the New Jersey Real Estate Sales Full Disclosure Act, the Act does NOT apply to a development project:
Correct Answer: D
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According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer
Correct Answer: A
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A couple who sell their principal residence may take up to $500,000 in federal capital gains tax-free only if:
Correct Answer: D
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The common area of a condominium development is owned by:
Correct Answer: D
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A tenant has an option to purchase leased property. The price that the tenant will pay for the property is determined by the:
Correct Answer: D
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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:
Correct Answer: A
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As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:
Correct Answer: A
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