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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Are electronic signatures enforceable on a real estate contract?

A) Yes, because they are allowed by the federal government.
B) No, because they must be signed and witnessed.
C) No, because they are only allowed on deeds.
D) Yes, because they are legal in real estate transactions.

2. A couple secured a home mortgage loan from a lender who appraised the property at $92,500. If the loan-to- value ratio on the property was 85%, what was the minimum amount the couple needed for the down payment?

A) $6,166
B) $10,882
C) $7,862
D) $13,875

3. A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):

A) Real Estate Broker
B) Realtor
C) Licensed Realtor
D) Licensed Real Estate Broker

4. The main purpose of a deed is to

A) provide documentation of legal possession.
B) record and acknowledge title transfer.
C) guarantee clear title.
D) convey title.

5. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) FHA and VA financing available
B) buy for less than $650 per month
C) assumable loan
D) owner willing to finance

Solutions: