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| Section | Objectives |
|---|---|
| Ethics and Professional Responsibility | |
| Contracts | |
| New Jersey Real Estate Law and Regulations | |
| Land Use Controls and Regulations | |
| Real Estate Practice and Disclosures | |
| Property Ownership | |
| Agency Relationships and Brokerage | |
| Financing and Settlement | |
| Valuation and Market Analysis |
Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:
Correct Answer: B 🗳️
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Which of the following can hold escrow accounts?
Correct Answer: B 🗳️
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A licensee listed a house for $187,500, and a dual agency does not exist. A buyer is willing to offer $184,000.
The licensee explains that the seller will take no less than $186,500. The buyer agrees to offer $186,500. Did the licensee act properly?
Correct Answer: B 🗳️
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In advertisements of individual salespersons, which of the following is permitted?
Correct Answer: D 🗳️
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A buyer-broker locates a property that is listed with another broker. The buyer makes an offer through the buyer-broker and an agreement of sale results. In this situation, the buyer-broker is acting as a:
Correct Answer: B 🗳️
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