{"id":110255,"date":"2025-09-13T03:02:51","date_gmt":"2025-09-13T03:02:51","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=110255"},"modified":"2025-09-13T03:02:51","modified_gmt":"2025-09-13T03:02:51","slug":"new-jersey-real-estate-salesperson-exam-dumps-v8-02-your-way-to-achieve-new-jersey-real-estate-salesperson-license","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/new-jersey-real-estate-salesperson-exam-dumps-v8-02-your-way-to-achieve-new-jersey-real-estate-salesperson-license.html","title":{"rendered":"New Jersey Real Estate Salesperson Exam Dumps (V8.02): Your Way to Achieve New Jersey Real Estate Salesperson License"},"content":{"rendered":"<p>When planning to access the New Jersey Real Estate Salesperson License, you must be at least 18 years old and have a high school education or equivalent. And also, you must pass the New Jersey Real Estate Salesperson exam successfully. With New Jersey Real Estate Salesperson exam dumps (V8.02) from DumpsBase, you can achieve success on your first attempt. At DumpsBase, we specialize in providing high-quality and up-to-date exam questions that are specifically designed to help real estate professionals like you pass their certification exams with confidence. Choose DumpsBase as your preparation partner. Our New Jersey Real Estate Salesperson dumps are created by industry experts who understand the exam requirements and real-world scenarios you&#8217;ll encounter. All the questions are aligned with the exam objectives. Before downloading the latest resource, you can read our free dumps first here.<\/p>\n<h2>Below are our <span style=\"background-color: #ffff99;\"><em>New Jersey Real Estate Salesperson free dumps<\/em><\/span> for checking online:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam10790\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-10790\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-10790\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-425995'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Last year, an apartment building had a net operating income of $174,000. <br \/>\r<br>If a potential buyer is looking for a capitalization rate of 8%, how much should the buyer be willing to pay for the building?<\/div><input type='hidden' name='question_id[]' id='qID_1' value='425995' \/><input type='hidden' id='answerType425995' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425995[]' id='answer-id-1649258' class='answer   answerof-425995 ' value='1649258'   \/><label for='answer-id-1649258' id='answer-label-1649258' class=' answer'><span>$139,200<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425995[]' id='answer-id-1649259' class='answer   answerof-425995 ' value='1649259'   \/><label for='answer-id-1649259' id='answer-label-1649259' class=' answer'><span>$174,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425995[]' id='answer-id-1649260' class='answer   answerof-425995 ' value='1649260'   \/><label for='answer-id-1649260' id='answer-label-1649260' class=' answer'><span>$1,392,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425995[]' id='answer-id-1649261' class='answer   answerof-425995 ' value='1649261'   \/><label for='answer-id-1649261' id='answer-label-1649261' class=' answer'><span>$2,175,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-425996'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>What is the difference between a license to use property and an easement?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='425996' \/><input type='hidden' id='answerType425996' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425996[]' id='answer-id-1649262' class='answer   answerof-425996 ' value='1649262'   \/><label for='answer-id-1649262' id='answer-label-1649262' class=' answer'><span>A license can be cancelled by the issuer.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425996[]' id='answer-id-1649263' class='answer   answerof-425996 ' value='1649263'   \/><label for='answer-id-1649263' id='answer-label-1649263' class=' answer'><span>An easement can be cancelled by the issuer.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425996[]' id='answer-id-1649264' class='answer   answerof-425996 ' value='1649264'   \/><label for='answer-id-1649264' id='answer-label-1649264' class=' answer'><span>There must be consideration paid for a license.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425996[]' id='answer-id-1649265' class='answer   answerof-425996 ' value='1649265'   \/><label for='answer-id-1649265' id='answer-label-1649265' class=' answer'><span>There must be consideration paid for an easement.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-425997'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. <br \/>\r<br>Which type of agreement would protect the buyer from owing multiple commissions?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='425997' \/><input type='hidden' id='answerType425997' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425997[]' id='answer-id-1649266' class='answer   answerof-425997 ' value='1649266'   \/><label for='answer-id-1649266' id='answer-label-1649266' class=' answer'><span>exclusive agency representation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425997[]' id='answer-id-1649267' class='answer   answerof-425997 ' value='1649267'   \/><label for='answer-id-1649267' id='answer-label-1649267' class=' answer'><span>nonexclusive right-to-lease<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425997[]' id='answer-id-1649268' class='answer   answerof-425997 ' value='1649268'   \/><label for='answer-id-1649268' id='answer-label-1649268' class=' answer'><span>nonexclusive buyer-agency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425997[]' id='answer-id-1649269' class='answer   answerof-425997 ' value='1649269'   \/><label for='answer-id-1649269' id='answer-label-1649269' class=' answer'><span>exclusive right to sell<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-425998'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>Which of the following can hold escrow accounts?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='425998' \/><input type='hidden' id='answerType425998' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425998[]' id='answer-id-1649270' class='answer   answerof-425998 ' value='1649270'   \/><label for='answer-id-1649270' id='answer-label-1649270' class=' answer'><span>lenders, brokers, and real estate commissions<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425998[]' id='answer-id-1649271' class='answer   answerof-425998 ' value='1649271'   \/><label for='answer-id-1649271' id='answer-label-1649271' class=' answer'><span>banks, salespersons, and title companies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425998[]' id='answer-id-1649272' class='answer   answerof-425998 ' value='1649272'   \/><label for='answer-id-1649272' id='answer-label-1649272' class=' answer'><span>banks, brokers, and attorneys<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425998[]' id='answer-id-1649273' class='answer   answerof-425998 ' value='1649273'   \/><label for='answer-id-1649273' id='answer-label-1649273' class=' answer'><span>salespersons, brokers, and lenders<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-425999'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>In advertisements of individual salespersons, which of the following is permitted?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='425999' \/><input type='hidden' id='answerType425999' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425999[]' id='answer-id-1649274' class='answer   answerof-425999 ' value='1649274'   \/><label for='answer-id-1649274' id='answer-label-1649274' class=' answer'><span>Having the broker\u2019s name appear in smaller print than the salesperson\u2019s name in a newspaper ad.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425999[]' id='answer-id-1649275' class='answer   answerof-425999 ' value='1649275'   \/><label for='answer-id-1649275' id='answer-label-1649275' class=' answer'><span>Including reference to a home office.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425999[]' id='answer-id-1649276' class='answer   answerof-425999 ' value='1649276'   \/><label for='answer-id-1649276' id='answer-label-1649276' class=' answer'><span>Placing the real estate office sign on a personal residence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-425999[]' id='answer-id-1649277' class='answer   answerof-425999 ' value='1649277'   \/><label for='answer-id-1649277' id='answer-label-1649277' class=' answer'><span>Linking a personal real estate webpage to the salesperson's broker's website.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-426000'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>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. <br \/>\r<br>This marketing plan is an example of:<\/div><input type='hidden' name='question_id[]' id='qID_6' value='426000' \/><input type='hidden' id='answerType426000' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426000[]' id='answer-id-1649278' class='answer   answerof-426000 ' value='1649278'   \/><label for='answer-id-1649278' id='answer-label-1649278' class=' answer'><span>apostille<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426000[]' id='answer-id-1649279' class='answer   answerof-426000 ' value='1649279'   \/><label for='answer-id-1649279' id='answer-label-1649279' class=' answer'><span>price-fixing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426000[]' id='answer-id-1649280' class='answer   answerof-426000 ' value='1649280'   \/><label for='answer-id-1649280' id='answer-label-1649280' class=' answer'><span>market allocation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426000[]' id='answer-id-1649281' class='answer   answerof-426000 ' value='1649281'   \/><label for='answer-id-1649281' id='answer-label-1649281' class=' answer'><span>consumer protection<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-426001'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='426001' \/><input type='hidden' id='answerType426001' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426001[]' id='answer-id-1649282' class='answer   answerof-426001 ' value='1649282'   \/><label for='answer-id-1649282' id='answer-label-1649282' class=' answer'><span>Six-family dwelling unit, a portion of which is used for non-residential purposes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426001[]' id='answer-id-1649283' class='answer   answerof-426001 ' value='1649283'   \/><label for='answer-id-1649283' id='answer-label-1649283' class=' answer'><span>Commercial building that does not exceed 10,000 square feet<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426001[]' id='answer-id-1649284' class='answer   answerof-426001 ' value='1649284'   \/><label for='answer-id-1649284' id='answer-label-1649284' class=' answer'><span>Subdivision of fifteen or more lots<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426001[]' id='answer-id-1649285' class='answer   answerof-426001 ' value='1649285'   \/><label for='answer-id-1649285' id='answer-label-1649285' class=' answer'><span>Single family residential vacant lot<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-426002'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>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:<\/div><input type='hidden' name='question_id[]' id='qID_8' value='426002' \/><input type='hidden' id='answerType426002' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426002[]' id='answer-id-1649286' class='answer   answerof-426002 ' value='1649286'   \/><label for='answer-id-1649286' id='answer-label-1649286' class=' answer'><span>Statement of Record filed by the developer with the Commission<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426002[]' id='answer-id-1649287' class='answer   answerof-426002 ' value='1649287'   \/><label for='answer-id-1649287' id='answer-label-1649287' class=' answer'><span>New Jersey Public Offering Statement approved by the Commission<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426002[]' id='answer-id-1649288' class='answer   answerof-426002 ' value='1649288'   \/><label for='answer-id-1649288' id='answer-label-1649288' class=' answer'><span>deed or other instrument establishing title in the name of the developer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426002[]' id='answer-id-1649289' class='answer   answerof-426002 ' value='1649289'   \/><label for='answer-id-1649289' id='answer-label-1649289' class=' answer'><span>filed plat map identifying the location of the property being bought or leased<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-426003'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>A seller sold a property for $375,000, with the closing on July 1st, in a jurisdiction where the buyer pays for the day of closing. The seller had a mortgage balance at the time of closing of $301,000, and had recently paid invoices of $400 for the second quarter's water and electricity, $1,200 for new appliances, and roofing repairs of $700. <br \/>\r<br>Based only on these items, how much will the seller receive at closing?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='426003' \/><input type='hidden' id='answerType426003' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426003[]' id='answer-id-1649290' class='answer   answerof-426003 ' value='1649290'   \/><label for='answer-id-1649290' id='answer-label-1649290' class=' answer'><span>$71,700<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426003[]' id='answer-id-1649291' class='answer   answerof-426003 ' value='1649291'   \/><label for='answer-id-1649291' id='answer-label-1649291' class=' answer'><span>$72,400<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426003[]' id='answer-id-1649292' class='answer   answerof-426003 ' value='1649292'   \/><label for='answer-id-1649292' id='answer-label-1649292' class=' answer'><span>$73,600<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426003[]' id='answer-id-1649293' class='answer   answerof-426003 ' value='1649293'   \/><label for='answer-id-1649293' id='answer-label-1649293' class=' answer'><span>$74,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-426004'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>A buyer made an offer to purchase a home using a VA loan, but the property\u2019s appraised value was determined to be less than the contract price. <br \/>\r<br>If the buyer really wants the property, which of the following choices is the buyer's best option?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='426004' \/><input type='hidden' id='answerType426004' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426004[]' id='answer-id-1649294' class='answer   answerof-426004 ' value='1649294'   \/><label for='answer-id-1649294' id='answer-label-1649294' class=' answer'><span>Do nothing, because the seller must sell the property at the appraised value.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426004[]' id='answer-id-1649295' class='answer   answerof-426004 ' value='1649295'   \/><label for='answer-id-1649295' id='answer-label-1649295' class=' answer'><span>Make up the difference between the contract price and appraised value in cash.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426004[]' id='answer-id-1649296' class='answer   answerof-426004 ' value='1649296'   \/><label for='answer-id-1649296' id='answer-label-1649296' class=' answer'><span>Hire an appraiser and see if a second appraisal yields a higher appraised value.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426004[]' id='answer-id-1649297' class='answer   answerof-426004 ' value='1649297'   \/><label for='answer-id-1649297' id='answer-label-1649297' class=' answer'><span>Seek an FHA lender who will automatically make up the difference between the contract price and the appraised value.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-426005'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>The following statement was found in a real estate sales contract: &quot;In the event of a default by the purchaser, the forfeiture of the earnest money to the seller will be the only compensation to which the seller will be entitled.&quot; <br \/>\r<br>This statement most likely describes a:<\/div><input type='hidden' name='question_id[]' id='qID_11' value='426005' \/><input type='hidden' id='answerType426005' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426005[]' id='answer-id-1649298' class='answer   answerof-426005 ' value='1649298'   \/><label for='answer-id-1649298' id='answer-label-1649298' class=' answer'><span>broker protection clause<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426005[]' id='answer-id-1649299' class='answer   answerof-426005 ' value='1649299'   \/><label for='answer-id-1649299' id='answer-label-1649299' class=' answer'><span>liquidated damages clause<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426005[]' id='answer-id-1649300' class='answer   answerof-426005 ' value='1649300'   \/><label for='answer-id-1649300' id='answer-label-1649300' class=' answer'><span>default delivery clause<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426005[]' id='answer-id-1649301' class='answer   answerof-426005 ' value='1649301'   \/><label for='answer-id-1649301' id='answer-label-1649301' class=' answer'><span>indemnification clause<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-426006'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. <br \/>\r<br>How much should these two parcels have cost together?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='426006' \/><input type='hidden' id='answerType426006' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426006[]' id='answer-id-1649302' class='answer   answerof-426006 ' value='1649302'   \/><label for='answer-id-1649302' id='answer-label-1649302' class=' answer'><span>$766,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426006[]' id='answer-id-1649303' class='answer   answerof-426006 ' value='1649303'   \/><label for='answer-id-1649303' id='answer-label-1649303' class=' answer'><span>$914,760<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426006[]' id='answer-id-1649304' class='answer   answerof-426006 ' value='1649304'   \/><label for='answer-id-1649304' id='answer-label-1649304' class=' answer'><span>$1,060,500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426006[]' id='answer-id-1649305' class='answer   answerof-426006 ' value='1649305'   \/><label for='answer-id-1649305' id='answer-label-1649305' class=' answer'><span>$1,354,500<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-426007'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Are electronic signatures enforceable on a real estate contract?<\/div><input type='hidden' name='question_id[]' id='qID_13' value='426007' \/><input type='hidden' id='answerType426007' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426007[]' id='answer-id-1649306' class='answer   answerof-426007 ' value='1649306'   \/><label for='answer-id-1649306' id='answer-label-1649306' class=' answer'><span>Yes, because they are allowed by the federal government.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426007[]' id='answer-id-1649307' class='answer   answerof-426007 ' value='1649307'   \/><label for='answer-id-1649307' id='answer-label-1649307' class=' answer'><span>Yes, because they are legal in real estate transactions.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426007[]' id='answer-id-1649308' class='answer   answerof-426007 ' value='1649308'   \/><label for='answer-id-1649308' id='answer-label-1649308' class=' answer'><span>No, because they are only allowed on deeds.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426007[]' id='answer-id-1649309' class='answer   answerof-426007 ' value='1649309'   \/><label for='answer-id-1649309' id='answer-label-1649309' class=' answer'><span>No, because they must be signed and witnessed.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-426008'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>The Freshwater Wetlands Protection Act of 1987 is a New Jersey law that:<\/div><input type='hidden' name='question_id[]' id='qID_14' value='426008' \/><input type='hidden' id='answerType426008' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426008[]' id='answer-id-1649310' class='answer   answerof-426008 ' value='1649310'   \/><label for='answer-id-1649310' id='answer-label-1649310' class=' answer'><span>requires environmental impact statements to be filed with the New Jersey Department of Environmental Protection before title to developed real estate can be transferred<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426008[]' id='answer-id-1649311' class='answer   answerof-426008 ' value='1649311'   \/><label for='answer-id-1649311' id='answer-label-1649311' class=' answer'><span>restricts development of real estate in certain designated areas<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426008[]' id='answer-id-1649312' class='answer   answerof-426008 ' value='1649312'   \/><label for='answer-id-1649312' id='answer-label-1649312' class=' answer'><span>empowers the New Jersey Department of Environmental Protection to acquire title to certain real estate for less than its fair market value through condemnation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426008[]' id='answer-id-1649313' class='answer   answerof-426008 ' value='1649313'   \/><label for='answer-id-1649313' id='answer-label-1649313' class=' answer'><span>requires the registration of residential development projects with the New Jersey Department of \r\nCommunity Affairs<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-426009'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:<\/div><input type='hidden' name='question_id[]' id='qID_15' value='426009' \/><input type='hidden' id='answerType426009' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426009[]' id='answer-id-1649314' class='answer   answerof-426009 ' value='1649314'   \/><label for='answer-id-1649314' id='answer-label-1649314' class=' answer'><span>puffing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426009[]' id='answer-id-1649315' class='answer   answerof-426009 ' value='1649315'   \/><label for='answer-id-1649315' id='answer-label-1649315' class=' answer'><span>blockbusting<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426009[]' id='answer-id-1649316' class='answer   answerof-426009 ' value='1649316'   \/><label for='answer-id-1649316' id='answer-label-1649316' class=' answer'><span>redlining<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426009[]' id='answer-id-1649317' class='answer   answerof-426009 ' value='1649317'   \/><label for='answer-id-1649317' id='answer-label-1649317' class=' answer'><span>steering<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-426010'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>A broker maintains a real estate agency and terminated two salespersons. <br \/>\r<br>In this situation, the broker is REQUIRED to take all the following actions with regard to these two salespersons EXCEPT:<\/div><input type='hidden' name='question_id[]' id='qID_16' value='426010' \/><input type='hidden' id='answerType426010' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426010[]' id='answer-id-1649318' class='answer   answerof-426010 ' value='1649318'   \/><label for='answer-id-1649318' id='answer-label-1649318' class=' answer'><span>provide each with a written accounting of all monies due each salesperson.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426010[]' id='answer-id-1649319' class='answer   answerof-426010 ' value='1649319'   \/><label for='answer-id-1649319' id='answer-label-1649319' class=' answer'><span>permit them to remove original sales or listing contracts from the broker\u2019s office.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426010[]' id='answer-id-1649320' class='answer   answerof-426010 ' value='1649320'   \/><label for='answer-id-1649320' id='answer-label-1649320' class=' answer'><span>pay any undisputed compensation due within ten days of the broker's receipt of such funds.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426010[]' id='answer-id-1649321' class='answer   answerof-426010 ' value='1649321'   \/><label for='answer-id-1649321' id='answer-label-1649321' class=' answer'><span>abide by the post-termination compensation clause contained in their employment agreements or provide a written explanation for not doing so.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-426011'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>New Jersey Real Estate Commission regulations require a licensee to terminate membership in a real estate board or multiple listing service whenever the organization:<\/div><input type='hidden' name='question_id[]' id='qID_17' value='426011' \/><input type='hidden' id='answerType426011' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426011[]' id='answer-id-1649322' class='answer   answerof-426011 ' value='1649322'   \/><label for='answer-id-1649322' id='answer-label-1649322' class=' answer'><span>suggests uniform commission rates among all member brokers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426011[]' id='answer-id-1649323' class='answer   answerof-426011 ' value='1649323'   \/><label for='answer-id-1649323' id='answer-label-1649323' class=' answer'><span>lobbies against legislation that the licensee personally favors<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426011[]' id='answer-id-1649324' class='answer   answerof-426011 ' value='1649324'   \/><label for='answer-id-1649324' id='answer-label-1649324' class=' answer'><span>charges dues that the licensee feels are excessive<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426011[]' id='answer-id-1649325' class='answer   answerof-426011 ' value='1649325'   \/><label for='answer-id-1649325' id='answer-label-1649325' class=' answer'><span>advocates rules, practices, and\/or standards with which the licensee does not agree<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-426012'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>A salesperson is selling a leased commercial property. <br \/>\r<br>What will happen to the lease after the sale is consummated?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='426012' \/><input type='hidden' id='answerType426012' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426012[]' id='answer-id-1649326' class='answer   answerof-426012 ' value='1649326'   \/><label for='answer-id-1649326' id='answer-label-1649326' class=' answer'><span>The lease is assigned to the new owner.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426012[]' id='answer-id-1649327' class='answer   answerof-426012 ' value='1649327'   \/><label for='answer-id-1649327' id='answer-label-1649327' class=' answer'><span>The lease expires and the tenant must move.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426012[]' id='answer-id-1649328' class='answer   answerof-426012 ' value='1649328'   \/><label for='answer-id-1649328' id='answer-label-1649328' class=' answer'><span>The tenant and the new owner must negotiate a new lease.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426012[]' id='answer-id-1649329' class='answer   answerof-426012 ' value='1649329'   \/><label for='answer-id-1649329' id='answer-label-1649329' class=' answer'><span>The new owner has the option of canceling the lease or accepting the lease.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-426013'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. <br \/>\r<br>The broker has what type of agency relationship with the parties?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='426013' \/><input type='hidden' id='answerType426013' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426013[]' id='answer-id-1649330' class='answer   answerof-426013 ' value='1649330'   \/><label for='answer-id-1649330' id='answer-label-1649330' class=' answer'><span>seller agency, no agency relationship with buyer<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426013[]' id='answer-id-1649331' class='answer   answerof-426013 ' value='1649331'   \/><label for='answer-id-1649331' id='answer-label-1649331' class=' answer'><span>no agency relationship; in this situation the broker becomes a facilitator only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426013[]' id='answer-id-1649332' class='answer   answerof-426013 ' value='1649332'   \/><label for='answer-id-1649332' id='answer-label-1649332' class=' answer'><span>seller agency, buyer sub-agency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426013[]' id='answer-id-1649333' class='answer   answerof-426013 ' value='1649333'   \/><label for='answer-id-1649333' id='answer-label-1649333' class=' answer'><span>dual agency<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-426014'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:<\/div><input type='hidden' name='question_id[]' id='qID_20' value='426014' \/><input type='hidden' id='answerType426014' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426014[]' id='answer-id-1649334' class='answer   answerof-426014 ' value='1649334'   \/><label for='answer-id-1649334' id='answer-label-1649334' class=' answer'><span>deduct the amount collected from the commission or settlement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426014[]' id='answer-id-1649335' class='answer   answerof-426014 ' value='1649335'   \/><label for='answer-id-1649335' id='answer-label-1649335' class=' answer'><span>give the principal receipts for all expenditures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426014[]' id='answer-id-1649336' class='answer   answerof-426014 ' value='1649336'   \/><label for='answer-id-1649336' id='answer-label-1649336' class=' answer'><span>furnish within ninety days of its collection an accounting of how the money was used<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426014[]' id='answer-id-1649337' class='answer   answerof-426014 ' value='1649337'   \/><label for='answer-id-1649337' id='answer-label-1649337' class=' answer'><span>retain the difference between the amount of money collected and the amount spent<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-426015'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>An applicant for a real estate salesperson's license must apply for the issuance of the license within:<\/div><input type='hidden' name='question_id[]' id='qID_21' value='426015' \/><input type='hidden' id='answerType426015' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426015[]' id='answer-id-1649338' class='answer   answerof-426015 ' value='1649338'   \/><label for='answer-id-1649338' id='answer-label-1649338' class=' answer'><span>30 days after accepting an offer of employment from a licensed real estate broker<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426015[]' id='answer-id-1649339' class='answer   answerof-426015 ' value='1649339'   \/><label for='answer-id-1649339' id='answer-label-1649339' class=' answer'><span>one year from the date of beginning the prelicensure education course<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426015[]' id='answer-id-1649340' class='answer   answerof-426015 ' value='1649340'   \/><label for='answer-id-1649340' id='answer-label-1649340' class=' answer'><span>one year from the date of completion of the prelicensure education course<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426015[]' id='answer-id-1649341' class='answer   answerof-426015 ' value='1649341'   \/><label for='answer-id-1649341' id='answer-label-1649341' class=' answer'><span>one year from the date of passing the state licensing examination<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-426016'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>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. <br \/>\r<br>How much will the seller owe at closing for transfer fees?<\/div><input type='hidden' name='question_id[]' id='qID_22' value='426016' \/><input type='hidden' id='answerType426016' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426016[]' id='answer-id-1649342' class='answer   answerof-426016 ' value='1649342'   \/><label for='answer-id-1649342' id='answer-label-1649342' class=' answer'><span>$0<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426016[]' id='answer-id-1649343' class='answer   answerof-426016 ' value='1649343'   \/><label for='answer-id-1649343' id='answer-label-1649343' class=' answer'><span>$3,200<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426016[]' id='answer-id-1649344' class='answer   answerof-426016 ' value='1649344'   \/><label for='answer-id-1649344' id='answer-label-1649344' class=' answer'><span>$4,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426016[]' id='answer-id-1649345' class='answer   answerof-426016 ' value='1649345'   \/><label for='answer-id-1649345' id='answer-label-1649345' class=' answer'><span>$4,020<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-426017'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>A married couple is planning to purchase a house that costs $86,000. <br \/>\r<br>If they obtain a 60% loan and the lender charges a 2.5% loan origination fee and 0.5 discount points, what is the cost of these expenses?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='426017' \/><input type='hidden' id='answerType426017' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426017[]' id='answer-id-1649346' class='answer   answerof-426017 ' value='1649346'   \/><label for='answer-id-1649346' id='answer-label-1649346' class=' answer'><span>$1,290<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426017[]' id='answer-id-1649347' class='answer   answerof-426017 ' value='1649347'   \/><label for='answer-id-1649347' id='answer-label-1649347' class=' answer'><span>$1,548<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426017[]' id='answer-id-1649348' class='answer   answerof-426017 ' value='1649348'   \/><label for='answer-id-1649348' id='answer-label-1649348' class=' answer'><span>$2,150<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426017[]' id='answer-id-1649349' class='answer   answerof-426017 ' value='1649349'   \/><label for='answer-id-1649349' id='answer-label-1649349' class=' answer'><span>$2,580<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-426018'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>A property that contains a 2,500-square-foot house has a land value of $45,000. The house suffers from $7,000 of physical depreciation and $2,500 of functional obsolescence. <br \/>\r<br>If the replacement cost of the house is $75 per square foot, what is the value of the property?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='426018' \/><input type='hidden' id='answerType426018' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426018[]' id='answer-id-1649350' class='answer   answerof-426018 ' value='1649350'   \/><label for='answer-id-1649350' id='answer-label-1649350' class=' answer'><span>$178,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426018[]' id='answer-id-1649351' class='answer   answerof-426018 ' value='1649351'   \/><label for='answer-id-1649351' id='answer-label-1649351' class=' answer'><span>$187,500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426018[]' id='answer-id-1649352' class='answer   answerof-426018 ' value='1649352'   \/><label for='answer-id-1649352' id='answer-label-1649352' class=' answer'><span>$223,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426018[]' id='answer-id-1649353' class='answer   answerof-426018 ' value='1649353'   \/><label for='answer-id-1649353' id='answer-label-1649353' class=' answer'><span>$232,500<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-426019'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>A real estate broker\u2019s maintained place of business MUST conspicuously display on the exterior the broker\u2019s name and the word(s):<\/div><input type='hidden' name='question_id[]' id='qID_25' value='426019' \/><input type='hidden' id='answerType426019' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426019[]' id='answer-id-1649354' class='answer   answerof-426019 ' value='1649354'   \/><label for='answer-id-1649354' id='answer-label-1649354' class=' answer'><span>Realtor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426019[]' id='answer-id-1649355' class='answer   answerof-426019 ' value='1649355'   \/><label for='answer-id-1649355' id='answer-label-1649355' class=' answer'><span>Real Estate Broker<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426019[]' id='answer-id-1649356' class='answer   answerof-426019 ' value='1649356'   \/><label for='answer-id-1649356' id='answer-label-1649356' class=' answer'><span>Licensed Real Estate Broker<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426019[]' id='answer-id-1649357' class='answer   answerof-426019 ' value='1649357'   \/><label for='answer-id-1649357' id='answer-label-1649357' class=' answer'><span>Licensed Realtor<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-426020'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>When MUST a listing broker provide a copy of a fully executed written listing agreement to the owner?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='426020' \/><input type='hidden' id='answerType426020' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426020[]' id='answer-id-1649358' class='answer   answerof-426020 ' value='1649358'   \/><label for='answer-id-1649358' id='answer-label-1649358' class=' answer'><span>Upon execution of the listing agreement by all parties<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426020[]' id='answer-id-1649359' class='answer   answerof-426020 ' value='1649359'   \/><label for='answer-id-1649359' id='answer-label-1649359' class=' answer'><span>Within three days of execution of the listing agreement by registered mail, return-receipt-requested<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426020[]' id='answer-id-1649360' class='answer   answerof-426020 ' value='1649360'   \/><label for='answer-id-1649360' id='answer-label-1649360' class=' answer'><span>Within five business days of execution of the listing agreement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426020[]' id='answer-id-1649361' class='answer   answerof-426020 ' value='1649361'   \/><label for='answer-id-1649361' id='answer-label-1649361' class=' answer'><span>At the time of presentation of a written offer<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-426021'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Written offers to purchase real estate in New Jersey must be presented to sellers within:<\/div><input type='hidden' name='question_id[]' id='qID_27' value='426021' \/><input type='hidden' id='answerType426021' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426021[]' id='answer-id-1649362' class='answer   answerof-426021 ' value='1649362'   \/><label for='answer-id-1649362' id='answer-label-1649362' class=' answer'><span>24 hours<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426021[]' id='answer-id-1649363' class='answer   answerof-426021 ' value='1649363'   \/><label for='answer-id-1649363' id='answer-label-1649363' class=' answer'><span>48 hours<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426021[]' id='answer-id-1649364' class='answer   answerof-426021 ' value='1649364'   \/><label for='answer-id-1649364' id='answer-label-1649364' class=' answer'><span>3 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426021[]' id='answer-id-1649365' class='answer   answerof-426021 ' value='1649365'   \/><label for='answer-id-1649365' id='answer-label-1649365' class=' answer'><span>5 days<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-426022'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>The primary intent of the statute of frauds is to:<\/div><input type='hidden' name='question_id[]' id='qID_28' value='426022' \/><input type='hidden' id='answerType426022' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426022[]' id='answer-id-1649366' class='answer   answerof-426022 ' value='1649366'   \/><label for='answer-id-1649366' id='answer-label-1649366' class=' answer'><span>reduce real estate contracts to writing.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426022[]' id='answer-id-1649367' class='answer   answerof-426022 ' value='1649367'   \/><label for='answer-id-1649367' id='answer-label-1649367' class=' answer'><span>protect licensees from fraudulent activity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426022[]' id='answer-id-1649368' class='answer   answerof-426022 ' value='1649368'   \/><label for='answer-id-1649368' id='answer-label-1649368' class=' answer'><span>enforce oral agreements beyond 1 year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426022[]' id='answer-id-1649369' class='answer   answerof-426022 ' value='1649369'   \/><label for='answer-id-1649369' id='answer-label-1649369' class=' answer'><span>protect the rights of buyers who are disabled.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-426023'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>1.A salesperson working with buyers secures an offer on a property. The offer calls for an initial deposit of $1,000 to be held in escrow. The salesperson instructs the buyer to issue a personal check in that amount payable to the salesperson. This action is<\/div><input type='hidden' name='question_id[]' id='qID_29' value='426023' \/><input type='hidden' id='answerType426023' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426023[]' id='answer-id-1649370' class='answer   answerof-426023 ' value='1649370'   \/><label for='answer-id-1649370' id='answer-label-1649370' class=' answer'><span>prohibited, because the salesperson accepted a personal check.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426023[]' id='answer-id-1649371' class='answer   answerof-426023 ' value='1649371'   \/><label for='answer-id-1649371' id='answer-label-1649371' class=' answer'><span>permissible, because the salesperson is acting as agent for the broker.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426023[]' id='answer-id-1649372' class='answer   answerof-426023 ' value='1649372'   \/><label for='answer-id-1649372' id='answer-label-1649372' class=' answer'><span>prohibited, because checks for deposits to be held in escrow may only be payable to the broker\u2019s escrow account.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426023[]' id='answer-id-1649373' class='answer   answerof-426023 ' value='1649373'   \/><label for='answer-id-1649373' id='answer-label-1649373' class=' answer'><span>permissible if the salesperson immediately writes a check for the deposit amount payable to their broker's escrow account.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-426024'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>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. <br \/>\r<br>According to the New Jersey Real Estate License Law, such a promotion is prohibited because it:<\/div><input type='hidden' name='question_id[]' id='qID_30' value='426024' \/><input type='hidden' id='answerType426024' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426024[]' id='answer-id-1649374' class='answer   answerof-426024 ' value='1649374'   \/><label for='answer-id-1649374' id='answer-label-1649374' class=' answer'><span>discriminates against sellers who do not list with the broker during the specified time period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426024[]' id='answer-id-1649375' class='answer   answerof-426024 ' value='1649375'   \/><label for='answer-id-1649375' id='answer-label-1649375' class=' answer'><span>makes the receipt of the free offering contingent upon sellers listing their properties with the broker<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426024[]' id='answer-id-1649376' class='answer   answerof-426024 ' value='1649376'   \/><label for='answer-id-1649376' id='answer-label-1649376' class=' answer'><span>offers compensation for brokerage activity to unlicensed persons<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426024[]' id='answer-id-1649377' class='answer   answerof-426024 ' value='1649377'   \/><label for='answer-id-1649377' id='answer-label-1649377' class=' answer'><span>discriminates against sellers whose religion prohibits the wearing of jewelry<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-426025'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='426025' \/><input type='hidden' id='answerType426025' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426025[]' id='answer-id-1649378' class='answer   answerof-426025 ' value='1649378'   \/><label for='answer-id-1649378' id='answer-label-1649378' class=' answer'><span>failing to provide a client with a copy of the signed exclusive listing contract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426025[]' id='answer-id-1649379' class='answer   answerof-426025 ' value='1649379'   \/><label for='answer-id-1649379' id='answer-label-1649379' class=' answer'><span>delivering a consumer information statement to a seller after having made a listing presentation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426025[]' id='answer-id-1649380' class='answer   answerof-426025 ' value='1649380'   \/><label for='answer-id-1649380' id='answer-label-1649380' class=' answer'><span>payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426025[]' id='answer-id-1649381' class='answer   answerof-426025 ' value='1649381'   \/><label for='answer-id-1649381' id='answer-label-1649381' class=' answer'><span>collecting a commission as a broker from both parties to a transaction while representing both parties as their agent<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-426026'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>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. <br \/>\r<br>How much did the listing licensee receive?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='426026' \/><input type='hidden' id='answerType426026' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426026[]' id='answer-id-1649382' class='answer   answerof-426026 ' value='1649382'   \/><label for='answer-id-1649382' id='answer-label-1649382' class=' answer'><span>$1,894.75<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426026[]' id='answer-id-1649383' class='answer   answerof-426026 ' value='1649383'   \/><label for='answer-id-1649383' id='answer-label-1649383' class=' answer'><span>$1,966.25<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426026[]' id='answer-id-1649384' class='answer   answerof-426026 ' value='1649384'   \/><label for='answer-id-1649384' id='answer-label-1649384' class=' answer'><span>$3,575.00<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426026[]' id='answer-id-1649385' class='answer   answerof-426026 ' value='1649385'   \/><label for='answer-id-1649385' id='answer-label-1649385' class=' answer'><span>$3,789.50<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-426027'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>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?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='426027' \/><input type='hidden' id='answerType426027' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426027[]' id='answer-id-1649386' class='answer   answerof-426027 ' value='1649386'   \/><label for='answer-id-1649386' id='answer-label-1649386' class=' answer'><span>assumable loan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426027[]' id='answer-id-1649387' class='answer   answerof-426027 ' value='1649387'   \/><label for='answer-id-1649387' id='answer-label-1649387' class=' answer'><span>owner willing to finance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426027[]' id='answer-id-1649388' class='answer   answerof-426027 ' value='1649388'   \/><label for='answer-id-1649388' id='answer-label-1649388' class=' answer'><span>FHA and VA financing available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426027[]' id='answer-id-1649389' class='answer   answerof-426027 ' value='1649389'   \/><label for='answer-id-1649389' id='answer-label-1649389' class=' answer'><span>buy for less than $650 per month<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-426028'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>A buyer\u2019s agent is NOT permitted to tell a buyer that:<\/div><input type='hidden' name='question_id[]' id='qID_34' value='426028' \/><input type='hidden' id='answerType426028' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426028[]' id='answer-id-1649390' class='answer   answerof-426028 ' value='1649390'   \/><label for='answer-id-1649390' id='answer-label-1649390' class=' answer'><span>the seller is willing to accept less than the listing price because of financial circumstances<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426028[]' id='answer-id-1649391' class='answer   answerof-426028 ' value='1649391'   \/><label for='answer-id-1649391' id='answer-label-1649391' class=' answer'><span>a former occupant of a property had AIDS<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426028[]' id='answer-id-1649392' class='answer   answerof-426028 ' value='1649392'   \/><label for='answer-id-1649392' id='answer-label-1649392' class=' answer'><span>the roof leaked recently but was patched by the owner<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426028[]' id='answer-id-1649393' class='answer   answerof-426028 ' value='1649393'   \/><label for='answer-id-1649393' id='answer-label-1649393' class=' answer'><span>the property was the scene of a serious crime<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-426029'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee\u2019s webpage must display the name of the broker as well as the<\/div><input type='hidden' name='question_id[]' id='qID_35' value='426029' \/><input type='hidden' id='answerType426029' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426029[]' id='answer-id-1649394' class='answer   answerof-426029 ' value='1649394'   \/><label for='answer-id-1649394' id='answer-label-1649394' class=' answer'><span>broker's email address.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426029[]' id='answer-id-1649395' class='answer   answerof-426029 ' value='1649395'   \/><label for='answer-id-1649395' id='answer-label-1649395' class=' answer'><span>broker's telephone number.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426029[]' id='answer-id-1649396' class='answer   answerof-426029 ' value='1649396'   \/><label for='answer-id-1649396' id='answer-label-1649396' class=' answer'><span>address of the broker's main office.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426029[]' id='answer-id-1649397' class='answer   answerof-426029 ' value='1649397'   \/><label for='answer-id-1649397' id='answer-label-1649397' class=' answer'><span>address of the branch office from which the licensee operates.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-426030'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker<\/div><input type='hidden' name='question_id[]' id='qID_36' value='426030' \/><input type='hidden' id='answerType426030' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426030[]' id='answer-id-1649398' class='answer   answerof-426030 ' value='1649398'   \/><label for='answer-id-1649398' id='answer-label-1649398' class=' answer'><span>must be compensated by the seller.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426030[]' id='answer-id-1649399' class='answer   answerof-426030 ' value='1649399'   \/><label for='answer-id-1649399' id='answer-label-1649399' class=' answer'><span>is only due compensation if the buyer purchases one of the broker's listings.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426030[]' id='answer-id-1649400' class='answer   answerof-426030 ' value='1649400'   \/><label for='answer-id-1649400' id='answer-label-1649400' class=' answer'><span>is entitled to compensation even if the buyer purchases a property that they locate.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426030[]' id='answer-id-1649401' class='answer   answerof-426030 ' value='1649401'   \/><label for='answer-id-1649401' id='answer-label-1649401' class=' answer'><span>may not show a property to other buyers until the buyer decides if they want to make an offer.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-426031'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>A landlord may require that a disabled tenant<\/div><input type='hidden' name='question_id[]' id='qID_37' value='426031' \/><input type='hidden' id='answerType426031' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426031[]' id='answer-id-1649402' class='answer   answerof-426031 ' value='1649402'   \/><label for='answer-id-1649402' id='answer-label-1649402' class=' answer'><span>pay double the usual $500 security deposit.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426031[]' id='answer-id-1649403' class='answer   answerof-426031 ' value='1649403'   \/><label for='answer-id-1649403' id='answer-label-1649403' class=' answer'><span>pay an additional fee for using the swimming pool to cover the added insurance cost.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426031[]' id='answer-id-1649404' class='answer   answerof-426031 ' value='1649404'   \/><label for='answer-id-1649404' id='answer-label-1649404' class=' answer'><span>remove the wheelchair ramp from the apartment upon vacating the unit.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426031[]' id='answer-id-1649405' class='answer   answerof-426031 ' value='1649405'   \/><label for='answer-id-1649405' id='answer-label-1649405' class=' answer'><span>not install grab bars in the tile shower if drilling holes in the tile is required.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-426032'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>The best way to research the previous owners of the property would be to research the:<\/div><input type='hidden' name='question_id[]' id='qID_38' value='426032' \/><input type='hidden' id='answerType426032' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426032[]' id='answer-id-1649406' class='answer   answerof-426032 ' value='1649406'   \/><label for='answer-id-1649406' id='answer-label-1649406' class=' answer'><span>chain of title<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426032[]' id='answer-id-1649407' class='answer   answerof-426032 ' value='1649407'   \/><label for='answer-id-1649407' id='answer-label-1649407' class=' answer'><span>lien records<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426032[]' id='answer-id-1649408' class='answer   answerof-426032 ' value='1649408'   \/><label for='answer-id-1649408' id='answer-label-1649408' class=' answer'><span>abstract<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426032[]' id='answer-id-1649409' class='answer   answerof-426032 ' value='1649409'   \/><label for='answer-id-1649409' id='answer-label-1649409' class=' answer'><span>grantor<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-426033'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer<\/div><input type='hidden' name='question_id[]' id='qID_39' value='426033' \/><input type='hidden' id='answerType426033' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426033[]' id='answer-id-1649410' class='answer   answerof-426033 ' value='1649410'   \/><label for='answer-id-1649410' id='answer-label-1649410' class=' answer'><span>if the licensee is the broker.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426033[]' id='answer-id-1649411' class='answer   answerof-426033 ' value='1649411'   \/><label for='answer-id-1649411' id='answer-label-1649411' class=' answer'><span>if notated on the contract of sale.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426033[]' id='answer-id-1649412' class='answer   answerof-426033 ' value='1649412'   \/><label for='answer-id-1649412' id='answer-label-1649412' class=' answer'><span>provided it does not exceed 50% of the total commission.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426033[]' id='answer-id-1649413' class='answer   answerof-426033 ' value='1649413'   \/><label for='answer-id-1649413' id='answer-label-1649413' class=' answer'><span>if a writing confirming the terms of the rebate is provided to the buyer at closing.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-426034'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>A licensee must provide disclosure of licensed status when acting as a principal if<\/div><input type='hidden' name='question_id[]' id='qID_40' value='426034' \/><input type='hidden' id='answerType426034' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426034[]' id='answer-id-1649414' class='answer   answerof-426034 ' value='1649414'   \/><label for='answer-id-1649414' id='answer-label-1649414' class=' answer'><span>the agent of the other party asks about this specifically.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426034[]' id='answer-id-1649415' class='answer   answerof-426034 ' value='1649415'   \/><label for='answer-id-1649415' id='answer-label-1649415' class=' answer'><span>the licensee does not have errors and omission insurance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426034[]' id='answer-id-1649416' class='answer   answerof-426034 ' value='1649416'   \/><label for='answer-id-1649416' id='answer-label-1649416' class=' answer'><span>the licensee has any economic interest in the property.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426034[]' id='answer-id-1649417' class='answer   answerof-426034 ' value='1649417'   \/><label for='answer-id-1649417' id='answer-label-1649417' class=' answer'><span>any relative of the licensee has ever lived in the residence.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-41' style=';'><div id='questionWrap-41'  class='   watupro-question-id-426035'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>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?<\/div><input type='hidden' name='question_id[]' id='qID_41' value='426035' \/><input type='hidden' id='answerType426035' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426035[]' id='answer-id-1649418' class='answer   answerof-426035 ' value='1649418'   \/><label for='answer-id-1649418' id='answer-label-1649418' class=' answer'><span>easement appurtenant because it cannot run with the land<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426035[]' id='answer-id-1649419' class='answer   answerof-426035 ' value='1649419'   \/><label for='answer-id-1649419' id='answer-label-1649419' class=' answer'><span>easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426035[]' id='answer-id-1649420' class='answer   answerof-426035 ' value='1649420'   \/><label for='answer-id-1649420' id='answer-label-1649420' class=' answer'><span>easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426035[]' id='answer-id-1649421' class='answer   answerof-426035 ' value='1649421'   \/><label for='answer-id-1649421' id='answer-label-1649421' class=' answer'><span>easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-42' style=';'><div id='questionWrap-42'  class='   watupro-question-id-426036'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. <br \/>\r<br>Is the club in violation of the federal Fair Housing Act, and if so, how?<\/div><input type='hidden' name='question_id[]' id='qID_42' value='426036' \/><input type='hidden' id='answerType426036' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426036[]' id='answer-id-1649422' class='answer   answerof-426036 ' value='1649422'   \/><label for='answer-id-1649422' id='answer-label-1649422' class=' answer'><span>Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426036[]' id='answer-id-1649423' class='answer   answerof-426036 ' value='1649423'   \/><label for='answer-id-1649423' id='answer-label-1649423' class=' answer'><span>Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426036[]' id='answer-id-1649424' class='answer   answerof-426036 ' value='1649424'   \/><label for='answer-id-1649424' id='answer-label-1649424' class=' answer'><span>No, because as an integrated club, they could discriminate on the basis of race in renting facilities.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426036[]' id='answer-id-1649425' class='answer   answerof-426036 ' value='1649425'   \/><label for='answer-id-1649425' id='answer-label-1649425' class=' answer'><span>No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-426037'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>Which of the following is a radioactive odorless gas which may require mitigation?<\/div><input type='hidden' name='question_id[]' id='qID_43' value='426037' \/><input type='hidden' id='answerType426037' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426037[]' id='answer-id-1649426' class='answer   answerof-426037 ' value='1649426'   \/><label for='answer-id-1649426' id='answer-label-1649426' class=' answer'><span>radon<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426037[]' id='answer-id-1649427' class='answer   answerof-426037 ' value='1649427'   \/><label for='answer-id-1649427' id='answer-label-1649427' class=' answer'><span>asbestos<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426037[]' id='answer-id-1649428' class='answer   answerof-426037 ' value='1649428'   \/><label for='answer-id-1649428' id='answer-label-1649428' class=' answer'><span>formaldehyde<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426037[]' id='answer-id-1649429' class='answer   answerof-426037 ' value='1649429'   \/><label for='answer-id-1649429' id='answer-label-1649429' class=' answer'><span>carbon monoxide<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-44' style=';'><div id='questionWrap-44'  class='   watupro-question-id-426038'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>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. <br \/>\r<br>Did the licensee act properly?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='426038' \/><input type='hidden' id='answerType426038' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426038[]' id='answer-id-1649430' class='answer   answerof-426038 ' value='1649430'   \/><label for='answer-id-1649430' id='answer-label-1649430' class=' answer'><span>Yes, to ensure acceptance of an offer, the licensee needed to disclose the lowest price the seller would accept.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426038[]' id='answer-id-1649431' class='answer   answerof-426038 ' value='1649431'   \/><label for='answer-id-1649431' id='answer-label-1649431' class=' answer'><span>Yes, because the licensee persuaded the buyer to raise the price $2,500.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426038[]' id='answer-id-1649432' class='answer   answerof-426038 ' value='1649432'   \/><label for='answer-id-1649432' id='answer-label-1649432' class=' answer'><span>No, the licensee should have accepted the first offer and persuaded the seller to accept it.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426038[]' id='answer-id-1649433' class='answer   answerof-426038 ' value='1649433'   \/><label for='answer-id-1649433' id='answer-label-1649433' class=' answer'><span>No, the licensee should not have disclosed that the seller would accept less than the listing price.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-45' style=';'><div id='questionWrap-45'  class='   watupro-question-id-426039'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two-car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck. <br \/>\r<br>The ranch house is most likely to sell for around:<\/div><input type='hidden' name='question_id[]' id='qID_45' value='426039' \/><input type='hidden' id='answerType426039' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426039[]' id='answer-id-1649434' class='answer   answerof-426039 ' value='1649434'   \/><label for='answer-id-1649434' id='answer-label-1649434' class=' answer'><span>$123,500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426039[]' id='answer-id-1649435' class='answer   answerof-426039 ' value='1649435'   \/><label for='answer-id-1649435' id='answer-label-1649435' class=' answer'><span>$128,500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426039[]' id='answer-id-1649436' class='answer   answerof-426039 ' value='1649436'   \/><label for='answer-id-1649436' id='answer-label-1649436' class=' answer'><span>$147,500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-426039[]' id='answer-id-1649437' class='answer   answerof-426039 ' value='1649437'   \/><label for='answer-id-1649437' id='answer-label-1649437' class=' answer'><span>$148,500<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-46'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons10790\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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   \t \n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>When planning to access the New Jersey Real Estate Salesperson License, you must be at least 18 years old and have a high school education or equivalent. And also, you must pass the New Jersey Real Estate Salesperson exam successfully. With New Jersey Real Estate Salesperson exam dumps (V8.02) from DumpsBase, you can achieve success [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19814,19809],"tags":[19816,19815],"class_list":["post-110255","post","type-post","status-publish","format-standard","hentry","category-new-jersey-real-estate","category-pennsylvania-real-estate-commission","tag-new-jersey-real-estate-salesperson-dumps","tag-new-jersey-real-estate-salesperson-license"],"_links":{"self":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/110255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/comments?post=110255"}],"version-history":[{"count":1,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/110255\/revisions"}],"predecessor-version":[{"id":110256,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/110255\/revisions\/110256"}],"wp:attachment":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/media?parent=110255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/categories?post=110255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/tags?post=110255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}