Free Real Estate New-Jersey-Real-Estate-Salesperson Exam Dumps Questions & Answers

Last year, an apartment building had a net operating income of $174,000. If a potential buyer is looking for a capitalization rate of 8%, how much should the buyer be willing to pay for the building?

• A.  $2,175,000
• B.  $174,000
• C.  $1,392,000
• D.  $139,200

In advertisements of individual salespersons, which of the following is permitted?

• A.  Including reference to a home office.
• B.  Linking a personal real estate webpage to the salesperson's broker's website.
• C.  Placing the real estate office sign on a personal residence.
• D.  Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.

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

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

Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

• A.  can be taken to the new firm so there is no interruption of service to the client.
• B.  cannot be taken because it belongs to Broker A.
• C.  should be turned into the MLS.
• D.  should be given to the seller.

Which of the following is least likely to be considered in establishing the value of a property by the sales comparison approach?

• A.  the date of sale
• B.  the capitalization rate
• C.  the square footage of the building
• D.  the size of the lot