Course Final Exam
Questions and Complete
Solutions Graded A+
Denning [Date] [Course title]
, The real estate licensing law can be found in what chapter and title of the New Jersey Statutes
Annotated? - Answer: Title 45 Professions and Occupations Chapter 15
What is the term of office for a member of the Real Estate Commission who is NOT the government
representative? - Answer: Three years
Which is NOT. a duty with which the Real Estate Commission is tasked? - Answer: Establishing standard,
fair commission rates charged by brokers
Who appoints the members of the Real Estate Commission? - Answer: The Governor
A broker ember of the Real Estate Commission must have been a broker for at least __________ years
prior appointments - Answer: 10 years
What is the breakdown membership in the Real Estate Commission? - Answer: Five Real Estate Brokers
Two members of the public
One government representative
Who would NOT be exempt from licensing requirements under the real estate licensing law? - Answer:
Vivian, who accepts a fee from a developer for selling lots in a subdivision.
What is the experience requirement to apply for a broker license in New Jersey? - Answer: At least 40
hours per week for three years immediately preceding application
To be eligible to take the state licensing exam, an applicant for a salesperson license must complete
______ hours of pro licensing education. - Answer: 75 hours
A nonresident application for a New Jersey real estate must file a(n)_________ form with the Real
Estate Commission - Answer: Irrevocable consent to service (to be sued)
A candidate for a New Jersey broker license who is taking the state licensing exam will have completed a
total of how many hours of education? - Answer: 225 hours