Free New Jersey RE Broker Exam Prep

General contract law, purchase and lease contracts, contingencies, addenda, remedies, and handling multiple offers and counteroffers

Creating agency, listing and buyer-brokerage contracts, transaction brokers, powers of attorney, fiduciary duties, and agency disclosures

Federal fair housing and ADA, antitrust, Do-Not-Call, social media advertising, handling funds of others, and broker-only supervisory responsibilities

Real vs. personal property, land characteristics and legal descriptions, encumbrances, and forms of ownership

Loan terminology, underwriting, loan types including FHA/VA/USDA and reverse, RESPA, Regulation Z, TRID, and ECOA

Appraisals and unauthorized appraisal practice, the three approaches to value, CMA, BPO, and automated valuation models

Seller property condition disclosure, conditions warranting inspection, environmental and governmental disclosures, and material defects

Types of deeds, title insurance and searches, marketable and insurable title, the closing process, home warranties, and foreclosure, short sale, and probate transfers

Seller net proceeds, buyer funds at closing, prorations, transfer fees, PITI, equity, cap rate, LTV, and discount points

Government rights in land, taxation and eminent domain, public land use controls, and private controls including CC&Rs

Tenant procurement and qualification, fair housing in management, rent-setting analysis, and broker-only duties for maintenance, trust funds, and management contracts

Advertising, broker/salesperson relationships, commissions and required accounting, agency and conflict disclosure, contracts, trust fund requirements, listings, place of business, escrow bookkeeping, inducements, buyer rebates, and other laws including the Realty Transfer Fee, Mount Laurel, the Municipal Land Use Law, the Truth in Renting Act, the Pinelands Protection Act, the Freshwater Wetlands Protection Act, and the Farmland Assessment Act

Activities requiring a license and the types of New Jersey real estate licenses

Maintenance of records and sanctions including fines, license suspension, and revocation

New Jersey Real Estate Sales Full Disclosure Act, the New Jersey Law Against Discrimination, the Real Estate Guaranty Fund, and the New Jersey Real Estate Timeshare Act