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The Secrets to Acing the NJ Real Estate Exam

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Image source: saigonintela.vn If you're preparing for the NJ real estate exam, you're likely wondering about the toughest questions that await you. Well, rest assured, you're not alone. Many aspiring real estate professionals have pondered...

The Toughest Questions on the NJ Real Estate Exam Image source: saigonintela.vn

If you're preparing for the NJ real estate exam, you're likely wondering about the toughest questions that await you. Well, rest assured, you're not alone. Many aspiring real estate professionals have pondered the same thing. While we can't predict the exact questions that will appear on the exam, we can certainly analyze the areas where students often stumble.

Here we go again!

As an experienced real estate instructor, I've encountered countless students who ask the same questions. It's only natural to wonder which topics will be the most challenging. While we can't pinpoint the specific questions, we can identify common areas where students struggle.

Oh Goody: Math!

Mathematics often induces anxiety in students, but fear not. In reality, only about 10% of the exam questions relate directly to math. Furthermore, some math questions are relatively simple, akin to solving problems a third-grader could handle. Moreover, math questions offer a unique advantage - you can test your answer by working backward from the provided options.

For instance, consider a question like this: "A house with 1,456 square feet sells for $64,005. What was the sale price per square foot?" The multiple-choice options are:

  1. $39.40
  2. $51.16
  3. $43.96
  4. $28.61

Even if you're unsure about the calculation, you can test each option. By substituting the values into the equation, you can eliminate incorrect answers until you find the right one. So, don't dread the math questions - embrace them!

Enough about math already!

While math questions may loom large in your mind, it's crucial to allocate your study time wisely. Prioritize subjects that contribute to a significant portion of the exam. The New Jersey Real Estate Licensing exam focuses on:

  • 12 questions on "The practice of real estate"
  • 11 questions on "Contracts"
  • 10 questions on "Agency"
  • A whopping 22 questions, or 20% of the entire exam, on "Statutes and Rules Governing Licensee Activities."

By focusing on these areas, you increase your chances of success.

The "tough" topics

Each student has unique strengths and weaknesses, making it challenging to pinpoint the universally difficult subjects on the exam. However, through years of teaching, I've noticed that several topics require extra attention:

  • Contract law
  • New Jersey landlord/tenant laws, including types of leases and tenancies
  • Calculating pro-rations at closing
  • Valuation of real property and adjustments in appraisals
  • Agency law, including fiduciary duties, agency responsibilities, and types of agency
  • Easements, liens, and encumbrances
  • Differences in types of deed, leaseholds, and ownership
  • Legal descriptions
  • Types of property financing, primary and secondary mortgage markets, and truth in lending laws.

By devoting extra time to grasp these concepts, you'll build a solid foundation for success.

Stop the Negative Self-Talk!

It's astonishing how many students denigrate their abilities. Constantly telling yourself that you're terrible at math or studying will only hinder your progress. Follow the wise advice of Zig Ziglar: "Have a check-up from the neck up." Create a study plan, stick to it, and believe in your ability to succeed. As a last-minute study guide, try our 135-question random "Potpourri Quiz." And before entering the test center, give yourself a motivational boost by reading inspiring quotes.

Remember, even if you don't pass the exam on your first attempt, you're in good company. Four out of every ten people don't make the cut on their first try. So, keep pushing forward, and don't let setbacks discourage you.

Good luck on your journey to becoming a licensed real estate professional in New Jersey!

David C. Forward is a licensed real estate broker and instructor with 30 years of experience in the industry. He is the School Director of Garden Real Estate Academy, an accomplished author, and a sought-after public speaker. Reach out to David at [email protected].

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