PSI New Jersey Real Estate State Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the New Jersey Real Estate Exam. Ace your test with comprehensive multiple-choice questions. Each question includes detailed explanations and hints. Start studying today and boost your confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

According to the Real Estate Licensing Law, what can a real estate licensee offer to a buyer?

Increased commission
Rebate of the commission
Discounted closing costs
Referral bonuses

The correct answer is: Rebate of the commission

A real estate licensee can offer a rebate of the commission to a buyer as part of the Real Estate Licensing Law regulations in New Jersey. This practice allows the licensee to provide a portion of their commission as a financial benefit to the buyer, which can make buying a property more affordable and appealing. The legality of commission rebates contributes to transparency in real estate transactions and helps foster competitive practices among real estate professionals, ultimately benefitting consumers. Buyers might appreciate this option, as it can lower their overall costs when purchasing a property. Other options like increased commission or referral bonuses may not align with the regulatory framework regarding how commissions and fees are structured. Discounted closing costs, while advantageous for buyers, are typically negotiated separately and may not be directly tied to the licensee's commission structure as rebates are.