Real Estate Licensing New Jersey Real Estate Salesperson Exam - Topic 4 Question 4 Discussion

Actual exam question for Real Estate Licensing's New Jersey Real Estate Salesperson exam

Question #: 4
Topic #: 4

[All New Jersey Real Estate Salesperson Questions]

After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?

Achange

Bcontribution

Canticipation

Dhighest and best use

Show Suggested Answer

Suggested Answer: C

Principle of anticipation: Value is created by the expectation of future benefits (e.g., new park development).

Change: value is constantly influenced by natural and economic changes.

Contribution: value of an improvement is measured by its contribution to the property's value.

Highest and best use: most profitable legal use of the land.

Here, the increase is due to anticipated future benefits C.

by Rebbecca at Oct 04, 2025, 11:28 AM

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Britt

4 months ago

Change is important, but anticipation feels more accurate here.

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Louvenia

4 months ago

I’m leaning towards A) change. The market shifts with new developments.

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Jesusita

4 months ago

I feel like C) anticipation is the best choice too!

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Rasheeda

5 months ago

True, but anticipation captures the excitement of future changes.

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Marya

5 months ago

But what about B) contribution? The park adds value directly.

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Margarita

5 months ago

Yeah, I agree! People expect the park to increase value.

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Cathrine

5 months ago

I think it's C) anticipation.

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Tyisha

5 months ago

Are we sure it's just anticipation? Sounds too simple!

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Howard

6 months ago

Seems like a classic case of highest and best use to me.

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Nettie

6 months ago

Wow, I didn't know parks could boost home values like that!

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Vivan

6 months ago

I think it's more about contribution, honestly.

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Angella

6 months ago

I’m confused about whether it’s anticipation or change. Both seem relevant, but I think anticipation fits better in this case.

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Vannessa

6 months ago

This seems similar to a practice question we did on how future developments can affect current property values. I lean towards option C.

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Avery

6 months ago

I'm not entirely sure, but I remember something about contribution being linked to improvements in the area.

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Michal

7 months ago

C) anticipation, no doubt. The market is always ahead of the curve, even when it comes to city planning.

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Owen

7 months ago

I think this might relate to the anticipation principle since people expect the park to increase their property values.

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Felix

7 months ago

That's definitely anticipation at work!

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Erasmo

7 months ago

Definitely C) anticipation. It’s all about future benefits.

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Blair

8 months ago

Haha, I bet the real estate agents are loving this "anticipation" principle! Time to cash in on that new park.

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Sharen

8 months ago

C) anticipation seems like the correct answer here. The homes are increasing in value based on the anticipated development.

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Jina

8 months ago

Definitely C) anticipation. The market is reacting to the future potential of the area.

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Georgiann

8 months ago

I think the answer is C) anticipation. The rise in home values is due to the expectation of the new park development.

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Staci

9 months ago

I'm a bit confused on the difference between anticipation and highest and best use here. I'll have to review those concepts again before deciding.

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Nada

9 months ago

This seems straightforward to me. The new park announcement is clearly creating an anticipation of future benefits, so I'm going with C) anticipation.

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Bok

9 months ago

Okay, let me think this through. The question is asking about a rise in home values, so I'm leaning towards either anticipation or highest and best use. I'll have to weigh the options carefully.

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Raina

9 months ago

Hmm, I'm a bit unsure here. Is it possible it could also be about the principle of contribution, where the new park adds value to the surrounding homes?

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