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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase that is 20% less than the list price. Which of the following is appropriate?

A) The seller is under no obligation to accept the offer or make a counteroffer.
B) The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.
C) The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
D) The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.

2. As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:

A) filed plat map identifying the location of the property being bought or leased
B) New Jersey Public Offering Statement approved by the Commission
C) Statement of Record filed by the developer with the Commission
D) deed or other instrument establishing title in the name of the developer

3. In advertisements of individual salespersons, which of the following is permitted?

A) Placing the real estate office sign on a personal residence.
B) Linking a personal real estate webpage to the salesperson's broker's website.
C) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.
D) Including reference to a home office.

4. A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties?

A) Single family residential vacant lot
B) Subdivision of fifteen or more lots
C) Six-family dwelling unit, a portion of which is used for non-residential purposes
D) Commercial building that does not exceed 10,000 square feet

5. A small broker committee in the local county has set up a new marketing idea. They will give every seller the same commission rate and it will not be negotiable. This will allow the consumers to know exactly what it will cost to list a property. This marketing plan is an example of:

A) consumer protection
B) apostille
C) price-fixing
D) market allocation

Solutions: