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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A low loan-to-value ratio indicates a:

A) greater risk of foreclosure.
B) greater use of leverage.
C) lower equity in the property.
D) higher equity in the property.

2. An applicant for a real estate salesperson's license must apply for the issuance of the license within:

A) one year from the date of passing the state licensing examination
B) one year from the date of completion of the prelicensure education course
C) one year from the date of beginning the prelicensure education course
D) 30 days after accepting an offer of employment from a licensed real estate broker

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

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

4. A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?

A) 2 acres
B) 4 acres
C) 1 acre
D) 8 acres

5. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:

A) all offers to the seller.
B) the highest cash offer to the seller.
C) the highest offer to the seller.
D) only cash offers to the seller.

Solutions: