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

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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 licensee faxes a list of available properties to prospective buyers. Which of the following is true?

A) The licensee's company's name does not need to be listed.
B) The licensee must mail an identical list to all parties.
C) The licensee must include only a phone number to reply.
D) The fax must contain an opt-out provision for future communications.

2. If an owner wants to list a property for sale "as is," the listing agent should:

A) assume that the owner will accept a relatively low price for the property.
B) assume that the house is a "fixer-upper."
C) conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.
D) question the seller as to any known defects.

3. Under the New Jersey Real Estate Sales Full Disclosure Act, the Act does NOT apply to a development project:

A) already approved by the Department of Commerce.
B) where the purchaser's total financial obligation is less than $5,000.
C) consisting of 10 units.
D) extending over a 5 year period only.

4. A deposit check from a buyer paid upon the submission of an offer may be held without being deposited into the broker's escrow account:

A) until negotiations are concluded and the seller has accepted the offer
B) for no more than five business days after receipt of the money
C) for no more than five business days after the termination of the attorney review period
D) until all inspections required by the contract have been performed

5. A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?

A) easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements
B) easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property
C) easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement
D) easement appurtenant because it cannot run with the land

Solutions: