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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

A) payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state
B) collecting a commission as a broker from both parties to a transaction while representing both parties as their agent
C) failing to provide a client with a copy of the signed exclusive listing contract
D) delivering a consumer information statement to a seller after having made a listing presentation

2. A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to

A) verbally inform any buyer's agent of the proposed revision.
B) obtain the consent of the listing broker.
C) prepare a separate addendum that reflects the revision.
D) secure the seller's initials confirming the revision.

3. Which of the following statements correctly describes a standard feature of a buyer-agency agreement?

A) It establishes a fiduciary relationship with the buyer.
B) The source of compensation determines the agency relationship.
C) A buyer-agency agreement is an option rather than an employment contract.
D) A retainer fee is normally paid at the time the agreement is signed.

4. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

A) Obtain a building permit.
B) File an appeal with the local court.
C) Obtain a variance or special exception.
D) Obtain a modification to the local master plan.

5. A tenant has an option to purchase leased property. The price that the tenant will pay for the property is determined by the:

A) agreement, when the option is exercised.
B) property's market value at the time of exercising the option.
C) terms specified in the option.
D) tenant, when the option is exercised.

Solutions: