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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| New Jersey State Portion (30 questions) | 27% | - New Jersey-Specific Practices
|
| National Portion (80 questions) | 73% | - Contracts and Agreements
|
Real Estate New Jersey Real Estate Salesperson Sample Questions:
Question #1
A salesperson working with buyers secures an offer on a property. The offer calls for an initial deposit of
$1,000 to be held in escrow. The salesperson instructs the buyer to issue a personal check in that amount payable to the salesperson. This action is
A. prohibited, because checks for deposits to be held in escrow may only be payable to the broker's escrow account.
B. permissible if the salesperson immediately writes a check for the deposit amount payable to their broker's escrow account.
C. prohibited, because the salesperson accepted a personal check.
D. permissible, because the salesperson is acting as agent for the broker.
Question #2
A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):
A. Realtor
B. Licensed Real Estate Broker
C. Real Estate Broker
D. Licensed Realtor
Question #3
A CORRECT statement about transaction brokers is that they:
A. represent neither the buyer nor the seller
B. represent both the buyer and the seller
C. may conduct transactions without an active real estate license
D. are required to disclose confidential information
Question #4
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. the highest offer to the seller.
B. all offers to the seller.
C. only cash offers to the seller.
D. the highest cash offer to the seller.
Question #5
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. Six-family dwelling unit, a portion of which is used for non-residential purposes
B. Single family residential vacant lot
C. Commercial building that does not exceed 10,000 square feet
D. Subdivision of fifteen or more lots
Solutions:
| Question #1 Correct Answer: A | Question #2 Correct Answer: B | Question #3 Correct Answer: A | Question #4 Correct Answer: B | Question #5 Correct Answer: B |
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