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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question 1

A client is considering listing an industrially zoned 10-acre site. It has been vacant for several years, and was formerly used as an automobile junkyard. What would a responsible real estate licensee recommend the seller consider obtaining prior to putting the property on the market?

A. an environmental site assessment
B. a radon measurement analysis
C. an air quality report from the Environmental Protection Agency
D. an electromagnetic field determination

Question 2

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

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

Question 3

Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:

A. dealing honestly with all parties
B. accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement
C. protecting and promoting the interests of the licensee's principal when acting as an agent
D. disclosing material defects in a property to a prospective purchaser

Question 4

In many states, usury laws:

A. provide a right to use property belonging to another.
B. determine the possible legal use of land.
C. impose a tax on a purchaser of personal property for resale or use.
D. establish a maximum rate of interest allowed for loans.

Question 5

An intoxicated buyer made an offer on a house. The owners accepted the offer. This contract is

A. illegal.
B. voidable.
C. void.
D. unilateral.

Solutions: