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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 buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A. exclusive right to sell
B. exclusive agency representation
C. nonexclusive buyer-agency
D. nonexclusive right-to-lease

Question 2

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

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

Question 3

A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

A. The lease is assigned to the new owner.
B. The tenant and the new owner must negotiate a new lease.
C. The lease expires and the tenant must move.
D. The new owner has the option of canceling the lease or accepting the lease.

Question 4

Which of the following is a permitted free offering?

A. A free dinner for attendees at a homebuyers' evening seminar
B. A coupon for discounted commission on listing services
C. A complimentary home warranty with every listing
D. Free use of a local moving van for all listings

Question 5

A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

A. must be compensated by the seller.
B. is entitled to compensation even if the buyer purchases a property that they locate.
C. is only due compensation if the buyer purchases one of the broker's listings.
D. may not show a property to other buyers until the buyer decides if they want to make an offer.

Solutions: