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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 broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

A) deduct the amount collected from the commission or settlement
B) retain the difference between the amount of money collected and the amount spent
C) give the principal receipts for all expenditures
D) furnish within ninety days of its collection an accounting of how the money was used

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

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

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

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

5. A seller places a property on the market for sale at a certain price. A buyer sees the property and makes a written offer to purchase that is 90% of the asking price. The seller rejects that offer, but will accept an offer of 95% of the original asking price. The buyer rejects that counteroffer. The original offer is:

A) irrevocable
B) rescinded
C) binding
D) null and void

Solutions: