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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. When MUST a listing broker provide a copy of a fully executed written listing agreement to the owner?

A) Within five business days of execution of the listing agreement
B) Upon execution of the listing agreement by all parties
C) At the time of presentation of a written offer
D) Within three days of execution of the listing agreement by registered mail, return-receipt-requested

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

3. A licensee listed a house for $187,500, and a dual agency does not exist. A buyer is willing to offer $184,000.
The licensee explains that the seller will take no less than $186,500. The buyer agrees to offer $186,500. Did the licensee act properly?

A) Yes, to ensure acceptance of an offer, the licensee needed to disclose the lowest price the seller would accept.
B) No, the licensee should have accepted the first offer and persuaded the seller to accept it.
C) No, the licensee should not have disclosed that the seller would accept less than the listing price.
D) Yes, because the licensee persuaded the buyer to raise the price $2,500.

4. A tenant has a commercial lease that requires that the tenant pay taxes, insurance, maintenance, and parking lot repairs. What kind of lease does the tenant have?

A) percentage
B) net
C) gross
D) ground

5. The primary intent of the statute of frauds is to:

A) protect the rights of buyers who are disabled.
B) reduce real estate contracts to writing.
C) enforce oral agreements beyond 1 year.
D) protect licensees from fraudulent activity.

Solutions: