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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

A) Type contracts for approval
B) Place signs on properties
C) Follow up on loan applications with lenders
D) Make telephone calls to request rent payments

2. Which of the following statements in an advertisement would be an example of non-discriminatory language under HUD's Fair Housing Advertising Guidelines?

A) located within walking distance to a great Catholic school
B) female seeking female roommate
C) apartment available. No pets or children allowed
D) nice home ideal for any family with children

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

4. A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:

A) determine, at its discretion, what disciplinary action to take against the salesperson
B) notify the salesperson's employing broker of the circumstances pertaining to the conviction
C) revoke the salesperson's license
D) suspend the salesperson's license

5. Which of the following statements correctly describes a standard feature of a buyer-agency agreement?

A) A retainer fee is normally paid at the time the agreement is signed.
B) The source of compensation determines the agency relationship.
C) A buyer-agency agreement is an option rather than an employment contract.
D) It establishes a fiduciary relationship with the buyer.

Solutions: