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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 licensee must provide a Consumer Information Statement in all of the following transactions EXCEPT the:

A) lease of a three-bedroom apartment for one year
B) sale of a three-family house in a mixed-use zone
C) sale of a vacant one-family lot
D) sublease of a studio apartment for two months

2. A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):

A) Licensed Real Estate Broker
B) Real Estate Broker
C) Realtor
D) Licensed Realtor

3. The Freshwater Wetlands Protection Act of 1987 is a New Jersey law that:

A) restricts development of real estate in certain designated areas
B) empowers the New Jersey Department of Environmental Protection to acquire title to certain real estate for less than its fair market value through condemnation
C) requires the registration of residential development projects with the New Jersey Department of Community Affairs
D) requires environmental impact statements to be filed with the New Jersey Department of Environmental Protection before title to developed real estate can be transferred

4. A licensed broker may establish a commission rate at a predetermined amount that reflects the broker's general office policy provided the broker:

A) negotiates all commissions with sellers
B) advertises the commission rate at least once per month
C) has the percentage or fixed amount printed on all listing agreement forms
D) advises the New Jersey Consumer Affairs Division that the broker will not negotiate this commission rate

5. A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when:

A) the licensee does not know any of the other title companies in the area
B) it is in the best interest of the client
C) the client does not ask for other recommendations
D) the licensee discloses the interest in the company to the client

Solutions: