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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash.
The broker

A) may not accept the offer until the seller returns.
B) may accept the offer.
C) must forward the offer to the seller's attorney for consideration.
D) may sign a deed of conveyance if the seller does not return on time.

2. If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee's webpage must display the name of the broker as well as the

A) address of the branch office from which the licensee operates.
B) broker's telephone number.
C) address of the broker's main office.
D) broker's email address.

3. In surveying, monuments are used to establish:

A) historical sites
B) a common address
C) flood elevation
D) real estate boundaries

4. A client is considering listing an industrially zoned 10-acre site. It has been vacant for several years, and was formerly used as an automobile junkyard. What would a responsible real estate licensee recommend the seller consider obtaining prior to putting the property on the market?

A) an environmental site assessment
B) an electromagnetic field determination
C) a radon measurement analysis
D) an air quality report from the Environmental Protection Agency

5. As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:

A) New Jersey Public Offering Statement approved by the Commission
B) filed plat map identifying the location of the property being bought or leased
C) deed or other instrument establishing title in the name of the developer
D) Statement of Record filed by the developer with the Commission

Solutions: