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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 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) net
B) gross
C) percentage
D) ground

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

3. A CORRECT statement about transaction brokers is that they:

A) represent neither the buyer nor the seller
B) may conduct transactions without an active real estate license
C) represent both the buyer and the seller
D) are required to disclose confidential information

4. A prospective buyer calls a licensed New Jersey salesperson to inquire about a property listed with that salesperson's brokerage. During the first substantive discussion about the property's price and terms, the salesperson must

A) immediately provide the Consumer Information Statement (CIS).
B) provide the CIS at closing when all agency relationships are finalized.
C) wait until the buyer is ready to make an offer before presenting the CIS.
D) only provide the CIS if the buyer asks for agency representation.

5. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) owner willing to finance
B) buy for less than $650 per month
C) FHA and VA financing available
D) assumable loan

Solutions: