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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. The common area of a condominium development is owned by:

A) those owners who were original owners of the units.
B) its duly elected Board of Directors.
C) all owners as tenants in common.
D) any individuals who pay a prorated share of the taxes and maintenance.

2. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:

A) only cash offers to the seller.
B) the highest cash offer to the seller.
C) the highest offer to the seller.
D) all offers to the seller.

3. A married couple is purchasing a home. They ask the salesperson to advise them regarding the best way to take title. The salesperson should

A) advise them to take title as tenants by the entirety.
B) decline to advise them and suggest that they consult an attorney.
C) ask a broker to make a recommendation.
D) explain the possible types of joint ownership so they understand the options.

4. 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) FHA and VA financing available
C) assumable loan
D) buy for less than $650 per month

5. In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

A) no agency relationship; in this situation the broker becomes a facilitator only
B) dual agency
C) seller agency, no agency relationship with buyer
D) seller agency, buyer sub-agency

Solutions: