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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:

A) accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement
B) dealing honestly with all parties
C) protecting and promoting the interests of the licensee's principal when acting as an agent
D) disclosing material defects in a property to a prospective purchaser

2. Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid
60% of the broker's share. The house was sold for $110,000. How much did the listing agent earn?

A) $2,640
B) $1,980
C) $1,320
D) $3,980

3. A seller places a property on the market for sale at a certain price. A buyer sees the property and makes a written offer to purchase that is 90% of the asking price. The seller rejects that offer, but will accept an offer of 95% of the original asking price. The buyer rejects that counteroffer. The original offer is:

A) null and void
B) binding
C) rescinded
D) irrevocable

4. A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

A) The lease is assigned to the new owner.
B) The lease expires and the tenant must move.
C) The tenant and the new owner must negotiate a new lease.
D) The new owner has the option of canceling the lease or accepting the lease.

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

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

Solutions: