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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

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

2. A buyer's agent is NOT permitted to tell a buyer that:

A) a former occupant of a property had AIDS
B) the roof leaked recently but was patched by the owner
C) the property was the scene of a serious crime
D) the seller is willing to accept less than the listing price because of financial circumstances

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

4. A seller is offering his property for sale in as-is condition. A buyer enters into a contract with the seller and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller. The buyer:

A) must go through with the purchase because the house is being sold as is.
B) can force the seller to correct the defect.
C) can void the contract due to the seller's failure to disclose the latent defect.
D) can reduce the contract sales price by the cost of correcting the defect.

5. A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

A) furnish within ninety days of its collection an accounting of how the money was used
B) give the principal receipts for all expenditures
C) retain the difference between the amount of money collected and the amount spent
D) deduct the amount collected from the commission or settlement

Solutions: