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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 broker may legally refuse to accept a listing:

A) under no circumstances; all owners are entitled to professional representation in the sale of their property.
B) only if the owner's instructions are illegal.
C) only if the seller cannot give clear title to the property.
D) at any time, for any legitimate reason.

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

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

3. A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to

A) prepare a separate addendum that reflects the revision.
B) obtain the consent of the listing broker.
C) secure the seller's initials confirming the revision.
D) verbally inform any buyer's agent of the proposed revision.

4. Rents on a duplex total $600 monthly and are due the first of each month. If the sale of the duplex closes on the 15th of a month, the rental income will be reflected on the closing statement as a

A) credit of $600 to the buyer only.
B) debit to the seller of $300 and a credit to the buyer of $300.
C) credit to the seller of $300 and a debit to the buyer of $300.
D) credit of $600 to the seller only.

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

Solutions: