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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question 1

Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

A. should be turned into the MLS.
B. cannot be taken because it belongs to Broker A.
C. should be given to the seller.
D. can be taken to the new firm so there is no interruption of service to the client.

Question 2

The best way to research the previous owners of the property would be to research the:

A. chain of title
B. lien records
C. grantor
D. abstract

Question 3

An intoxicated buyer made an offer on a house. The owners accepted the offer. This contract is

A. voidable.
B. void.
C. illegal.
D. unilateral.

Question 4

A licensee listed a house for $187,500, and a dual agency does not exist. A buyer is willing to offer $184,000.
The licensee explains that the seller will take no less than $186,500. The buyer agrees to offer $186,500. Did the licensee act properly?

A. No, the licensee should have accepted the first offer and persuaded the seller to accept it.
B. No, the licensee should not have disclosed that the seller would accept less than the listing price.
C. Yes, to ensure acceptance of an offer, the licensee needed to disclose the lowest price the seller would accept.
D. Yes, because the licensee persuaded the buyer to raise the price $2,500.

Question 5

A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around:

A. $128,500
B. $147,500
C. $148,500
D. $123,500

Solutions: