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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. According to the New Jersey Law Against Discrimination, which of the following descriptions may be used in advertising properties in a townhome development?

A) Senior housing
B) Ethnic neighborhood
C) Close to synagogues and churches
D) Singles only

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

3. Which of the following can hold escrow accounts?

A) banks, brokers, and attorneys
B) lenders, brokers, and real estate commissions
C) banks, salespersons, and title companies
D) salespersons, brokers, and lenders

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

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

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

Solutions: