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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 contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties?

A) Six-family dwelling unit, a portion of which is used for non-residential purposes
B) Commercial building that does not exceed 10,000 square feet
C) Single family residential vacant lot
D) Subdivision of fifteen or more lots

2. 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

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B) rescinded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

4. 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.

5. A property was listed for $110,000. It sold for $106,000. A 6.5% fee was split equally between the listing and selling real estate firms. The listing licensee received 55% of the listing office share. How much did the listing licensee receive?

A) $1,894.75
B) $3,789.50
C) $1,966.25
D) $3,575.00

Solutions: