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

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:

A) protecting and promoting the interests of the licensee's principal when acting as an agent
B) accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement
C) disclosing material defects in a property to a prospective purchaser
D) dealing honestly with all parties

2. Which of the following can hold escrow accounts?

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

3. 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.

4. In advertisements of individual salespersons, which of the following is permitted?

A) Placing the real estate office sign on a personal residence.
B) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.
C) Including reference to a home office.
D) Linking a personal real estate webpage to the salesperson's broker's website.

5. A buyer-broker locates a property that is listed with another broker. The buyer makes an offer through the buyer-broker and an agreement of sale results. In this situation, the buyer-broker is acting as a:

A) referring broker with the listing broker
B) representative of the buyer and owes no fiduciary obligations to the seller
C) representative of the seller and owes no fiduciary obligations to the buyer
D) subagent of the listing broker

Solutions: