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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:

A) they should do so, because radon is now considered to be one of the causes of lung cancer.
B) they need not do so, because if radon were present, there would be an odor that would make it easy to detect.
C) it is unlikely that radon would be a problem in that area.
D) as long as they are non-smokers, it should not be an issue.

2. Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

A) collecting a commission as a broker from both parties to a transaction while representing both parties as their agent
B) delivering a consumer information statement to a seller after having made a listing presentation
C) failing to provide a client with a copy of the signed exclusive listing contract
D) payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state

3. A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):

A) Realtor
B) Licensed Realtor
C) Licensed Real Estate Broker
D) Real Estate Broker

4. In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

A) seller agency, no agency relationship with buyer
B) no agency relationship; in this situation the broker becomes a facilitator only
C) seller agency, buyer sub-agency
D) dual agency

5. A buyer who is purchasing a property intends to build a chain link fence in the backyard. There is a 12-year- old deed restriction that prohibits chain link fences. The licensee finds out that there are no city codes prohibiting chain link fences. Which of the following statements regarding this situation is true?

A) This deed restriction is more restrictive and will, therefore, take precedence.
B) This city code takes priority because deed restrictions expire 10 years after a subdivision is developed.
C) Deed restrictions always take priority over city codes.
D) City code always takes priority over deed restrictions.

Solutions: