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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following best describes the Housing for Older Persons Act?

A) It allows grandparents with grandchildren to be exempt from the provisions of the Act.
B) It requires that at least 80% of occupied units have one person age 55 or older living there.
C) It requires that 55-and-older housing have significant facilities and services designed for seniors.
D) It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt.

2. A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase that is 20% less than the list price. Which of the following is appropriate?

A) The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
B) The seller is under no obligation to accept the offer or make a counteroffer.
C) The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
D) The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.

3. What is the difference between a license to use property and an easement?

A) An easement can be cancelled by the issuer.
B) A license can be cancelled by the issuer.
C) There must be consideration paid for an easement.
D) There must be consideration paid for a license.

4. A prospective buyer calls a licensed New Jersey salesperson to inquire about a property listed with that salesperson's brokerage. During the first substantive discussion about the property's price and terms, the salesperson must

A) only provide the CIS if the buyer asks for agency representation.
B) provide the CIS at closing when all agency relationships are finalized.
C) wait until the buyer is ready to make an offer before presenting the CIS.
D) immediately provide the Consumer Information Statement (CIS).

5. If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee's webpage must display the name of the broker as well as the

A) address of the broker's main office.
B) broker's telephone number.
C) address of the branch office from which the licensee operates.
D) broker's email address.

Solutions: