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

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 broker may legally refuse to accept a listing:

A) only if the owner's instructions are illegal.
B) under no circumstances; all owners are entitled to professional representation in the sale of their property.
C) at any time, for any legitimate reason.
D) only if the seller cannot give clear title to the property.

3. A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

A) The tenant and the new owner must negotiate a new lease.
B) The lease is assigned to the new owner.
C) The new owner has the option of canceling the lease or accepting the lease.
D) The lease expires and the tenant must move.

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) dual agency
D) seller agency, buyer sub-agency

5. 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 Real Estate Broker
C) Real Estate Broker
D) Licensed Realtor

Solutions: