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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question 1

Standard title insurance would protect a buyer:

A. in a purchase where the buyer had knowledge of a shed violating setback requirements.
B. if after closing, the HOA placed a lien on the property for the previous owners' unpaid dues.
C. for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.
D. when the seller has forged an ex-partner's signature on the deed.

Question 2

A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:

A. suspend the salesperson's license
B. determine, at its discretion, what disciplinary action to take against the salesperson
C. notify the salesperson's employing broker of the circumstances pertaining to the conviction
D. revoke the salesperson's license

Question 3

Which of the following is a radioactive odorless gas which may require mitigation?

A. carbon monoxide
B. asbestos
C. formaldehyde
D. radon

Question 4

Which of the following is least likely to be considered in establishing the value of a property by the sales comparison approach?

A. the square footage of the building
B. the capitalization rate
C. the date of sale
D. the size of the lot

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

Solutions: