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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

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

2. As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:

A) filed plat map identifying the location of the property being bought or leased
B) Statement of Record filed by the developer with the Commission
C) deed or other instrument establishing title in the name of the developer
D) New Jersey Public Offering Statement approved by the Commission

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

4. According to the New Jersey Law Against Discrimination, which of the following descriptions may be used in advertising properties in a townhome development?

A) Singles only
B) Close to synagogues and churches
C) Senior housing
D) Ethnic neighborhood

5. If an owner wants to list a property for sale "as is," the listing agent should:

A) conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.
B) assume that the owner will accept a relatively low price for the property.
C) assume that the house is a "fixer-upper."
D) question the seller as to any known defects.

Solutions: