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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Broker P is the sole proprietor of XYZ Realty. P employs five salespersons, all of whom have been practicing real estate for at least two years. Under the license law, if P should die, which of the following actions can be taken?

A) A salesperson holding a real estate license for at least three years can apply for a temporary broker's license in order to continue the firm's activity.
B) The Real Estate Commission can direct an experienced broker with another firm to conclude all pending business.
C) All sales contracts can be declared null and void and all salespersons will lose their licenses until establishing employment with another broker.
D) The most experienced salesperson can act as broker for a maximum of six months until a permanent replacement broker is licensed.

2. Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:

A) redlining
B) steering
C) blockbusting
D) puffing

3. When buyers move into their new house, they see that the ceiling fan in the dining room is gone. The ceiling fan was not mentioned in the offer to purchase. Did the sellers have the right to take the ceiling fan?

A) No, because it was chattel.
B) Yes, because it was not referenced in the contract.
C) No, because it was a fixture in the house.
D) Yes, because it was the sellers' personal property.

4. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) exclusive agency representation
B) nonexclusive buyer-agency
C) nonexclusive right-to-lease
D) exclusive right to sell

5. Standard title insurance would protect a buyer:

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

Solutions: