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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

A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

A. all three of the offers
B. the offer with the highest sale price
C. the first offer received
D. the offer most favorable to the seller, including price and all terms

Question 2

A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

A. furnish within ninety days of its collection an accounting of how the money was used
B. deduct the amount collected from the commission or settlement
C. give the principal receipts for all expenditures
D. retain the difference between the amount of money collected and the amount spent

Question 3

Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

A. File an appeal with the local court.
B. Obtain a building permit.
C. Obtain a variance or special exception.
D. Obtain a modification to the local master plan.

Question 4

A property was listed for $110,000. It sold for $106,000. A 6.5% fee was split equally between the listing and selling real estate firms. The listing licensee received 55% of the listing office share. How much did the listing licensee receive?

A. $3,575.00
B. $3,789.50
C. $1,894.75
D. $1,966.25

Question 5

Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:

A. it is unlikely that radon would be a problem in that area.
B. as long as they are non-smokers, it should not be an issue.
C. they need not do so, because if radon were present, there would be an odor that would make it easy to detect.
D. they should do so, because radon is now considered to be one of the causes of lung cancer.

Solutions: