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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

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

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

Question 2

The common area of a condominium development is owned by:

A. any individuals who pay a prorated share of the taxes and maintenance.
B. those owners who were original owners of the units.
C. all owners as tenants in common.
D. its duly elected Board of Directors.

Question 3

A buyer made an offer to purchase a home using a VA loan, but the property's appraised value was determined to be less than the contract price. If the buyer really wants the property, which of the following choices is the buyer's best option?

A. Make up the difference between the contract price and appraised value in cash.
B. Do nothing, because the seller must sell the property at the appraised value.
C. Hire an appraiser and see if a second appraisal yields a higher appraised value.
D. Seek an FHA lender who will automatically make up the difference between the contract price and the appraised value.

Question 4

An intoxicated buyer made an offer on a house. The owners accepted the offer. This contract is

A. illegal.
B. void.
C. unilateral.
D. voidable.

Question 5

A licensee lists a property with the knowledge that a major highway is projected to be built within fifty feet of the property and is instructed by the owner not to disclose this fact to prospective purchasers. The licensee should:

A. advise the seller that unless disclosure is permitted the licensee must refuse the listing
B. comply with the owner's instructions to avoid a violation of his fiduciary obligations to the owner
C. service the listing and disclose this information only when asked by a prospective purchaser
D. service the listing and disclose the information to prospective purchasers without the owner's knowledge

Solutions: