PDF Version DemoReal Estate New Jersey Real Estate Salesperson Sample Questions:
1. New Jersey Real Estate Commission regulations require a licensee to terminate membership in a real estate board or multiple listing service whenever the organization:
A) advocates rules, practices, and/or standards with which the licensee does not agree
B) lobbies against legislation that the licensee personally favors
C) charges dues that the licensee feels are excessive
D) suggests uniform commission rates among all member brokers
2. Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:
A) trade fixtures
B) real estate
C) personal property
D) chattels
3. Which of the following items would be prorated at closing with the credit going to the seller?
A) accrued interest on an assumed mortgage
B) earnest money
C) unearned rent collected in advance
D) prepaid property taxes
4. Which of the following statements about branch offices is INCORRECT?
A) Two salespersons may be designated to share supervising responsibilities.
B) A licensed broker-salesperson must supervise the office on a full-time basis.
C) The name of the branch office supervisor must be recorded with the commission.
D) The employing broker is ultimately responsible for all licensees employed at the branch office.
5. A licensee must provide a Consumer Information Statement in all of the following transactions EXCEPT the:
A) sale of a three-family house in a mixed-use zone
B) sale of a vacant one-family lot
C) lease of a three-bedroom apartment for one year
D) sublease of a studio apartment for two months
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |
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