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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

A) failing to provide a client with a copy of the signed exclusive listing contract
B) payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state
C) delivering a consumer information statement to a seller after having made a listing presentation
D) collecting a commission as a broker from both parties to a transaction while representing both parties as their agent

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

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

3. A salesperson working with buyers secures an offer on a property. The offer calls for an initial deposit of
$1,000 to be held in escrow. The salesperson instructs the buyer to issue a personal check in that amount payable to the salesperson. This action is

A) prohibited, because checks for deposits to be held in escrow may only be payable to the broker's escrow account.
B) permissible, because the salesperson is acting as agent for the broker.
C) prohibited, because the salesperson accepted a personal check.
D) permissible if the salesperson immediately writes a check for the deposit amount payable to their broker's escrow account.

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

5. A married couple is planning to purchase a house that costs $86,000. If they obtain a 60% loan and the lender charges a 2.5% loan origination fee and 0.5 discount points, what is the cost of these expenses?

A) $1,290
B) $2,150
C) $1,548
D) $2,580

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