Real Estate New-Jersey-Real-Estate-Salesperson Test Passed : New Jersey Real Estate Salesperson Exam

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A buyer-broker locates a property that is listed with another broker. The buyer makes an offer through the buyer-broker and an agreement of sale results. In this situation, the buyer-broker is acting as a:

A) referring broker with the listing broker
B) representative of the buyer and owes no fiduciary obligations to the seller
C) subagent of the listing broker
D) representative of the seller and owes no fiduciary obligations to the buyer

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) give the principal receipts for all expenditures
C) retain the difference between the amount of money collected and the amount spent
D) deduct the amount collected from the commission or settlement

3. Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

A) Make telephone calls to request rent payments
B) Place signs on properties
C) Follow up on loan applications with lenders
D) Type contracts for approval

4. Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?

A) a Certified Public Accountant
B) any real estate licensee, in each state in which the licensee is licensed
C) a licensed real estate broker
D) a certified appraiser

5. Which of the following is a permitted free offering?

A) Free use of a local moving van for all listings
B) A free dinner for attendees at a homebuyers' evening seminar
C) A coupon for discounted commission on listing services
D) A complimentary home warranty with every listing

Solutions: