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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 seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash.
The broker

A. may accept the offer.
B. may not accept the offer until the seller returns.
C. may sign a deed of conveyance if the seller does not return on time.
D. must forward the offer to the seller's attorney for consideration.

Question 2

In surveying, monuments are used to establish:

A. a common address
B. real estate boundaries
C. historical sites
D. flood elevation

Question 3

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. charges dues that the licensee feels are excessive
C. lobbies against legislation that the licensee personally favors
D. suggests uniform commission rates among all member brokers

Question 4

According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer

A. provided it does not exceed 50% of the total commission.
B. if notated on the contract of sale.
C. if a writing confirming the terms of the rebate is provided to the buyer at closing.
D. if the licensee is the broker.

Question 5

A licensee faxes a list of available properties to prospective buyers. Which of the following is true?

A. The licensee must include only a phone number to reply.
B. The licensee's company's name does not need to be listed.
C. The licensee must mail an identical list to all parties.
D. The fax must contain an opt-out provision for future communications.

Solutions: