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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

In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?

A. dual agency
B. seller agency, no agency relationship with buyer
C. no agency relationship; in this situation the broker becomes a facilitator only
D. seller agency, buyer sub-agency

Question 2

A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when:

A. the licensee does not know any of the other title companies in the area
B. the licensee discloses the interest in the company to the client
C. the client does not ask for other recommendations
D. it is in the best interest of the client

Question 3

If an owner wants to list a property for sale "as is," the listing agent should:

A. question the seller as to any known defects.
B. conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.
C. assume that the owner will accept a relatively low price for the property.
D. assume that the house is a "fixer-upper."

Question 4

A broker maintains a real estate agency and terminated two salespersons. In this situation, the broker is REQUIRED to take all the following actions with regard to these two salespersons EXCEPT:

A. pay any undisputed compensation due within ten days of the broker's receipt of such funds.
B. abide by the post-termination compensation clause contained in their employment agreements or provide a written explanation for not doing so.
C. permit them to remove original sales or listing contracts from the broker's office.
D. provide each with a written accounting of all monies due each salesperson.

Question 5

If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee's webpage must display the name of the broker as well as the

A. address of the branch office from which the licensee operates.
B. broker's telephone number.
C. broker's email address.
D. address of the broker's main office.

Solutions: