Real Estate New-Jersey-Real-Estate-Salesperson : 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 broker is offering a $100 gift certificate at a jewelry store to all sellers who list with the broker during a specified time period. According to the New Jersey Real Estate License Law, such a promotion is prohibited because it:

A) discriminates against sellers who do not list with the broker during the specified time period
B) makes the receipt of the free offering contingent upon sellers listing their properties with the broker
C) discriminates against sellers whose religion prohibits the wearing of jewelry
D) offers compensation for brokerage activity to unlicensed persons

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

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

3. A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:

A) determine, at its discretion, what disciplinary action to take against the salesperson
B) notify the salesperson's employing broker of the circumstances pertaining to the conviction
C) suspend the salesperson's license
D) revoke the salesperson's license

4. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

A) all three of the offers
B) the first offer received
C) the offer with the highest sale price
D) the offer most favorable to the seller, including price and all terms

5. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) exclusive agency representation
B) nonexclusive right-to-lease
C) nonexclusive buyer-agency
D) exclusive right to sell

Solutions: