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Real Estate New Jersey Real Estate Salesperson Sample Questions:

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

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

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

3. A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

A) deduct the amount collected from the commission or settlement
B) retain the difference between the amount of money collected and the amount spent
C) furnish within ninety days of its collection an accounting of how the money was used
D) give the principal receipts for all expenditures

4. The primary intent of the statute of frauds is to:

A) protect the rights of buyers who are disabled.
B) reduce real estate contracts to writing.
C) enforce oral agreements beyond 1 year.
D) protect licensees from fraudulent activity.

5. A buyer's agent is NOT permitted to tell a buyer that:

A) the roof leaked recently but was patched by the owner
B) the seller is willing to accept less than the listing price because of financial circumstances
C) the property was the scene of a serious crime
D) a former occupant of a property had AIDS

Solutions: