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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:

A) the highest cash offer to the seller.
B) all offers to the seller.
C) only cash offers to the seller.
D) the highest offer to the seller.

2. A tenant has an option to purchase leased property. The price that the tenant will pay for the property is determined by the:

A) property's market value at the time of exercising the option.
B) terms specified in the option.
C) agreement, when the option is exercised.
D) tenant, when the option is exercised.

3. A small broker committee in the local county has set up a new marketing idea. They will give every seller the same commission rate and it will not be negotiable. This will allow the consumers to know exactly what it will cost to list a property. This marketing plan is an example of:

A) apostille
B) consumer protection
C) market allocation
D) price-fixing

4. 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) suspend the salesperson's license
C) notify the salesperson's employing broker of the circumstances pertaining to the conviction
D) revoke the salesperson's license

5. A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase that is 20% less than the list price. Which of the following is appropriate?

A) The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
B) The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
C) The seller is under no obligation to accept the offer or make a counteroffer.
D) The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.

Solutions: