Real Estate New Jersey Real Estate Salesperson : New-Jersey-Real-Estate-Salesperson Exam Questions

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid
60% of the broker's share. The house was sold for $110,000. How much did the listing agent earn?

A) $3,980
B) $2,640
C) $1,980
D) $1,320

2. A client is considering listing an industrially zoned 10-acre site. It has been vacant for several years, and was formerly used as an automobile junkyard. What would a responsible real estate licensee recommend the seller consider obtaining prior to putting the property on the market?

A) an environmental site assessment
B) a radon measurement analysis
C) an air quality report from the Environmental Protection Agency
D) an electromagnetic field determination

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

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

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

5. In advertisements of individual salespersons, which of the following is permitted?

A) Linking a personal real estate webpage to the salesperson's broker's website.
B) Placing the real estate office sign on a personal residence.
C) Including reference to a home office.
D) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.

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