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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 many states, usury laws:

A. provide a right to use property belonging to another.
B. determine the possible legal use of land.
C. impose a tax on a purchaser of personal property for resale or use.
D. establish a maximum rate of interest allowed for loans.

Question 2

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

Question 3

As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:

A. filed plat map identifying the location of the property being bought or leased
B. New Jersey Public Offering Statement approved by the Commission
C. deed or other instrument establishing title in the name of the developer
D. Statement of Record filed by the developer with the Commission

Question 4

A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?

A. easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property
B. easement appurtenant because it cannot run with the land
C. easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement
D. easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements

Question 5

Standard title insurance would protect a buyer:

A. if after closing, the HOA placed a lien on the property for the previous owners' unpaid dues.
B. for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.
C. when the seller has forged an ex-partner's signature on the deed.
D. in a purchase where the buyer had knowledge of a shed violating setback requirements.

Solutions: