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

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

2. A CORRECT statement about transaction brokers is that they:

A) represent neither the buyer nor the seller
B) are required to disclose confidential information
C) may conduct transactions without an active real estate license
D) represent both the buyer and the seller

3. A married couple is purchasing a home. They ask the salesperson to advise them regarding the best way to take title. The salesperson should

A) decline to advise them and suggest that they consult an attorney.
B) explain the possible types of joint ownership so they understand the options.
C) ask a broker to make a recommendation.
D) advise them to take title as tenants by the entirety.

4. Which of the following best describes the Housing for Older Persons Act?

A) It requires that at least 80% of occupied units have one person age 55 or older living there.
B) It requires that 55-and-older housing have significant facilities and services designed for seniors.
C) It allows grandparents with grandchildren to be exempt from the provisions of the Act.
D) It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt.

5. Which of the following is a permitted free offering?

A) A complimentary home warranty with every listing
B) A coupon for discounted commission on listing services
C) A free dinner for attendees at a homebuyers' evening seminar
D) Free use of a local moving van for all listings

Solutions: