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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. 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) failing to provide a client with a copy of the signed exclusive listing contract
C) payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state
D) collecting a commission as a broker from both parties to a transaction while representing both parties as their agent

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

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

3. A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If accepted, which of the following will be true?

A) The lender will take the title subject to any junior liens.
B) The lender will usually retain rights under mortgage insurance or VA guarantee.
C) Because it is voluntary, it will not be an adverse item on the buyer's credit.
D) The loan will still be assumable.

4. The Freshwater Wetlands Protection Act of 1987 is a New Jersey law that:

A) requires the registration of residential development projects with the New Jersey Department of Community Affairs
B) restricts development of real estate in certain designated areas
C) empowers the New Jersey Department of Environmental Protection to acquire title to certain real estate for less than its fair market value through condemnation
D) requires environmental impact statements to be filed with the New Jersey Department of Environmental Protection before title to developed real estate can be transferred

5. Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

A) Follow up on loan applications with lenders
B) Make telephone calls to request rent payments
C) Place signs on properties
D) Type contracts for approval

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