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Real Estate New Jersey Real Estate Salesperson Sample Questions:

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

2. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) exclusive agency representation
B) exclusive right to sell
C) nonexclusive right-to-lease
D) nonexclusive buyer-agency

3. In commercial property leasing, listing agents should ensure that the owner complies with:

A) market lease rates
B) state and federal Fair Housing laws
C) the Americans with Disabilities Act
D) their fiduciary responsibilities to the tenant

4. A subordination agreement is used to:

A) assign rents to the lender in case of borrower default.
B) pledge property for a loan without giving up possession.
C) initiate foreclosure proceedings.
D) change the priority of mortgages.

5. 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

Solutions: