Real Estate New-Jersey-Real-Estate-Salesperson

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. The feature that most distinguishes a joint tenancy from a tenancy in common is

A) right of survivorship
B) right of transfer.
C) undivided interests.
D) unity of possession.

2. A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):

A) Real Estate Broker
B) Licensed Realtor
C) Realtor
D) Licensed Real Estate Broker

3. When buyers move into their new house, they see that the ceiling fan in the dining room is gone. The ceiling fan was not mentioned in the offer to purchase. Did the sellers have the right to take the ceiling fan?

A) Yes, because it was not referenced in the contract.
B) No, because it was a fixture in the house.
C) Yes, because it was the sellers' personal property.
D) No, because it was chattel.

4. Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

A) can be taken to the new firm so there is no interruption of service to the client.
B) should be turned into the MLS.
C) should be given to the seller.
D) cannot be taken because it belongs to Broker A.

5. A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to

A) obtain the consent of the listing broker.
B) prepare a separate addendum that reflects the revision.
C) verbally inform any buyer's agent of the proposed revision.
D) secure the seller's initials confirming the revision.

Solutions: