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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A tenant has a commercial lease that requires that the tenant pay taxes, insurance, maintenance, and parking lot repairs. What kind of lease does the tenant have?

A) gross
B) percentage
C) net
D) ground

2. A buyer-broker locates a property that is listed with another broker. The buyer makes an offer through the buyer-broker and an agreement of sale results. In this situation, the buyer-broker is acting as a:

A) subagent of the listing broker
B) referring broker with the listing broker
C) representative of the buyer and owes no fiduciary obligations to the seller
D) representative of the seller and owes no fiduciary obligations to the buyer

3. A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties?

A) Six-family dwelling unit, a portion of which is used for non-residential purposes
B) Single family residential vacant lot
C) Commercial building that does not exceed 10,000 square feet
D) Subdivision of fifteen or more lots

4. Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:

A) redlining
B) steering
C) puffing
D) blockbusting

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

Solutions: