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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. If an owner wants to list a property for sale "as is," the listing agent should:

A) assume that the house is a "fixer-upper."
B) conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.
C) question the seller as to any known defects.
D) assume that the owner will accept a relatively low price for the property.

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

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

3. A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around:

A) $147,500
B) $148,500
C) $123,500
D) $128,500

4. A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when:

A) the licensee does not know any of the other title companies in the area
B) it is in the best interest of the client
C) the licensee discloses the interest in the company to the client
D) the client does not ask for other recommendations

5. In many states, usury laws:

A) impose a tax on a purchaser of personal property for resale or use.
B) establish a maximum rate of interest allowed for loans.
C) determine the possible legal use of land.
D) provide a right to use property belonging to another.

Solutions: