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

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question #1
A CORRECT statement about transaction brokers is that they:

A. represent neither the buyer nor the seller
B. may conduct transactions without an active real estate license
C. are required to disclose confidential information
D. represent both the buyer and the seller

Question #2
The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:

A. only cash offers to the seller.
B. the highest cash offer to the seller.
C. the highest offer to the seller.
D. all offers to the seller.

Question #3
A client is considering listing an industrially zoned 10-acre site. It has been vacant for several years, and was formerly used as an automobile junkyard. What would a responsible real estate licensee recommend the seller consider obtaining prior to putting the property on the market?

A. an electromagnetic field determination
B. an environmental site assessment
C. a radon measurement analysis
D. an air quality report from the Environmental Protection Agency

Question #4
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. a former occupant of a property had AIDS
C. the property was the scene of a serious crime
D. the roof leaked recently but was patched by the owner

Question #5
A licensed broker may establish a commission rate at a predetermined amount that reflects the broker's general office policy provided the broker:

A. has the percentage or fixed amount printed on all listing agreement forms
B. advertises the commission rate at least once per month
C. negotiates all commissions with sellers
D. advises the New Jersey Consumer Affairs Division that the broker will not negotiate this commission rate

Solutions: