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:

1. When MUST a listing broker provide a copy of a fully executed written listing agreement to the owner?

A) Within three days of execution of the listing agreement by registered mail, return-receipt-requested
B) At the time of presentation of a written offer
C) Within five business days of execution of the listing agreement
D) Upon execution of the listing agreement by all parties

2. A subordination agreement is used to:

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

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

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

4. A seller is offering his property for sale in as-is condition. A buyer enters into a contract with the seller and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller. The buyer:

A) can void the contract due to the seller's failure to disclose the latent defect.
B) can reduce the contract sales price by the cost of correcting the defect.
C) can force the seller to correct the defect.
D) must go through with the purchase because the house is being sold as is.

5. The primary intent of the statute of frauds is to:

A) protect the rights of buyers who are disabled.
B) protect licensees from fraudulent activity.
C) enforce oral agreements beyond 1 year.
D) reduce real estate contracts to writing.

Solutions: