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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

A) The lease expires and the tenant must move.
B) The new owner has the option of canceling the lease or accepting the lease.
C) The lease is assigned to the new owner.
D) The tenant and the new owner must negotiate a new lease.

2. Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

A) Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.
B) The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
C) Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.
D) The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.

3. A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?

A) 8 acres
B) 4 acres
C) 2 acres
D) 1 acre

4. If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee's webpage must display the name of the broker as well as the

A) address of the broker's main office.
B) broker's email address.
C) broker's telephone number.
D) address of the branch office from which the licensee operates.

5. Which of the following differentiates a bilateral contract from a unilateral contract?

A) performance obligations of the parties
B) relative value of the object of the contract
C) number of parties involved
D) type of property specified in the contract

Solutions: