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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

A) can be taken to the new firm so there is no interruption of service to the client.
B) should be turned into the MLS.
C) should be given to the seller.
D) cannot be taken because it belongs to Broker A.

2. What is the difference between a license to use property and an easement?

A) There must be consideration paid for an easement.
B) An easement can be cancelled by the issuer.
C) There must be consideration paid for a license.
D) A license can be cancelled by the issuer.

3. A tenant has an option to purchase leased property. The price that the tenant will pay for the property is determined by the:

A) tenant, when the option is exercised.
B) terms specified in the option.
C) property's market value at the time of exercising the option.
D) agreement, when the option is exercised.

4. A lender may add 1/12th of the estimated cost of the annual property taxes and hazard insurance on the mortgaged property to the monthly loan payment for deposit in:

A) a PMI account
B) an adjustment account
C) an impound, escrow, or reserve account
D) a margin account

5. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

A) Obtain a modification to the local master plan.
B) File an appeal with the local court.
C) Obtain a building permit.
D) Obtain a variance or special exception.

Solutions: