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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Standard title insurance would protect a buyer:

A) for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.
B) when the seller has forged an ex-partner's signature on the deed.
C) in a purchase where the buyer had knowledge of a shed violating setback requirements.
D) if after closing, the HOA placed a lien on the property for the previous owners' unpaid dues.

2. In many states, usury laws:

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

3. Which of the following statements about branch offices is INCORRECT?

A) The name of the branch office supervisor must be recorded with the commission.
B) A licensed broker-salesperson must supervise the office on a full-time basis.
C) The employing broker is ultimately responsible for all licensees employed at the branch office.
D) Two salespersons may be designated to share supervising responsibilities.

4. The Freshwater Wetlands Protection Act of 1987 is a New Jersey law that:

A) requires environmental impact statements to be filed with the New Jersey Department of Environmental Protection before title to developed real estate can be transferred
B) empowers the New Jersey Department of Environmental Protection to acquire title to certain real estate for less than its fair market value through condemnation
C) restricts development of real estate in certain designated areas
D) requires the registration of residential development projects with the New Jersey Department of Community Affairs

5. In advertisements of individual salespersons, which of the following is permitted?

A) Including reference to a home office.
B) Linking a personal real estate webpage to the salesperson's broker's website.
C) Placing the real estate office sign on a personal residence.
D) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.

Solutions: