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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:

A) protecting and promoting the interests of the licensee's principal when acting as an agent
B) dealing honestly with all parties
C) disclosing material defects in a property to a prospective purchaser
D) accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement

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

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

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

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

5. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) owner willing to finance
B) FHA and VA financing available
C) buy for less than $650 per month
D) assumable loan

Solutions: