Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. A tenant has a commercial lease that requires that the tenant pay taxes, insurance, maintenance, and parking lot repairs. What kind of lease does the tenant have?
A) gross
B) ground
C) net
D) percentage
2. If an owner wants to list a property for sale "as is," the listing agent should:
A) assume that the house is a "fixer-upper."
B) assume that the owner will accept a relatively low price for the property.
C) question the seller as to any known defects.
D) conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.
3. A buyer-broker locates a property that is listed with another broker. The buyer makes an offer through the buyer-broker and an agreement of sale results. In this situation, the buyer-broker is acting as a:
A) referring broker with the listing broker
B) representative of the buyer and owes no fiduciary obligations to the seller
C) representative of the seller and owes no fiduciary obligations to the buyer
D) subagent of the listing broker
4. A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?
A) Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.
B) No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.
C) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.
D) No, because as an integrated club, they could discriminate on the basis of race in renting facilities.
5. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:
A) only cash offers to the seller.
B) the highest cash offer to the seller.
C) the highest offer to the seller.
D) all offers to the seller.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: D |
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By Julius

