New-Jersey-Real-Estate-Salesperson by Real Estate Actual Free Exam Questions And Answers

Question 1

The primary intent of the statute of frauds is to:

A. reduce real estate contracts to writing.

B. protect the rights of buyers who are disabled.

C. enforce oral agreements beyond 1 year.

D. protect licensees from fraudulent activity.

Discussion 0

Correct Answer: A Vote an answer

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Question 2

An appraisal made by a certified appraiser is required:

A. before real property can transfer from one owner to another.

B. when the buyer is using an FHA loan to purchase.

C. before any property settlement in a divorce.

D. when heirs receive property.

Discussion 0

Correct Answer: B Vote an answer

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Question 3

A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash.
The broker

A. may not accept the offer until the seller returns.

B. may sign a deed of conveyance if the seller does not return on time.

C. may accept the offer.

D. must forward the offer to the seller's attorney for consideration.

Discussion 0

Correct Answer: C Vote an answer

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Question 4

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

A. Placing the real estate office sign on a personal residence.

B. Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.

C. Including reference to a home office.

D. Linking a personal real estate webpage to the salesperson's broker's website.

Discussion 0

Correct Answer: D Vote an answer

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Question 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. assumable loan

B. FHA and VA financing available

C. buy for less than $650 per month

D. owner willing to finance

Discussion 0

Correct Answer: C Vote an answer

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Question 6

Written offers to purchase real estate in New Jersey must be presented to sellers within:

A. 24 hours

B. 5 days

C. 3 days

D. 48 hours

Discussion 0

Correct Answer: A Vote an answer

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Question 7

The common area of a condominium development is owned by:

A. all owners as tenants in common.

B. any individuals who pay a prorated share of the taxes and maintenance.

C. those owners who were original owners of the units.

D. its duly elected Board of Directors.

Discussion 0

Correct Answer: A Vote an answer

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Real Estate New Jersey Real Estate Salesperson - New-Jersey-Real-Estate-Salesperson Exam Practice Test

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