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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question 1

A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker's right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

A. must be compensated by the seller.
B. may not show a property to other buyers until the buyer decides if they want to make an offer.
C. is only due compensation if the buyer purchases one of the broker's listings.
D. is entitled to compensation even if the buyer purchases a property that they locate.

Question 2

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

Question 3

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. No, because as an integrated club, they could discriminate on the basis of race in renting facilities.
B. Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.
C. 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.
D. Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.

Question 4

Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?

A. $1,060,500
B. $766,000
C. $1,354,500
D. $914,760

Question 5

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. representative of the buyer and owes no fiduciary obligations to the seller
B. representative of the seller and owes no fiduciary obligations to the buyer
C. referring broker with the listing broker
D. subagent of the listing broker

Solutions: