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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. The following statement was found in a real estate sales contract: "In the event of a default by the purchaser, the forfeiture of the earnest money to the seller will be the only compensation to which the seller will be entitled." This statement most likely describes a:

A) indemnification clause
B) broker protection clause
C) default delivery clause
D) liquidated damages clause

2. A landlord may require that a disabled tenant

A) pay double the usual $500 security deposit.
B) pay an additional fee for using the swimming pool to cover the added insurance cost.
C) not install grab bars in the tile shower if drilling holes in the tile is required.
D) remove the wheelchair ramp from the apartment upon vacating the unit.

3. Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

A) failing to provide a client with a copy of the signed exclusive listing contract
B) delivering a consumer information statement to a seller after having made a listing presentation
C) payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state
D) collecting a commission as a broker from both parties to a transaction while representing both parties as their agent

4. A property was listed for $110,000. It sold for $106,000. A 6.5% fee was split equally between the listing and selling real estate firms. The listing licensee received 55% of the listing office share. How much did the listing licensee receive?

A) $1,894.75
B) $3,789.50
C) $1,966.25
D) $3,575.00

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

Solutions: