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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A licensee lists a property with the knowledge that a major highway is projected to be built within fifty feet of the property and is instructed by the owner not to disclose this fact to prospective purchasers. The licensee should:

A) service the listing and disclose this information only when asked by a prospective purchaser
B) comply with the owner's instructions to avoid a violation of his fiduciary obligations to the owner
C) advise the seller that unless disclosure is permitted the licensee must refuse the listing
D) service the listing and disclose the information to prospective purchasers without the owner's knowledge


2. An applicant for a real estate salesperson's license must apply for the issuance of the license within:

A) 30 days after accepting an offer of employment from a licensed real estate broker
B) one year from the date of completion of the prelicensure education course
C) one year from the date of beginning the prelicensure education course
D) one year from the date of passing the state licensing examination


3. A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

A) The tenant and the new owner must negotiate a new lease.
B) The lease is assigned to the new owner.
C) The lease expires and the tenant must move.
D) The new owner has the option of canceling the lease or accepting the lease.


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

A) 5 days
B) 24 hours
C) 3 days
D) 48 hours


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


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: A

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