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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A tenant has an option to purchase leased property. The price that the tenant will pay for the property is determined by the:

A) terms specified in the option.
B) property's market value at the time of exercising the option.
C) tenant, when the option is exercised.
D) agreement, when the option is exercised.

2. The Multiple Listing Service (MLS) board members decided that the population of each area of the city would be best served by the brokerages who have offices actually located within those areas. The board established boundaries dividing the city into six districts and voted to limit listings for each district to only those brokerages with offices within the district. Brokerages who tried to advertise beyond their own district would be prohibited from listing properties in the MLS. This action violates what Real Estate Law?

A) Sherman Anti-trust Act
B) Civil Rights Act
C) Diversity Jurisdiction
D) Housing and Community Development Act of 1974

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

4. A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:

A) notify the salesperson's employing broker of the circumstances pertaining to the conviction
B) suspend the salesperson's license
C) determine, at its discretion, what disciplinary action to take against the salesperson
D) revoke the salesperson's license

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

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

Solutions: