Download Real Estate : New-Jersey-Real-Estate-Salesperson Questions & Answers as PDF & Test Software
Updated: Jun 06, 2026
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Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. Which of the following best describes the Housing for Older Persons Act?
A) It allows grandparents with grandchildren to be exempt from the provisions of the Act.
B) It requires that 55-and-older housing have significant facilities and services designed for seniors.
C) It requires that at least 80% of occupied units have one person age 55 or older living there.
D) It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt.
2. 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) broker protection clause
B) default delivery clause
C) liquidated damages clause
D) indemnification clause
3. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?
A) the first offer received
B) the offer most favorable to the seller, including price and all terms
C) all three of the offers
D) the offer with the highest sale price
4. 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) must forward the offer to the seller's attorney for consideration.
D) may accept the offer.
5. When MUST a listing broker provide a copy of a fully executed written listing agreement to the owner?
A) Within five business days of execution of the listing agreement
B) Upon execution of the listing agreement by all parties
C) At the time of presentation of a written offer
D) Within three days of execution of the listing agreement by registered mail, return-receipt-requested
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
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