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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. In advertisements of individual salespersons, which of the following is permitted?

A) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.
B) Including reference to a home office.
C) Placing the real estate office sign on a personal residence.
D) Linking a personal real estate webpage to the salesperson's broker's website.

2. A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to

A) verbally inform any buyer's agent of the proposed revision.
B) secure the seller's initials confirming the revision.
C) obtain the consent of the listing broker.
D) prepare a separate addendum that reflects the revision.

3. A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?

A) easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property
B) easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement
C) easement appurtenant because it cannot run with the land
D) easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements

4. A subordination agreement is used to:

A) pledge property for a loan without giving up possession.
B) change the priority of mortgages.
C) initiate foreclosure proceedings.
D) assign rents to the lender in case of borrower default.

5. The common area of a condominium development is owned by:

A) its duly elected Board of Directors.
B) all owners as tenants in common.
C) those owners who were original owners of the units.
D) any individuals who pay a prorated share of the taxes and maintenance.

Solutions: