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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question 1

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

Question 2

The main purpose of a deed is to

A. record and acknowledge title transfer.
B. convey title.
C. guarantee clear title.
D. provide documentation of legal possession.

Question 3

Last year, an apartment building had a net operating income of $174,000. If a potential buyer is looking for a capitalization rate of 8%, how much should the buyer be willing to pay for the building?

A. $1,392,000
B. $2,175,000
C. $139,200
D. $174,000

Question 4

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

Question 5

In commercial property leasing, listing agents should ensure that the owner complies with:

A. their fiduciary responsibilities to the tenant
B. the Americans with Disabilities Act
C. market lease rates
D. state and federal Fair Housing laws

Solutions: