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

2. A buyer's agent is NOT permitted to tell a buyer that:

A) the property was the scene of a serious crime
B) the roof leaked recently but was patched by the owner
C) the seller is willing to accept less than the listing price because of financial circumstances
D) a former occupant of a property had AIDS

3. A home sold for $400,000. It was appraised for $402,000, and the assessed value was $320,000. Assume in this situation, the real estate transfer tax of 1% is paid by the grantee. How much will the seller owe at closing for transfer fees?

A) $3,200
B) $4,000
C) $0
D) $4,020

4. A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?

A) 8 acres
B) 2 acres
C) 4 acres
D) 1 acre

5. A seller is offering his property for sale in as-is condition. A buyer enters into a contract with the seller and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller. The buyer:

A) can reduce the contract sales price by the cost of correcting the defect.
B) must go through with the purchase because the house is being sold as is.
C) can void the contract due to the seller's failure to disclose the latent defect.
D) can force the seller to correct the defect.

Solutions: