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Real Estate New Jersey Real Estate Salesperson Sample Questions:

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

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

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

3. A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If accepted, which of the following will be true?

A) The lender will usually retain rights under mortgage insurance or VA guarantee.
B) The lender will take the title subject to any junior liens.
C) Because it is voluntary, it will not be an adverse item on the buyer's credit.
D) The loan will still be assumable.

4. A married couple is purchasing a home. They ask the salesperson to advise them regarding the best way to take title. The salesperson should

A) decline to advise them and suggest that they consult an attorney.
B) explain the possible types of joint ownership so they understand the options.
C) advise them to take title as tenants by the entirety.
D) ask a broker to make a recommendation.

5. Which of the following differentiates a bilateral contract from a unilateral contract?

A) performance obligations of the parties
B) relative value of the object of the contract
C) number of parties involved
D) type of property specified in the contract

Solutions: