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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. If an owner wants to list a property for sale "as is," the listing agent should:

A) assume that the house is a "fixer-upper."
B) conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.
C) question the seller as to any known defects.
D) assume that the owner will accept a relatively low price for the property.

2. If an owner wants to list a property for sale "as is," the listing agent should:

A) assume that the house is a "fixer-upper."
B) conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.
C) question the seller as to any known defects.
D) assume that the owner will accept a relatively low price for the property.

3. A broker may legally refuse to accept a listing:

A) only if the seller cannot give clear title to the property.
B) only if the owner's instructions are illegal.
C) under no circumstances; all owners are entitled to professional representation in the sale of their property.
D) at any time, for any legitimate reason.

4. Which of the following actions is a function of a municipal planning board?

A) Unilaterally approving subdivisions in a jurisdiction
B) Prescribing and controlling the development and use of all land in a municipality
C) Creating a master plan for all the land in a particular county
D) Approving a variance for an addition to a garage on a residential property

5. An intoxicated buyer made an offer on a house. The owners accepted the offer. This contract is

A) void.
B) voidable.
C) illegal.
D) unilateral.

Solutions: