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

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

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

3. Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:

A) as long as they are non-smokers, it should not be an issue.
B) they need not do so, because if radon were present, there would be an odor that would make it easy to detect.
C) they should do so, because radon is now considered to be one of the causes of lung cancer.
D) it is unlikely that radon would be a problem in that area.

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

5. The following statement was found in a real estate sales contract: "In the event of a default by the purchaser, the forfeiture of the earnest money to the seller will be the only compensation to which the seller will be entitled." This statement most likely describes a:

A) broker protection clause
B) indemnification clause
C) default delivery clause
D) liquidated damages clause

Solutions: