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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?

A) a Certified Public Accountant
B) a certified appraiser
C) a licensed real estate broker
D) any real estate licensee, in each state in which the licensee is licensed

2. The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:

A) appurtenant
B) in gross
C) by prescription
D) by necessity

3. In advertisements of individual salespersons, which of the following is permitted?

A) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.
B) Placing the real estate office sign on a personal residence.
C) Linking a personal real estate webpage to the salesperson's broker's website.
D) Including reference to a home office.

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

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

5. A broker is offering a $100 gift certificate at a jewelry store to all sellers who list with the broker during a specified time period. According to the New Jersey Real Estate License Law, such a promotion is prohibited because it:

A) offers compensation for brokerage activity to unlicensed persons
B) makes the receipt of the free offering contingent upon sellers listing their properties with the broker
C) discriminates against sellers who do not list with the broker during the specified time period
D) discriminates against sellers whose religion prohibits the wearing of jewelry

Solutions: