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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A licensee must provide disclosure of licensed status when acting as a principal if

A) the licensee has any economic interest in the property.
B) any relative of the licensee has ever lived in the residence.
C) the agent of the other party asks about this specifically.
D) the licensee does not have errors and omission insurance.

2. 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) discriminates against sellers who do not list with the broker during the specified time period
C) makes the receipt of the free offering contingent upon sellers listing their properties with the broker
D) discriminates against sellers whose religion prohibits the wearing of jewelry

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

4. An applicant for a real estate salesperson's license must apply for the issuance of the license within:

A) one year from the date of completion of the prelicensure education course
B) 30 days after accepting an offer of employment from a licensed real estate broker
C) one year from the date of beginning the prelicensure education course
D) one year from the date of passing the state licensing examination

5. Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:

A) accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement
B) dealing honestly with all parties
C) disclosing material defects in a property to a prospective purchaser
D) protecting and promoting the interests of the licensee's principal when acting as an agent

Solutions: