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New Jersey Real Estate Salesperson Exam

Last Update 17 hours ago Total Questions : 120

The New Jersey Real Estate Salesperson Exam content is now fully updated, with all current exam questions added 17 hours ago. Deciding to include New-Jersey-Real-Estate-Salesperson practice exam questions in your study plan goes far beyond basic test preparation.

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Question # 31

Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?

A.

$766,000

B.

$914,760

C.

$1,060,500

D.

$1,354,500

Question # 32

A small broker committee in the local county has set up a new marketing idea. They will give every seller the same commission rate and it will not be negotiable. This will allow the consumers to know exactly what it will cost to list a property. This marketing plan is an example of:

A.

apostille

B.

price-fixing

C.

market allocation

D.

consumer protection

Question # 33

Which of the following statements about branch offices is INCORRECT?

A.

The name of the branch office supervisor must be recorded with the commission.

B.

A licensed broker-salesperson must supervise the office on a full-time basis.

C.

Two salespersons may be designated to share supervising responsibilities.

D.

The employing broker is ultimately responsible for all licensees employed at the branch office.

Question # 34

A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

A.

The lease is assigned to the new owner.

B.

The lease expires and the tenant must move.

C.

The tenant and the new owner must negotiate a new lease.

D.

The new owner has the option of canceling the lease or accepting the lease.

Question # 35

Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid 60% of the broker’s share. The house was sold for $110,000. How much did the listing agent earn?

A.

$1,320

B.

$1,980

C.

$2,640

D.

$3,980

Question # 36

A seller is offering his property for sale in as-is condition. A buyer enters into a contract with the seller and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller. The buyer:

A.

can void the contract due to the seller ' s failure to disclose the latent defect.

B.

can reduce the contract sales price by the cost of correcting the defect.

C.

must go through with the purchase because the house is being sold as is.

D.

can force the seller to correct the defect.

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