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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A tenant has a commercial lease that requires that the tenant pay taxes, insurance, maintenance, and parking lot repairs. What kind of lease does the tenant have?

A) gross
B) percentage
C) net
D) ground

2. Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

A) Make telephone calls to request rent payments
B) Follow up on loan applications with lenders
C) Place signs on properties
D) Type contracts for approval

3. Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:

A) trade fixtures
B) chattels
C) real estate
D) personal property

4. Written offers to purchase real estate in New Jersey must be presented to sellers within:

A) 5 days
B) 3 days
C) 48 hours
D) 24 hours

5. 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 reduce the contract sales price by the cost of correcting the defect.
B) must go through with the purchase because the house is being sold as is.
C) can void the contract due to the seller's failure to disclose the latent defect.
D) can force the seller to correct the defect.

Solutions: