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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following statements about branch offices is INCORRECT?

A) Two salespersons may be designated to share supervising responsibilities.
B) The name of the branch office supervisor must be recorded with the commission.
C) A licensed broker-salesperson must supervise the office on a full-time basis.
D) The employing broker is ultimately responsible for all licensees employed at the branch office.

2. 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

3. Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

A) cannot be taken because it belongs to Broker A.
B) should be turned into the MLS.
C) can be taken to the new firm so there is no interruption of service to the client.
D) should be given to the seller.

4. According to the New Jersey Law Against Discrimination, which of the following descriptions may be used in advertising properties in a townhome development?

A) Close to synagogues and churches
B) Ethnic neighborhood
C) Singles only
D) Senior housing

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

Solutions: