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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to

A) obtain the consent of the listing broker.
B) secure the seller's initials confirming the revision.
C) prepare a separate addendum that reflects the revision.
D) verbally inform any buyer's agent of the proposed revision.

2. A landlord may require that a disabled tenant

A) pay an additional fee for using the swimming pool to cover the added insurance cost.
B) not install grab bars in the tile shower if drilling holes in the tile is required.
C) pay double the usual $500 security deposit.
D) remove the wheelchair ramp from the apartment upon vacating the unit.

3. The main purpose of a deed is to

A) guarantee clear title.
B) convey title.
C) provide documentation of legal possession.
D) record and acknowledge title transfer.

4. The primary intent of the statute of frauds is to:

A) protect licensees from fraudulent activity.
B) reduce real estate contracts to writing.
C) protect the rights of buyers who are disabled.
D) enforce oral agreements beyond 1 year.

5. An appraisal made by a certified appraiser is required:

A) before real property can transfer from one owner to another.
B) when the buyer is using an FHA loan to purchase.
C) when heirs receive property.
D) before any property settlement in a divorce.

Solutions: