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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following differentiates a bilateral contract from a unilateral contract?

A) type of property specified in the contract
B) performance obligations of the parties
C) relative value of the object of the contract
D) number of parties involved

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

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

3. Which of the following best describes the Housing for Older Persons Act?

A) It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt.
B) It requires that at least 80% of occupied units have one person age 55 or older living there.
C) It requires that 55-and-older housing have significant facilities and services designed for seniors.
D) It allows grandparents with grandchildren to be exempt from the provisions of the Act.

4. Which action would be allowed according to the Federal Fair Housing law?

A) A lender receives notice that a loan application submitted on behalf of a client has been denied. The lender knew the borrower was well qualified, but is told that area is off limits for new loans because of its crime rate.
B) Broker A meets a new Hispanic buyer client. Broker B just sold a handful of condos to other Hispanic buyers in the Kentwood neighborhood, so broker A suggests the new buyer might be comfortable in that neighborhood.
C) A broker informs a potential seller that there is an influx of immigrants snatching up rentals in the neighborhood, so this would be a good time to sell.
D) A landlord receives a rental application from a prospective tenant, who came from Russia a few years ago to attend the local university. The lender denies the rental application after asking for the prospective tenant's visa and determines that it expires in 3 months.

5. As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:

A) deed or other instrument establishing title in the name of the developer
B) Statement of Record filed by the developer with the Commission
C) filed plat map identifying the location of the property being bought or leased
D) New Jersey Public Offering Statement approved by the Commission

Solutions: