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Real Estate New Jersey Real Estate Salesperson Sample Questions:

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

2. Are electronic signatures enforceable on a real estate contract?

A) Yes, because they are legal in real estate transactions.
B) No, because they are only allowed on deeds.
C) No, because they must be signed and witnessed.
D) Yes, because they are allowed by the federal government.

3. Which of the following is a permitted free offering?

A) A free dinner for attendees at a homebuyers' evening seminar
B) A coupon for discounted commission on listing services
C) A complimentary home warranty with every listing
D) Free use of a local moving van for all listings

4. In commercial property leasing, listing agents should ensure that the owner complies with:

A) market lease rates
B) their fiduciary responsibilities to the tenant
C) the Americans with Disabilities Act
D) state and federal Fair Housing laws

5. 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) $1,060,500
B) $914,760
C) $766,000
D) $1,354,500

Solutions: