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Real Estate New Jersey Real Estate Salesperson Sample Questions:

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

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

2. Which of the following statements would most likely be considered mere "puffing"?

A) The utility costs in this home are lower than in any other home in the neighborhood.
B) This area is expected to increase in value by 25% within the next year.
C) Children from this neighborhood have the highest SAT scores.
D) This lot has the most beautiful view of the lake.

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 allows grandparents with grandchildren to be exempt from the provisions of the Act.
C) It requires that 55-and-older housing have significant facilities and services designed for seniors.
D) It requires that at least 80% of occupied units have one person age 55 or older living there.

4. A buyer who is purchasing a property intends to build a chain link fence in the backyard. There is a 12-year- old deed restriction that prohibits chain link fences. The licensee finds out that there are no city codes prohibiting chain link fences. Which of the following statements regarding this situation is true?

A) Deed restrictions always take priority over city codes.
B) This deed restriction is more restrictive and will, therefore, take precedence.
C) This city code takes priority because deed restrictions expire 10 years after a subdivision is developed.
D) City code always takes priority over deed restrictions.

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

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

Solutions: