Real Estate New-Jersey-Real-Estate-Salesperson Questions & Answers - in .pdf
- Total Q&A: 122
- Update: Jul 05, 2026
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- Vendor: Real Estate
- Exam Code: New-Jersey-Real-Estate-Salesperson
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- Total Q&A: 122
- Update: Jul 05, 2026
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- Vendor: Real Estate
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Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. Which of the following items would be prorated at closing with the credit going to the seller?
A) prepaid property taxes
B) earnest money
C) unearned rent collected in advance
D) accrued interest on an assumed mortgage
2. A licensee lists a property with the knowledge that a major highway is projected to be built within fifty feet of the property and is instructed by the owner not to disclose this fact to prospective purchasers. The licensee should:
A) comply with the owner's instructions to avoid a violation of his fiduciary obligations to the owner
B) service the listing and disclose the information to prospective purchasers without the owner's knowledge
C) service the listing and disclose this information only when asked by a prospective purchaser
D) advise the seller that unless disclosure is permitted the licensee must refuse the listing
3. The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:
A) appurtenant
B) by prescription
C) in gross
D) by necessity
4. A city has built a new library and has contacted the broker to list and sell the old library building. Which approach should the broker use to estimate the fair market value for the purpose of listing and selling this property?
A) replacement cost
B) sales comparison
C) income approach
D) gross rent multiplier
5. 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) secure the seller's initials confirming the revision.
B) prepare a separate addendum that reflects the revision.
C) verbally inform any buyer's agent of the proposed revision.
D) obtain the consent of the listing broker.
Solutions:
Question # 1
Answer: A | Question # 2
Answer: D | Question # 3
Answer: C | Question # 4
Answer: A | Question # 5
Answer: A |
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