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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. The best way to research the previous owners of the property would be to research the:

A) abstract
B) chain of title
C) lien records
D) grantor

2. Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid
60% of the broker's share. The house was sold for $110,000. How much did the listing agent earn?

A) $1,320
B) $1,980
C) $3,980
D) $2,640

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

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

4. Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

A) can be taken to the new firm so there is no interruption of service to the client.
B) should be turned into the MLS.
C) cannot be taken because it belongs to Broker A.
D) should be given to the seller.

5. A buyer-broker locates a property that is listed with another broker. The buyer makes an offer through the buyer-broker and an agreement of sale results. In this situation, the buyer-broker is acting as a:

A) representative of the seller and owes no fiduciary obligations to the buyer
B) representative of the buyer and owes no fiduciary obligations to the seller
C) subagent of the listing broker
D) referring broker with the listing broker

Solutions: