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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question 1

A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:

A. suspend the salesperson's license
B. notify the salesperson's employing broker of the circumstances pertaining to the conviction
C. revoke the salesperson's license
D. determine, at its discretion, what disciplinary action to take against the salesperson

Question 2

Which of the following is a permitted free offering?

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

Question 3

A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

A. deduct the amount collected from the commission or settlement
B. retain the difference between the amount of money collected and the amount spent
C. give the principal receipts for all expenditures
D. furnish within ninety days of its collection an accounting of how the money was used

Question 4

Which of the following statements about branch offices is INCORRECT?

A. A licensed broker-salesperson must supervise the office on a full-time basis.
B. The employing broker is ultimately responsible for all licensees employed at the branch office.
C. The name of the branch office supervisor must be recorded with the commission.
D. Two salespersons may be designated to share supervising responsibilities.

Question 5

A buyer wants to purchase a home for $400,000 with a 15% down payment. The lender charges 1.5 points.
How much money does the buyer need up front to make the purchase?

A. $65,100
B. $60,900
C. $60,000
D. $66,000

Solutions: