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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 licensee must provide a Consumer Information Statement in all of the following transactions EXCEPT the:

A. sale of a three-family house in a mixed-use zone
B. sublease of a studio apartment for two months
C. sale of a vacant one-family lot
D. lease of a three-bedroom apartment for one year

Question 2

A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?

A. 8 acres
B. 1 acre
C. 2 acres
D. 4 acres

Question 3

Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:

A. redlining
B. puffing
C. blockbusting
D. steering

Question 4

A lender may add 1/12th of the estimated cost of the annual property taxes and hazard insurance on the mortgaged property to the monthly loan payment for deposit in:

A. an adjustment account
B. a PMI account
C. an impound, escrow, or reserve account
D. a margin account

Question 5

Which of the following differentiates a bilateral contract from a unilateral contract?

A. performance obligations of the parties
B. number of parties involved
C. type of property specified in the contract
D. relative value of the object of the contract

Solutions: