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

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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?

A) $1,060,500
B) $766,000
C) $914,760
D) $1,354,500

2. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) exclusive right to sell
B) nonexclusive buyer-agency
C) exclusive agency representation
D) nonexclusive right-to-lease

3. After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?

A) contribution
B) anticipation
C) change
D) highest and best use

4. Standard title insurance would protect a buyer:

A) if after closing, the HOA placed a lien on the property for the previous owners' unpaid dues.
B) for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.
C) in a purchase where the buyer had knowledge of a shed violating setback requirements.
D) when the seller has forged an ex-partner's signature on the deed.

5. Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:

A) they need not do so, because if radon were present, there would be an odor that would make it easy to detect.
B) it is unlikely that radon would be a problem in that area.
C) as long as they are non-smokers, it should not be an issue.
D) they should do so, because radon is now considered to be one of the causes of lung cancer.

Solutions: