Real Estate New-Jersey-Real-Estate-Salesperson

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following can hold escrow accounts?

A) banks, brokers, and attorneys
B) salespersons, brokers, and lenders
C) lenders, brokers, and real estate commissions
D) banks, salespersons, and title companies

2. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:

A) the highest cash offer to the seller.
B) only cash offers to the seller.
C) the highest offer to the seller.
D) all offers to the seller.

3. The feature that most distinguishes a joint tenancy from a tenancy in common is

A) undivided interests.
B) right of survivorship
C) right of transfer.
D) unity of possession.

4. A Seller's Property Disclosure form states that there are no known material defects with the property, but the listing licensee is aware of asbestos wrapped duct pipes in the basement. The licensee should:

A) suggest to the seller wrap the pipes to contain potential airborne contamination.
B) suggest the buyers have a home inspection and leave discovery up to the inspector.
C) disclose the existence of asbestos to all potential buyers.
D) ask the seller's permission to disclose and abide by the seller's wishes.

5. 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) 4 acres
D) 2 acres

Solutions: