New Jersey Real Estate Salesperson Exam Version 4
Practice exam for Salesperson and Broker License Exam under Real Estate Exams (Licensing Exams). 5 sample questions.
Sample Questions
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Question 1
In advertisements of individual salespersons, which of the following is permitted?
Correct Answer: D
Rationale: Real estate advertising regulations typically require that a salesperson's advertisements clearly indicate their affiliation with their sponsoring broker. Linking a personal webpage to the broker's official website is a common and permitted way to ensure this transparency, as it clearly identifies the brokerage. Other options are often restricted or prohibited to avoid misleading the public.
Rationale: Real estate advertising regulations typically require that a salesperson's advertisements clearly indicate their affiliation with their sponsoring broker. Linking a personal webpage to the broker's official website is a common and permitted way to ensure this transparency, as it clearly identifies the brokerage. Other options are often restricted or prohibited to avoid misleading the public.
Question 2
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:
Correct Answer: C
Rationale: A buyer-broker represents the buyer and owes fiduciary duties solely to them. While they cooperate with the listing broker, they do not act as a subagent of the seller or owe fiduciary obligations to the seller; their loyalty remains with their buyer-client.
Rationale: A buyer-broker represents the buyer and owes fiduciary duties solely to them. While they cooperate with the listing broker, they do not act as a subagent of the seller or owe fiduciary obligations to the seller; their loyalty remains with their buyer-client.
Question 3
Employment agreements between salespersons and their employing brokers must include the
Correct Answer: B
Rationale: Real estate licensing laws often require that employment agreements between brokers and their salespersons clearly specify the compensation structure, including the rate of commissions or other remuneration to be paid upon the termination of employment.
Rationale: Real estate licensing laws often require that employment agreements between brokers and their salespersons clearly specify the compensation structure, including the rate of commissions or other remuneration to be paid upon the termination of employment.
Question 4
A licensee has an exclusive buyer agency agreement in place. The buyer signs a contract to purchase through a different licensee at an open house. Because of the buyer's agency agreement, which of the following is true?
Correct Answer: C
Rationale: In an exclusive buyer agency agreement, the buyer generally commits to working exclusively with that agent and typically owes the agent a commission if they purchase a property during the agreement term, regardless of who found the property or through whom the transaction was completed.
Rationale: In an exclusive buyer agency agreement, the buyer generally commits to working exclusively with that agent and typically owes the agent a commission if they purchase a property during the agreement term, regardless of who found the property or through whom the transaction was completed.
Question 5
Which of the following is a radioactive odorless gas which may require mitigation?
Correct Answer: A
Rationale: Radon is a naturally occurring radioactive gas that is odorless, colorless, and tasteless. It can accumulate in homes and is a known health hazard, often requiring mitigation measures to reduce indoor levels.
Rationale: Radon is a naturally occurring radioactive gas that is odorless, colorless, and tasteless. It can accumulate in homes and is a known health hazard, often requiring mitigation measures to reduce indoor levels.