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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. In commercial property leasing, listing agents should ensure that the owner complies with:

A) market lease rates
B) their fiduciary responsibilities to the tenant
C) state and federal Fair Housing laws
D) the Americans with Disabilities Act

2. Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

A) Follow up on loan applications with lenders
B) Place signs on properties
C) Type contracts for approval
D) Make telephone calls to request rent payments

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

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

4. In advertisements of individual salespersons, which of the following is permitted?

A) Linking a personal real estate webpage to the salesperson's broker's website.
B) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.
C) Including reference to a home office.
D) Placing the real estate office sign on a personal residence.

5. A low loan-to-value ratio indicates a:

A) lower equity in the property.
B) greater use of leverage.
C) higher equity in the property.
D) greater risk of foreclosure.

Solutions: