Try Real Estate : New-Jersey-Real-Estate-Salesperson valid & accurate questions and answers
Updated: Jun 03, 2026
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Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. Who may give a supportable opinion of market value to be used in seeking a federally-related loan to finance a real estate transaction?
A) a Certified Public Accountant
B) a certified appraiser
C) a licensed real estate broker
D) any real estate licensee, in each state in which the licensee is licensed
2. A broker maintains a real estate agency and terminated two salespersons. In this situation, the broker is REQUIRED to take all the following actions with regard to these two salespersons EXCEPT:
A) provide each with a written accounting of all monies due each salesperson.
B) permit them to remove original sales or listing contracts from the broker's office.
C) pay any undisputed compensation due within ten days of the broker's receipt of such funds.
D) abide by the post-termination compensation clause contained in their employment agreements or provide a written explanation for not doing so.
3. The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:
A) by necessity
B) appurtenant
C) in gross
D) by prescription
4. A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If accepted, which of the following will be true?
A) The loan will still be assumable.
B) Because it is voluntary, it will not be an adverse item on the buyer's credit.
C) The lender will take the title subject to any junior liens.
D) The lender will usually retain rights under mortgage insurance or VA guarantee.
5. When MUST a listing broker provide a copy of a fully executed written listing agreement to the owner?
A) Within five business days of execution of the listing agreement
B) Within three days of execution of the listing agreement by registered mail, return-receipt-requested
C) At the time of presentation of a written offer
D) Upon execution of the listing agreement by all parties
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |
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