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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following actions is a function of a municipal planning board?

A) Prescribing and controlling the development and use of all land in a municipality
B) Approving a variance for an addition to a garage on a residential property
C) Unilaterally approving subdivisions in a jurisdiction
D) Creating a master plan for all the land in a particular county

2. 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 licensed real estate broker
B) a certified appraiser
C) any real estate licensee, in each state in which the licensee is licensed
D) a Certified Public Accountant

3. Rents on a duplex total $600 monthly and are due the first of each month. If the sale of the duplex closes on the 15th of a month, the rental income will be reflected on the closing statement as a

A) credit of $600 to the seller only.
B) credit of $600 to the buyer only.
C) debit to the seller of $300 and a credit to the buyer of $300.
D) credit to the seller of $300 and a debit to the buyer of $300.

4. A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when:

A) the licensee discloses the interest in the company to the client
B) the client does not ask for other recommendations
C) the licensee does not know any of the other title companies in the area
D) it is in the best interest of the client

5. If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee's webpage must display the name of the broker as well as the

A) broker's telephone number.
B) address of the broker's main office.
C) broker's email address.
D) address of the branch office from which the licensee operates.

Solutions: