Real Estate New Jersey Real Estate Salesperson : 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. The common area of a condominium development is owned by:

A) all owners as tenants in common.
B) those owners who were original owners of the units.
C) its duly elected Board of Directors.
D) any individuals who pay a prorated share of the taxes and maintenance.

2. Last year, an apartment building had a net operating income of $174,000. If a potential buyer is looking for a capitalization rate of 8%, how much should the buyer be willing to pay for the building?

A) $2,175,000
B) $1,392,000
C) $174,000
D) $139,200

3. A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee's city. Which type of agreement would protect the buyer from owing multiple commissions?

A) exclusive agency representation
B) nonexclusive buyer-agency
C) exclusive right to sell
D) nonexclusive right-to-lease

4. Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:

A) steering
B) puffing
C) blockbusting
D) redlining

5. A licensee faxes a list of available properties to prospective buyers. Which of the following is true?

A) The licensee's company's name does not need to be listed.
B) The fax must contain an opt-out provision for future communications.
C) The licensee must mail an identical list to all parties.
D) The licensee must include only a phone number to reply.

Solutions: