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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A tenant has a commercial lease that requires that the tenant pay taxes, insurance, maintenance, and parking lot repairs. What kind of lease does the tenant have?

A) net
B) percentage
C) ground
D) gross

2. The feature that most distinguishes a joint tenancy from a tenancy in common is

A) unity of possession.
B) undivided interests.
C) right of transfer.
D) right of survivorship

3. The primary intent of the statute of frauds is to:

A) protect licensees from fraudulent activity.
B) enforce oral agreements beyond 1 year.
C) reduce real estate contracts to writing.
D) protect the rights of buyers who are disabled.

4. A licensee listed a house for $187,500, and a dual agency does not exist. A buyer is willing to offer $184,000.
The licensee explains that the seller will take no less than $186,500. The buyer agrees to offer $186,500. Did the licensee act properly?

A) No, the licensee should have accepted the first offer and persuaded the seller to accept it.
B) Yes, to ensure acceptance of an offer, the licensee needed to disclose the lowest price the seller would accept.
C) No, the licensee should not have disclosed that the seller would accept less than the listing price.
D) Yes, because the licensee persuaded the buyer to raise the price $2,500.

5. 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) in gross
C) appurtenant
D) by prescription

Solutions: