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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Under the New Jersey Real Estate Sales Full Disclosure Act, the Act does NOT apply to a development project:

A) where the purchaser's total financial obligation is less than $5,000.
B) already approved by the Department of Commerce.
C) extending over a 5 year period only.
D) consisting of 10 units.

2. A licensee lists a property with the knowledge that a major highway is projected to be built within fifty feet of the property and is instructed by the owner not to disclose this fact to prospective purchasers. The licensee should:

A) comply with the owner's instructions to avoid a violation of his fiduciary obligations to the owner
B) service the listing and disclose the information to prospective purchasers without the owner's knowledge
C) advise the seller that unless disclosure is permitted the licensee must refuse the listing
D) service the listing and disclose this information only when asked by a prospective purchaser

3. A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?

A) Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.
B) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.
C) No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.
D) No, because as an integrated club, they could discriminate on the basis of race in renting facilities.

4. A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):

A) Realtor
B) Licensed Realtor
C) Licensed Real Estate Broker
D) Real Estate Broker

5. The main purpose of a deed is to

A) convey title.
B) guarantee clear title.
C) record and acknowledge title transfer.
D) provide documentation of legal possession.

Solutions: