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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?

A) 2 acres
B) 1 acre
C) 8 acres
D) 4 acres

2. In advertisements of individual salespersons, which of the following is permitted?

A) Placing the real estate office sign on a personal residence.
B) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.
C) Including reference to a home office.
D) Linking a personal real estate webpage to the salesperson's broker's website.

3. 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) $174,000
C) $139,200
D) $1,392,000

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

5. A landlord may require that a disabled tenant

A) remove the wheelchair ramp from the apartment upon vacating the unit.
B) pay an additional fee for using the swimming pool to cover the added insurance cost.
C) pay double the usual $500 security deposit.
D) not install grab bars in the tile shower if drilling holes in the tile is required.

Solutions: