Get 2026 Most Reliable Real Estate New-Jersey-Real-Estate-Salesperson Training Materials [Q28-Q48]

January 16, 2026 admin 0 Comments

Rate this post

Get 2026 Most Reliable Real Estate New-Jersey-Real-Estate-Salesperson Training Materials

The Realest Study Materials New-Jersey-Real-Estate-Salesperson Dumps

Q28. As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:

Statement of Record filed by the developer with the Commission

New Jersey Public Offering Statement approved by the Commission

deed or other instrument establishing title in the name of the developer

filed plat map identifying the location of the property being bought or leased

Q29. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?

Obtain a building permit.

Obtain a modification to the local master plan.

Obtain a variance or special exception.

File an appeal with the local court.

Q30. A deposit check from a buyer paid upon the submission of an offer may be held without being deposited into the broker’s escrow account:

until negotiations are concluded and the seller has accepted the offer

until all inspections required by the contract have been performed

for no more than five business days after receipt of the money

for no more than five business days after the termination of the attorney review period

Q31. 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

broker’s telephone number.

broker’s email address.

address of the broker’s main office.

address of the branch office from which the licensee operates.

Q32. Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee’s best response would be to tell the buyers that:

it is unlikely that radon would be a problem in that area.

as long as they are non-smokers, it should not be an issue.

they should do so, because radon is now considered to be one of the causes of lung cancer.

they need not do so, because if radon were present, there would be an odor that would make it easy to detect.

Q33. A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

The lease is assigned to the new owner.

The lease expires and the tenant must move.

The tenant and the new owner must negotiate a new lease.

The new owner has the option of canceling the lease or accepting the lease.

Q34. A licensee must provide a Consumer Information Statement in all of the following transactions EXCEPT the:

sale of a vacant one-family lot

sale of a three-family house in a mixed-use zone

sublease of a studio apartment for two months

lease of a three-bedroom apartment for one year

Q35. A seller refuses to honor a sales agreement. The buyer could seek specific performance, which is a legal request to:

cancel all contractual obligations.

receive monetary damages for losses suffered.

force the seller to complete the sales agreement.

collect punitive damages from the seller.

Q36. A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If accepted, which of the following will be true?

Because it is voluntary, it will not be an adverse item on the buyer’s credit.

The lender will take the title subject to any junior liens.

The lender will usually retain rights under mortgage insurance or VA guarantee.

The loan will still be assumable.

Q37. A broker may legally refuse to accept a listing:

at any time, for any legitimate reason.

only if the owner’s instructions are illegal.

only if the seller cannot give clear title to the property.

under no circumstances; all owners are entitled to professional representation in the sale of their property.

Q38. If an owner wants to list a property for sale “as is,” the listing agent should:

assume that the owner will accept a relatively low price for the property.

assume that the house is a “fixer-upper.”

question the seller as to any known defects.

conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.

Q39. Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

The buyer’s broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.

Because the lender has primary responsibility to provide these forms, the broker and licensees should be aware of the items required for the lender to comply.

The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.

Because the listing broker will be primarily responsible for completing the Loan Estimate to send to the lender, the broker should train associated licensees to collect all the necessary information in a timely fashion.

Q40. 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

debit to the seller of $300 and a credit to the buyer of $300.

credit to the seller of $300 and a debit to the buyer of $300.

credit of $600 to the seller only.

credit of $600 to the buyer only.

Q41. 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:

service the listing and disclose the information to prospective purchasers without the owner’s knowledge

comply with the owner’s instructions to avoid a violation of his fiduciary obligations to the owner

advise the seller that unless disclosure is permitted the licensee must refuse the listing

service the listing and disclose this information only when asked by a prospective purchaser

Q42. New Jersey Real Estate Commission regulations require a licensee to terminate membership in a real estate board or multiple listing service whenever the organization:

suggests uniform commission rates among all member brokers

lobbies against legislation that the licensee personally favors

charges dues that the licensee feels are excessive

advocates rules, practices, and/or standards with which the licensee does not agree

Q43. A salesperson working with buyers secures an offer on a property. The offer calls for an initial deposit of
$1,000 to be held in escrow. The salesperson instructs the buyer to issue a personal check in that amount payable to the salesperson. This action is

prohibited, because the salesperson accepted a personal check.

permissible, because the salesperson is acting as agent for the broker.

prohibited, because checks for deposits to be held in escrow may only be payable to the broker’s escrow account.

permissible if the salesperson immediately writes a check for the deposit amount payable to their broker’s escrow account.

Q44. After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?

change

contribution

anticipation

highest and best use

Q45. Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?

$766,000

$914,760

$1,060,500

$1,354,500

Q46. Which of the following statements about branch offices is INCORRECT?

The name of the branch office supervisor must be recorded with the commission.

A licensed broker-salesperson must supervise the office on a full-time basis.

Two salespersons may be designated to share supervising responsibilities.

The employing broker is ultimately responsible for all licensees employed at the branch office.

Q47. A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker’s right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

must be compensated by the seller.

is only due compensation if the buyer purchases one of the broker’s listings.

is entitled to compensation even if the buyer purchases a property that they locate.

may not show a property to other buyers until the buyer decides if they want to make an offer.

Q48. 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?

1 acre

2 acres

4 acres

8 acres