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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:

A) personal property
B) chattels
C) real estate
D) trade fixtures

2. A subordination agreement is used to:

A) initiate foreclosure proceedings.
B) assign rents to the lender in case of borrower default.
C) pledge property for a loan without giving up possession.
D) change the priority of mortgages.

3. A Seller's Property Disclosure form states that there are no known material defects with the property, but the listing licensee is aware of asbestos wrapped duct pipes in the basement. The licensee should:

A) disclose the existence of asbestos to all potential buyers.
B) suggest to the seller wrap the pipes to contain potential airborne contamination.
C) suggest the buyers have a home inspection and leave discovery up to the inspector.
D) ask the seller's permission to disclose and abide by the seller's wishes.

4. A broker is offering a $100 gift certificate at a jewelry store to all sellers who list with the broker during a specified time period. According to the New Jersey Real Estate License Law, such a promotion is prohibited because it:

A) discriminates against sellers whose religion prohibits the wearing of jewelry
B) discriminates against sellers who do not list with the broker during the specified time period
C) makes the receipt of the free offering contingent upon sellers listing their properties with the broker
D) offers compensation for brokerage activity to unlicensed persons

5. A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?

A) easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement
B) easement appurtenant because it cannot run with the land
C) easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements
D) easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property

Solutions: