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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?

A) buy for less than $650 per month
B) owner willing to finance
C) FHA and VA financing available
D) assumable loan

2. A seller places a property on the market for sale at a certain price. A buyer sees the property and makes a written offer to purchase that is 90% of the asking price. The seller rejects that offer, but will accept an offer of 95% of the original asking price. The buyer rejects that counteroffer. The original offer is:

A) binding
B) irrevocable
C) rescinded
D) null and void

3. 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.

4. 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 prescription
B) in gross
C) by necessity
D) appurtenant

5. Which of the following statements in an advertisement would be an example of non-discriminatory language under HUD's Fair Housing Advertising Guidelines?

A) female seeking female roommate
B) located within walking distance to a great Catholic school
C) nice home ideal for any family with children
D) apartment available. No pets or children allowed

Solutions: