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Real Estate New Jersey Real Estate Salesperson Sample Questions:

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

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

2. The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:

A) only cash offers to the seller.
B) the highest cash offer to the seller.
C) all offers to the seller.
D) the highest offer to the seller.

3. A landlord may require that a disabled tenant

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

4. A seller is offering his property for sale in as-is condition. A buyer enters into a contract with the seller and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller. The buyer:

A) can reduce the contract sales price by the cost of correcting the defect.
B) can void the contract due to the seller's failure to disclose the latent defect.
C) can force the seller to correct the defect.
D) must go through with the purchase because the house is being sold as is.

5. 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?

A) 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.
B) The buyer's broker can provide samples so that when the licensee and the borrower prepare the forms they are following a good example.
C) The managing broker should train licensees to advise borrowers to accept the Loan Estimate right away.
D) 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.

Solutions: