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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. 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

A) broker's telephone number.
B) broker's email address.
C) address of the branch office from which the licensee operates.
D) address of the broker's main office.

2. A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):

A) Realtor
B) Real Estate Broker
C) Licensed Real Estate Broker
D) Licensed Realtor

3. Are electronic signatures enforceable on a real estate contract?

A) No, because they are only allowed on deeds.
B) Yes, because they are allowed by the federal government.
C) No, because they must be signed and witnessed.
D) Yes, because they are legal in real estate transactions.

4. The Multiple Listing Service (MLS) board members decided that the population of each area of the city would be best served by the brokerages who have offices actually located within those areas. The board established boundaries dividing the city into six districts and voted to limit listings for each district to only those brokerages with offices within the district. Brokerages who tried to advertise beyond their own district would be prohibited from listing properties in the MLS. This action violates what Real Estate Law?

A) Housing and Community Development Act of 1974
B) Civil Rights Act
C) Diversity Jurisdiction
D) Sherman Anti-trust Act

5. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

A) all three of the offers
B) the offer with the highest sale price
C) the first offer received
D) the offer most favorable to the seller, including price and all terms

Solutions: