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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. An intoxicated buyer made an offer on a house. The owners accepted the offer. This contract is

A) void.
B) unilateral.
C) voidable.
D) illegal.

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

3. Which of the following statements would most likely be considered mere "puffing"?

A) This lot has the most beautiful view of the lake.
B) Children from this neighborhood have the highest SAT scores.
C) The utility costs in this home are lower than in any other home in the neighborhood.
D) This area is expected to increase in value by 25% within the next year.

4. The heir to a large estate will be of legal age within 30 days. The heir lists for sale with a broker one of the properties held by the estate. The broker knows of a buyer for the property and sells it within 24 hours of listing, with closing to be in 45 days. Both listing and sale contracts are:

A) fulfilled
B) voidable
C) executory
D) executed

5. Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid
60% of the broker's share. The house was sold for $110,000. How much did the listing agent earn?

A) $3,980
B) $2,640
C) $1,320
D) $1,980

Solutions: