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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Which of the following actions is a function of a municipal planning board?

A) Unilaterally approving subdivisions in a jurisdiction
B) Prescribing and controlling the development and use of all land in a municipality
C) Approving a variance for an addition to a garage on a residential property
D) Creating a master plan for all the land in a particular county

2. A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

A) The lease expires and the tenant must move.
B) The lease is assigned to the new owner.
C) The tenant and the new owner must negotiate a new lease.
D) The new owner has the option of canceling the lease or accepting the lease.

3. Which of the following can hold escrow accounts?

A) banks, salespersons, and title companies
B) lenders, brokers, and real estate commissions
C) banks, brokers, and attorneys
D) salespersons, brokers, and lenders

4. An appraisal made by a certified appraiser is required:

A) before real property can transfer from one owner to another.
B) when heirs receive property.
C) before any property settlement in a divorce.
D) when the buyer is using an FHA loan to purchase.

5. A buyer who is purchasing a property intends to build a chain link fence in the backyard. There is a 12-year- old deed restriction that prohibits chain link fences. The licensee finds out that there are no city codes prohibiting chain link fences. Which of the following statements regarding this situation is true?

A) City code always takes priority over deed restrictions.
B) Deed restrictions always take priority over city codes.
C) This city code takes priority because deed restrictions expire 10 years after a subdivision is developed.
D) This deed restriction is more restrictive and will, therefore, take precedence.

Solutions: