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

2. A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to

A) prepare a separate addendum that reflects the revision.
B) secure the seller's initials confirming the revision.
C) verbally inform any buyer's agent of the proposed revision.
D) obtain the consent of the listing broker.

3. A landlord may require that a disabled tenant

A) not install grab bars in the tile shower if drilling holes in the tile is required.
B) pay double the usual $500 security deposit.
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. Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?

A) $914,760
B) $766,000
C) $1,354,500
D) $1,060,500

5. A seller refuses to honor a sales agreement. The buyer could seek specific performance, which is a legal request to:

A) collect punitive damages from the seller.
B) cancel all contractual obligations.
C) force the seller to complete the sales agreement.
D) receive monetary damages for losses suffered.

Solutions: