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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. When buyers move into their new house, they see that the ceiling fan in the dining room is gone. The ceiling fan was not mentioned in the offer to purchase. Did the sellers have the right to take the ceiling fan?

A) Yes, because it was not referenced in the contract.
B) No, because it was a fixture in the house.
C) No, because it was chattel.
D) Yes, because it was the sellers' personal property.

2. A purchase money note need NOT contain the:

A) loan-to-value ratio.
B) principal amount of the loan.
C) time and method of payment.
D) rate of interest.

3. The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:

A) by prescription
B) by necessity
C) appurtenant
D) in gross

4. Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:

A) puffing
B) redlining
C) blockbusting
D) steering

5. A salesperson working with buyers secures an offer on a property. The offer calls for an initial deposit of
$1,000 to be held in escrow. The salesperson instructs the buyer to issue a personal check in that amount payable to the salesperson. This action is

A) prohibited, because checks for deposits to be held in escrow may only be payable to the broker's escrow account.
B) permissible, because the salesperson is acting as agent for the broker.
C) permissible if the salesperson immediately writes a check for the deposit amount payable to their broker's escrow account.
D) prohibited, because the salesperson accepted a personal check.

Solutions: