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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A low loan-to-value ratio indicates a:

A) greater use of leverage.
B) lower equity in the property.
C) greater risk of foreclosure.
D) higher equity in the property.

2. In surveying, monuments are used to establish:

A) a common address
B) historical sites
C) flood elevation
D) real estate boundaries

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

4. 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.

5. Which of the following is a radioactive odorless gas which may require mitigation?

A) formaldehyde
B) asbestos
C) radon
D) carbon monoxide

Solutions: