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Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. A purchase money note need NOT contain the:
A) loan-to-value ratio.
B) principal amount of the loan.
C) rate of interest.
D) time and method of payment.
2. In advertisements of individual salespersons, which of the following is permitted?
A) Linking a personal real estate webpage to the salesperson's broker's website.
B) Including reference to a home office.
C) Placing the real estate office sign on a personal residence.
D) Having the broker's name appear in smaller print than the salesperson's name in a newspaper ad.
3. A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?
A) Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.
B) No, because as an integrated club, they could discriminate on the basis of race in renting facilities.
C) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.
D) No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.
4. A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):
A) Realtor
B) Real Estate Broker
C) Licensed Real Estate Broker
D) Licensed Realtor
5. As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:
A) filed plat map identifying the location of the property being bought or leased
B) Statement of Record filed by the developer with the Commission
C) deed or other instrument establishing title in the name of the developer
D) New Jersey Public Offering Statement approved by the Commission
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |




