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Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. Which of the following can hold escrow accounts?
A) lenders, brokers, and real estate commissions
B) banks, brokers, and attorneys
C) banks, salespersons, and title companies
D) salespersons, brokers, and lenders
2. Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:
A) trade fixtures
B) real estate
C) chattels
D) personal property
3. A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?
A) the offer most favorable to the seller, including price and all terms
B) the first offer received
C) the offer with the highest sale price
D) all three of the offers
4. Which of the following is a permitted free offering?
A) A coupon for discounted commission on listing services
B) A complimentary home warranty with every listing
C) Free use of a local moving van for all listings
D) A free dinner for attendees at a homebuyers' evening seminar
5. An intoxicated buyer made an offer on a house. The owners accepted the offer. This contract is
A) unilateral.
B) voidable.
C) void.
D) illegal.
Solutions:
Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |

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