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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A buyer's agent is NOT permitted to tell a buyer that:

A) a former occupant of a property had AIDS
B) the seller is willing to accept less than the listing price because of financial circumstances
C) the property was the scene of a serious crime
D) the roof leaked recently but was patched by the owner

2. A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If accepted, which of the following will be true?

A) Because it is voluntary, it will not be an adverse item on the buyer's credit.
B) The lender will usually retain rights under mortgage insurance or VA guarantee.
C) The loan will still be assumable.
D) The lender will take the title subject to any junior liens.

3. 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) Yes, because it was the sellers' personal property.
C) No, because it was a fixture in the house.
D) No, because it was chattel.

4. A buyer made an offer to purchase a home using a VA loan, but the property's appraised value was determined to be less than the contract price. If the buyer really wants the property, which of the following choices is the buyer's best option?

A) Hire an appraiser and see if a second appraisal yields a higher appraised value.
B) Do nothing, because the seller must sell the property at the appraised value.
C) Seek an FHA lender who will automatically make up the difference between the contract price and the appraised value.
D) Make up the difference between the contract price and appraised value in cash.

5. After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?

A) change
B) contribution
C) anticipation
D) highest and best use

Solutions: