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COLIBRI REAL ESTATE NJ Salesperson READINESS ASSESSMENT GUIDE Q & S 2026/2027
1. When considering land use controls, which of the following is an
example of police power?
A) Eminent domain
B) Escheat
C) Zoning ordinances
D) Deed restrictions
Answer: C) Zoning ordinances
2. A fiduciary duty requires a real estate agent to disclose which of
the following to their client?
A) Their commission rate
B) All offers received
C) Personal interest in the property
D) All of the above
Answer: D) All of the above
3. Which appraisal method estimates the value of a property by
comparing it to similar properties with known sale prices?
A) Cost approach
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