New Jersey Real Estate Practice Exam

New Jersey Real Estate Practice Exam
1. Which of the following entries satisfies the requirement that an advertisement show that the
broker is in the real estate brokerage business?
A. J. Jones Realty
B. J. Jones, Real Properties
C. J. Jones, Real Estate Agency
D. J. Jones, Real estate Ventures
Answer: C All ads must indicate the name of the brokerage company followed by a term such as
REALTOR, Realtist, real estate broker, or real estate agency.
2. A manager rents a unit to a tenant who later has a car accident and is confined to a wheelchair.
The tenant now wants the manager to lower all the light switches and install grab bars. Does the
manager have to make these modifications?
A. No, the tenant can modify the unit and deduct the cost from rent.
B. No, the tenant can modify the unit at his expense and will be responsible for restoring the
unit.
C. Yes, because the landlord is responsible for keeping the units in a habitable condition
D. Yes, but only if the term of the lease is for more than one year.
Answer B
3. According to the New Jersey Real Estate Licensing Law, what is the maintenance requirement for
all records of real estate transactions?
A. Files must be able to be reproduced on paper for review by the Commission.
B. Files must be kept on paper, and available for review for up to 10 years.
C. Files must be submitted electronically to the Commission.
D. Files must be kept on premises and available to the public at any time.
Answer D All records and files must be available for inspection at any time by the commission,
and they always remain the property of the broker.
4. May a New Jersey real estate licensee decline to cooperate with other New Jersey licensees?
A. Yes, if the client directs the licensee according to New Jersey regulations.
B. Yes, if the client gives verbal direction not to cooperate.
C. Yes, the brother directs the salesperson not to cooperate
D. No, licensees are required to cooperate under all circumstances.
Answer A The agent is obligated to obey the principle’s lawful instructions.