NJ REAL ESTATE PRACTICE EXAM WITH ANSWERS

NJ REAL ESTATE PRACTICE EXAM WITH ANSWERS
Question : A secretary in a real estate office who does
NOT have a real estate license may
Correct answer: perform bookkeeping functions
concerning escrowed funds
Question : When a land owner uses his land as security
for a loan, the encumbrance created is called
Correct answer: A mortgage or deed of trust lien
Question : Under the New Jersey Licensing Law, which
of the following is an unlicensed assistant or secretary
NOT permitted to do?
Correct answer: Collect rents from tenants
Question : IN order to collect a commission, which of the
following is a REQUIREMENT for a broker with an open
listing?

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