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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. A private integrated club refused to rent one of its condos to a minority family. The club explained that it did not rent the condos to the public since the condos were for members only. Is the club in violation of the federal Fair Housing Act, and if so, how?

A) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.
B) No, because as an integrated club, they could discriminate on the basis of race in renting facilities.
C) No, because a private club may restrict the rental of its own lodgings to its members as long as the lodgings are not operated commercially.
D) Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.

2. A real estate broker's maintained place of business MUST conspicuously display on the exterior the broker's name and the word(s):

A) Realtor
B) Licensed Realtor
C) Real Estate Broker
D) Licensed Real Estate Broker

3. The Freshwater Wetlands Protection Act of 1987 is a New Jersey law that:

A) requires the registration of residential development projects with the New Jersey Department of Community Affairs
B) empowers the New Jersey Department of Environmental Protection to acquire title to certain real estate for less than its fair market value through condemnation
C) restricts development of real estate in certain designated areas
D) requires environmental impact statements to be filed with the New Jersey Department of Environmental Protection before title to developed real estate can be transferred

4. Which of the following statements would most likely be considered mere "puffing"?

A) This area is expected to increase in value by 25% within the next year.
B) This lot has the most beautiful view of the lake.
C) The utility costs in this home are lower than in any other home in the neighborhood.
D) Children from this neighborhood have the highest SAT scores.

5. Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

A) collecting a commission as a broker from both parties to a transaction while representing both parties as their agent
B) payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state
C) delivering a consumer information statement to a seller after having made a listing presentation
D) failing to provide a client with a copy of the signed exclusive listing contract

Solutions: