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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) 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.
B) Yes, because when race is involved, no exceptions to the federal Fair Housing Act exist.
C) No, because as an integrated club, they could discriminate on the basis of race in renting facilities.
D) Yes, because the club had minority members, and therefore was not eligible for exemptions from the federal Fair Housing Act.


2. Which of the following differentiates a bilateral contract from a unilateral contract?

A) performance obligations of the parties
B) type of property specified in the contract
C) relative value of the object of the contract
D) number of parties involved


3. A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

A) furnish within ninety days of its collection an accounting of how the money was used
B) deduct the amount collected from the commission or settlement
C) give the principal receipts for all expenditures
D) retain the difference between the amount of money collected and the amount spent


4. If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee's webpage must display the name of the broker as well as the

A) broker's email address.
B) address of the branch office from which the licensee operates.
C) address of the broker's main office.
D) broker's telephone number.


5. Standard title insurance would protect a buyer:

A) if after closing, the HOA placed a lien on the property for the previous owners' unpaid dues.
B) when the seller has forged an ex-partner's signature on the deed.
C) for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.
D) in a purchase where the buyer had knowledge of a shed violating setback requirements.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: C
Question # 5
Answer: B

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