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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:

A) real estate
B) chattels
C) personal property
D) trade fixtures

2. The common area of a condominium development is owned by:

A) any individuals who pay a prorated share of the taxes and maintenance.
B) all owners as tenants in common.
C) those owners who were original owners of the units.
D) its duly elected Board of Directors.

3. Are electronic signatures enforceable on a real estate contract?

A) Yes, because they are allowed by the federal government.
B) No, because they must be signed and witnessed.
C) Yes, because they are legal in real estate transactions.
D) No, because they are only allowed on deeds.

4. A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?

A) The lease is assigned to the new owner.
B) The lease expires and the tenant must move.
C) The tenant and the new owner must negotiate a new lease.
D) The new owner has the option of canceling the lease or accepting the lease.

5. A tenant has a commercial lease that requires that the tenant pay taxes, insurance, maintenance, and parking lot repairs. What kind of lease does the tenant have?

A) percentage
B) ground
C) gross
D) net

Solutions: