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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. The main purpose of a deed is to

A) guarantee clear title.
B) record and acknowledge title transfer.
C) provide documentation of legal possession.
D) convey title.

2. A buyer who is purchasing a property intends to build a chain link fence in the backyard. There is a 12-year- old deed restriction that prohibits chain link fences. The licensee finds out that there are no city codes prohibiting chain link fences. Which of the following statements regarding this situation is true?

A) This city code takes priority because deed restrictions expire 10 years after a subdivision is developed.
B) Deed restrictions always take priority over city codes.
C) This deed restriction is more restrictive and will, therefore, take precedence.
D) City code always takes priority over deed restrictions.

3. A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash.
The broker

A) may not accept the offer until the seller returns.
B) may sign a deed of conveyance if the seller does not return on time.
C) must forward the offer to the seller's attorney for consideration.
D) may accept the offer.

4. The feature that most distinguishes a joint tenancy from a tenancy in common is

A) right of transfer.
B) unity of possession.
C) undivided interests.
D) right of survivorship

5. A married couple is purchasing a home. They ask the salesperson to advise them regarding the best way to take title. The salesperson should

A) decline to advise them and suggest that they consult an attorney.
B) ask a broker to make a recommendation.
C) advise them to take title as tenants by the entirety.
D) explain the possible types of joint ownership so they understand the options.

Solutions: