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Exam (elaborations)

Nj Real Estate Exam Questions With Correct Answers..

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NJ REAL ESTATE EXAM QUESTIONS WITH CORRECT ANSWERS

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In New Jersey, the Private Well Testing Act (PWTA) requires:
A. the buyer to order the test
B. the selling broker to recommend sources of remediation
C. the buyer and seller to certify receipt of test results before title transfer
D. the seller to remediate if the well fails the test


Give this one a try later!


C. the buyer and seller to certify receipt of test results before title transfer




Which of the following is NOT an example of a fixture?
A. Antique chandelier.
B. Hot water heater.
C. Heirloom rosebush.
D. Cast iron garden bench.


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, B. Hot water heater




A secretary in a real estate office who does NOT have a real estate license may:
A. review the Consumer information Statement with a prospective buyer
B. perform bookkeeping functions concerning escrowed funds
C. sign escrow checks with the written authorization of the broker
D. disclose the current status of a commercial listing


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b. perform bookkeeping functions concerning escrowed funds




A neighborhood grocery store no longer complies with the law because a new
zoning ordinance is adopted so that the property is zoned for residential use.
Nevertheless, the owner "-
is allowed to continue to operate the grocery store. This is an example of
A. variance.
B. nonconforming use.
C. spot zoning.
D. a conditional-use permit.


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B. nonconforming use.




Written offers to purchase real estate in New Jersey must be presented to sellers
within:
A. 24hours
B. 48 hours

, C. 3days
D. 5 days


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A. 24 Hours




A Seller's Property Disclosure form states that there are no known material defects
with the property, but the listing licensee is aware of asbestos wrapped duct pipes in
the basement. The licensee should:
A. disclose the existence of asbestos to all potential buyers.
B. ask the seller's permission to disclose and abide by the seller's wishes.
C. suggest the buyers have a home inspection and leave discovery up to the
inspector.
D. suggest to the seller that he wrap the pipes to contain potential airborne
contamination.


Give this one a try later!


A. disclose the existence of asbestos to all potential buyers.




The broker has noticed that a great number of people who are buying in the
neighborhood where his listing is located speak Russian. He also noticed a Russian
grocery store right by the neighborhood that was attractive. He decides to stop the
advertising the property and started adverting the property on two different Russian
internet sites. This is:
1. Acceptable because it is not print media


2. Unacceptable due to its discriminatory nature


3. Acceptable if the advertisement includes no preferential language


4. The only appropriate way to market property in this neighborhood

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