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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. The Multiple Listing Service (MLS) board members decided that the population of each area of the city would be best served by the brokerages who have offices actually located within those areas. The board established boundaries dividing the city into six districts and voted to limit listings for each district to only those brokerages with offices within the district. Brokerages who tried to advertise beyond their own district would be prohibited from listing properties in the MLS. This action violates what Real Estate Law?

A) Diversity Jurisdiction
B) Civil Rights Act
C) Housing and Community Development Act of 1974
D) Sherman Anti-trust Act

2. Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

A) Make telephone calls to request rent payments
B) Place signs on properties
C) Follow up on loan applications with lenders
D) Type contracts for approval

3. A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?

A) 8 acres
B) 1 acre
C) 2 acres
D) 4 acres

4. Salesperson P leaves the employ of Broker A. One of the listings at Broker A's firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

A) can be taken to the new firm so there is no interruption of service to the client.
B) should be given to the seller.
C) should be turned into the MLS.
D) cannot be taken because it belongs to Broker A.

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

Solutions: