Master Real Estate Licensing New Jersey Real Estate Salesperson Exam with Reliable Practice Questions
Upgrade to PremiumA seller refuses to honor a sales agreement. The buyer could seek specific performance, which is a legal request to:
Correct : C
Specific performance is a legal remedy requiring a party to perform as agreed in the contract, rather than just pay damages.
In real estate, because every parcel of land is unique, buyers often sue for specific performance to force the seller to transfer the property.
Options A and B describe rescission and compensatory damages.
Punitive damages are rare in contract law.
Correct answer = C.
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Salesperson P leaves the employ of Broker
Correct : B
All listings are taken in the name of the broker, not the salesperson.
When a salesperson leaves a brokerage, the listing remains the property of the broker.
The client may choose to cancel the listing and re-list with the new broker, but the listing file cannot be taken by the departing salesperson.
Correct answer = B.
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Are electronic signatures enforceable on a real estate contract?
Correct : B
Electronic signatures are legally enforceable under the federal Electronic Signatures in Global and National Commerce Act (E-SIGN Act, 2000) and the New Jersey Uniform Electronic Transactions Act (UETA, N.J.S.A. 12A:12-1 et seq.).
These laws confirm that electronic signatures are valid and binding in real estate contracts, listings, leases, and other documents.
They are not restricted to deeds, and do not require witnessing to be valid.
Therefore, the correct answer is B.
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According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer
Correct : D
New Jersey law (P.L. 2009, c. 273; NJ Real Estate Licensing Law) permits brokers to rebate a portion of their commission to a buyer provided that:
The rebate does not constitute a violation of RESPA or other federal laws.
The terms of the rebate are disclosed in writing to the buyer prior to closing.
The rebate must be documented in the transaction records maintained by the broker.
There is no statutory 50% cap, and it does not have to be written directly into the contract of sale. It is also not limited to the broker personally---salespersons may provide a rebate under the broker's supervision.
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A landlord may require that a disabled tenant
Correct : C
Under the Federal Fair Housing Act (as applied in New Jersey), landlords must permit disabled tenants to make reasonable modifications to the premises at the tenant's expense, such as installing ramps or grab bars.
However:
The landlord cannot charge additional fees (answers A and B are discriminatory).
The landlord cannot prohibit installation of necessary accessibility aids (answer D is illegal).
The landlord can require the tenant to restore the property to its original condition upon vacating, which includes removing modifications such as ramps if they were installed.
Therefore, the correct answer is C.
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