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[General] Valid Exam New-Jersey-Real-Estate-Salesperson Practice & Latest New-Jersey-R

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【General】 Valid Exam New-Jersey-Real-Estate-Salesperson Practice & Latest New-Jersey-R

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Real Estate New Jersey Real Estate Salesperson Exam Sample Questions (Q63-Q68):NEW QUESTION # 63
A licensee faxes a list of available properties to prospective buyers. Which of the following is true?
  • A. The licensee must include only a phone number to reply.
  • B. The licensee's company's name does not need to be listed.
  • C. The fax must contain an opt-out provision for future communications.
  • D. The licensee must mail an identical list to all parties.
Answer: C
Explanation:
Under the federal Telephone Consumer Protection Act (TCPA) and Junk Fax Prevention Act:
Any unsolicited fax must include a clear opt-out provision allowing the recipient to request no further communications.
The fax must also identify the sender, including company name.
There is no requirement to mail identical lists.
Correct answer = A.
Reference: Telephone Consumer Protection Act (TCPA); Junk Fax Prevention Act; NJ Real Estate Salesperson Study Guide, Chapter on Advertising Rules.

NEW QUESTION # 64
A tenant has an option to purchase leased property. The price that the tenant will pay for the property is determined by the:
  • A. tenant, when the option is exercised.
  • B. property's market value at the time of exercising the option.
  • C. terms specified in the option.
  • D. agreement, when the option is exercised.
Answer: C
Explanation:
An option to purchase is a contract where:
The terms and price are established upfront in the option agreement.
The tenant (optionee) has the unilateral right to exercise the option within the agreed period.
Market value or tenant's discretion does not determine the price unless specifically stated in the option.
Correct answer = A.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Contracts and Options.

NEW QUESTION # 65
The primary intent of the statute of frauds is to:
  • A. reduce real estate contracts to writing.
  • B. protect the rights of buyers who are disabled.
  • C. protect licensees from fraudulent activity.
  • D. enforce oral agreements beyond 1 year.
Answer: A
Explanation:
The Statute of Frauds (as adopted in New Jersey) requires that certain contracts be in writing to be enforceable, including:
Contracts for the sale of real estate.
Leases longer than 3 years.
Certain other long-term agreements.
Its purpose is to prevent fraud and misunderstandings by requiring written evidence of important contracts.
Reference: N.J.S.A. 25:1-13; NJ Real Estate Salesperson Study Guide, Chapter on Contracts.

NEW QUESTION # 66
Which of the following differentiates a bilateral contract from a unilateral contract?
  • A. relative value of the object of the contract
  • B. performance obligations of the parties
  • C. type of property specified in the contract
  • D. number of parties involved
Answer: B
Explanation:
A bilateral contract involves mutual promises where both parties are obligated to perform (e.g., a sales contract: buyer promises to pay, seller promises to transfer title).
A unilateral contract involves only one party making a promise contingent on the performance of the other (e.
g., an option contract).
Thus, the key difference is performance obligations of the parties.
Correct answer = B.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Contracts.

NEW QUESTION # 67
A buyer's agent is NOT permitted to tell a buyer that:
  • A. the property was the scene of a serious crime
  • B. the seller is willing to accept less than the listing price because of financial circumstances
  • C. the roof leaked recently but was patched by the owner
  • D. a former occupant of a property had AIDS
Answer: D
Explanation:
Under federal Fair Housing Law (1988 Amendments) and NJ Law Against Discrimination:
Licensees are prohibited from disclosing that a property was occupied by someone with HIV/AIDS. Such disclosure is considered discrimination against persons with disabilities.
Material defects (e.g., roof leaks) must be disclosed.
Stigmatized property issues (e.g., crime scenes) do not legally require disclosure in NJ, but agents may discuss if asked.
Disclosing the seller's willingness to accept less is allowed only with the seller's consent.
Correct prohibited disclosure = B.
Reference: Fair Housing Amendments Act (1988); NJ Law Against Discrimination; NJ Real Estate Salesperson Study Guide, Chapter on Fair Housing and Disclosure.

NEW QUESTION # 68
......
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