help a neighbor sell his or her house in return for a used car.
negotiate the purchase of vacant land on behalf of a developer in return for one lot.
draw up a binding lease for a new tenant in a property the resident owns.
charge a fee for selling someone else’s pizza business, including name, ovens, truck, and small building.
negotiate the purchase of vacant land on behalf of a developer in return for one lot.
draw up a binding lease for a new tenant in a property the resident owns.
charge a fee for selling someone else’s pizza business, including name, ovens, truck, and small building.
Question 3
Question
A real estate license is valid for
Answer
six months.
one year.
two years
life
Question 4
Question
According to the law, to obtain a salesperson’s license one must reach the age of
Answer
18
19
20
21
Question 5
Question
A broker must have completed how many hours of study beyond the original salesperson’s course?
Answer
30
75
150
165
Question 6
Question
The prelicense course must be taken over if the student does not apply for a license within
Answer
6 months
2 years
1 year
an unlimited amount of time
Question 7
Question
A nonresident broker requesting a New Jersey license must
Answer
Post a bond
Agree to be sued in NJ
Open an office in the state
Have a licensed NJ Broker as a sponsor
Question 8
Question
An honorably discharged war veteran with a service-connected wound or disability may
Answer
be exempt from payment of license fees.
obtain a license even if younger than 18.
be excused from taking the state licensing examination.
sell real estate and charge commissions without holding a real estate license.
Question 9
Question
The Real Estate Commission has how many members?
Answer
3
5
8
10
Question 10
Question
Continuing education courses must be taken
Answer
By all licensees
for an initial broker's license
within a year after license renewal
in every 2-year period
Question 11
Question
Which of the following are NEVER allowed to sell real estate without a license?
Answer
Banks
Insurance Brokers
Attorneys
Owners
Question 12
Question
If a principal broker dies, associated salespersons should promptly
Answer
change their affiliation to another firm.
have one of their members apply for a temporary broker’s license.