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Beschreibung
Quiz von Gail Hansche, aktualisiert more than 1 year ago
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Erstellt von Gail Hansche
vor fast 10 Jahre
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Frage 1
Frage
New Jersey’s real estate license law is known as
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the Statute of Frauds.
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Title VII
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Title 45
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The Law of Agency
Frage 2
Frage
A New Jersey resident does NOT need a license to
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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.
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negotiate the purchase of vacant land on behalf of a developer in return for one lot.
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draw up a binding lease for a new tenant in a property the resident owns.
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charge a fee for selling someone else’s pizza business, including name, ovens, truck, and small building.
Frage 3
Frage
A real estate license is valid for
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six months.
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one year.
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two years
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life
Frage 4
Frage
According to the law, to obtain a salesperson’s license one must reach the age of
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18
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19
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20
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21
Frage 5
Frage
A broker must have completed how many hours of study beyond the original salesperson’s course?
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30
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75
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150
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165
Frage 6
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The prelicense course must be taken over if the student does not apply for a license within
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6 months
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2 years
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1 year
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an unlimited amount of time
Frage 7
Frage
A nonresident broker requesting a New Jersey license must
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Post a bond
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Agree to be sued in NJ
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Open an office in the state
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Have a licensed NJ Broker as a sponsor
Frage 8
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An honorably discharged war veteran with a service-connected wound or disability may
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be exempt from payment of license fees.
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obtain a license even if younger than 18.
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be excused from taking the state licensing examination.
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sell real estate and charge commissions without holding a real estate license.
Frage 9
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The Real Estate Commission has how many members?
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3
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5
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8
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10
Frage 10
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Continuing education courses must be taken
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By all licensees
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for an initial broker's license
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within a year after license renewal
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in every 2-year period
Frage 11
Frage
Which of the following are NEVER allowed to sell real estate without a license?
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Banks
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Insurance Brokers
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Attorneys
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Owners
Frage 12
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If a principal broker dies, associated salespersons should promptly
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change their affiliation to another firm.
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have one of their members apply for a temporary broker’s license.
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move the office to another location.
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obtain broker's licenses
Frage 13
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The Guaranty Fund is funded by
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fines paid by brokers who violate license law.
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a 1% tax on real estate sales over $500,000.
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fees paid at first-license application.
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real property taxes.
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