Smith owns a large tract of land in a city. She wants to subdivide the tract. Which of the following should she do first?

Question 1

Question 1 of 5

Answer

A. Prepare a plat of the subdivision.

B. Dedicate land for streets and parks.

C. Check the appropriate ordinances and statutes.

D. Plan the street and clustering patterns for the subdivision.

Question 2

Question 2 of 5

Answer

A. Retaining good tenants

B. Arranging for refinancing of the property

C. Screening prospective tenants to achieve a racial balance among tenants

D. Collecting 2-month's security deposit for each tenant

Question 3

Question 3 of 5

Answer

A. The salesperson receives payment directly from the seller.

B. The salesperson has the broker's approval.

C. The seller pays the bonus to the broker, who passes it on to the salesperson.

D. Under no circumstances

Question 4

Question 4 of 5

Answer

A. Associate broker dies.

B. Employing broker dies.

C. Property is destroyed by fire.

D. Owner is declared mentally incompetent.

Question 5

Question 5 of 5

Answer

A. Failing to provide a client with a copy of the signed exclusive listing contract

B. Delivering a consumer information statement to a seller after having made a listing presentation

C. Payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state

D. Collecting a commission as a broker from both parties to a transaction while representing both parties as their agent

Smith owns a large tract of land in a city. She wants to subdivide the tract. Which of the following should she do first?

A. Prepare a plat of the subdivision.

B. Dedicate land for streets and parks.

C. Check the appropriate ordinances and statutes.

D. Plan the street and clustering patterns for the subdivision.

Which of the following is an objective of a property manager?

A. Retaining good tenants

B. Arranging for refinancing of the property

C. Screening prospective tenants to achieve a racial balance among tenants

D. Collecting 2-month's security deposit for each tenant

Under what conditions may a salesperson accept a bonus offered by a seller for services rendered?

A. The salesperson receives payment directly from the seller.

B. The salesperson has the broker's approval.

C. The seller pays the bonus to the broker, who passes it on to the salesperson.

D. Under no circumstances

An owner lists a property with a broker through an associate broker. The agency relationship and listing would continue even if the

A. Associate broker dies.

B. Employing broker dies.

C. Property is destroyed by fire.

D. Owner is declared mentally incompetent.

Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

A. Failing to provide a client with a copy of the signed exclusive listing contract

B. Delivering a consumer information statement to a seller after having made a listing presentation

C. Payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state

D. Collecting a commission as a broker from both parties to a transaction while representing both parties as their agent

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