Question 1

The feature that most distinguishes a joint tenancy from a tenancy in common is

Options :

A : undivided interests.

B : unity of possession.

C : right of survivorship

D : right of transfer.

Answer: C

Question 2

In commercial property leasing, listing agents should ensure that the owner complies with:

Options :

A : their fiduciary responsibilities to the tenant

B : state and federal Fair Housing laws

C : the Americans with Disabilities Act

D : market lease rates

Answer: C

Question 3

A tenant has a commercial lease that requires that the tenant pay taxes, insurance, maintenance, and parking lot repairs. What kind of lease does the tenant have?

Options :

A : net

B : gross

C : ground

D : percentage

Answer: A

Question 4

Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

Options :

A : Type contracts for approval

B : Make telephone calls to request rent payments

C : Follow up on loan applications with lenders

D : Place signs on properties

Answer: B

Question 5

According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer

Options :

A : if the licensee is the broker.

B : if notated on the contract of sale.

C : provided it does not exceed 50% of the total commission.

D : if a writing confirming the terms of the rebate is provided to the buyer at closing.

Answer: D