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Latest Real Estate Licensing New-Jersey-Real-Estate-Salesperson Practice Questions BY Wright

Question 1

The common area of a condominium development is owned by:

  • A. its duly elected Board of Directors.
  • B. those owners who were original owners of the units.
  • C. any individuals who pay a prorated share of the taxes and maintenance.
  • D. all owners as tenants in common.
Question 2

The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present:

  • A. the highest cash offer to the seller.
  • B. the highest offer to the seller.
  • C. only cash offers to the seller.
  • D. all offers to the seller.