A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?

• A. easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement
• B. easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property
• C. easement appurtenant because it cannot run with the land
• D. easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements

Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:

• A. real estate
• B. personal property
• C. chattels
• D. trade fixtures

A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to

• A. obtain the consent of the listing broker.
• B. prepare a separate addendum that reflects the revision.
• C. secure the seller's initials confirming the revision.
• D. verbally inform any buyer's agent of the proposed revision.

As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:

• A. New Jersey Public Offering Statement approved by the Commission
• B. deed or other instrument establishing title in the name of the developer
• C. filed plat map identifying the location of the property being bought or leased
• D. Statement of Record filed by the developer with the Commission

A Seller's Property Disclosure form states that there are no known material defects with the property, but the listing licensee is aware of asbestos wrapped duct pipes in the basement. The licensee should:

• A. disclose the existence of asbestos to all potential buyers.
• B. ask the seller's permission to disclose and abide by the seller's wishes.
• C. suggest to the seller wrap the pipes to contain potential airborne contamination.
• D. suggest the buyers have a home inspection and leave discovery up to the inspector.