Real Estate New Jersey Real Estate Salesperson : New-Jersey-Real-Estate-Salesperson exam

New-Jersey-Real-Estate-Salesperson
  • Exam Code: New-Jersey-Real-Estate-Salesperson
  • Exam Name: New Jersey Real Estate Salesperson Exam
  • Updated: Sep 15, 2026
  • Q & A: 122 Questions and Answers

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About Real Estate New Jersey Real Estate Salesperson : New-Jersey-Real-Estate-Salesperson Exam Questions

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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
New Jersey State Portion (30 questions)27%- New Jersey Real Estate Commission Rules
  • 1. Advertising rules
  • 2. Office and supervisory requirements
  • 3. Commission regulations
  • 4. Transaction requirements
- New Jersey-Specific Practices
  • 1. Brokerage arrangements
  • 2. New Jersey landlord-tenant law basics
  • 3. Agency relationships in NJ
  • 4. State-specific contracts and forms
- New Jersey License Law
  • 1. License requirements and qualifications
  • 2. Continuing education requirements
  • 3. Disciplinary procedures
  • 4. License types and categories
National Portion (80 questions)73%- Calculations
  • 1. ROI and capitalization rates
  • 2. Interest and amortization
  • 3. Commission calculations
  • 4. Proration calculations
- Real Property Ownership and Land Use
  • 1. Encumbrances and liens
  • 2. Property rights and interests
  • 3. Types of ownership
  • 4. Zoning and land use regulations
- Finance and Lending
  • 1. Mortgage calculations
  • 2. Foreclosure processes
  • 3. Financing types and products
  • 4. Loan application and approval
- Contracts and Agreements
  • 1. Contract contingencies
  • 2. Breach of contract remedies
  • 3. Purchase and sale contracts
  • 4. Lease agreements
- Property Transfer and Disclosure
  • 1. Federal fair housing laws
  • 2. Disclosure requirements
  • 3. Deeds and title transfer
  • 4. Listing agreements
- Practice and Ethics
  • 1. Code of ethics
  • 2. Licensee responsibilities
  • 3. Trust account requirements
  • 4. Fiduciary duties

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question #1

A city has built a new library and has contacted the broker to list and sell the old library building. Which approach should the broker use to estimate the fair market value for the purpose of listing and selling this property?

  • A. income approach
  • B. gross rent multiplier
  • C. sales comparison
  • D. replacement cost
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Which of the following can hold escrow accounts?

  • A. lenders, brokers, and real estate commissions
  • B. banks, brokers, and attorneys
  • C. salespersons, brokers, and lenders
  • D. banks, salespersons, and title companies
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

Which of the following best describes the Housing for Older Persons Act?

  • A. It requires that 55-and-older housing have significant facilities and services designed for seniors.
  • B. It allows grandparents with grandchildren to be exempt from the provisions of the Act.
  • C. It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt.
  • D. It requires that at least 80% of occupied units have one person age 55 or older living there.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:

  • A. revoke the salesperson's license
  • B. notify the salesperson's employing broker of the circumstances pertaining to the conviction
  • C. determine, at its discretion, what disciplinary action to take against the salesperson
  • D. suspend the salesperson's license
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If accepted, which of the following will be true?

  • A. The lender will usually retain rights under mortgage insurance or VA guarantee.
  • B. The loan will still be assumable.
  • C. The lender will take the title subject to any junior liens.
  • D. Because it is voluntary, it will not be an adverse item on the buyer's credit.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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