Real Estate New-Jersey-Real-Estate-Salesperson Q&A - in .pdf

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  • Exam Code: New-Jersey-Real-Estate-Salesperson
  • Exam Name: New Jersey Real Estate Salesperson Exam
  • Updated: Oct 09, 2026
  • Q & A: 122 Questions and Answers
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Real Estate New-Jersey-Real-Estate-Salesperson Exam Syllabus Topics:

SectionWeightObjectives
National Portion73%- Land Use Controls and Regulations
  • 1. Zoning and planning
  • 2. Public restrictions
  • 3. Private land use controls
- Agency Relationships and Duties
  • 1. Types of agency
  • 2. Disclosure requirements
  • 3. Fiduciary duties
- Transfer of Property
  • 1. Closing procedures
  • 2. Title transfer
  • 3. Deeds and title insurance
- Valuation and Market Analysis
  • 1. Appraisal principles
  • 2. Comparative market analysis
  • 3. Market value vs cost
- Fair Housing and Ethics
  • 1. Federal laws
  • 2. Prohibited practices
  • 3. Ethical standards
- Financing
  • 1. Mortgage types
  • 2. Closing and settlement
  • 3. Lending regulations
- Real Estate Contracts
  • 1. Contract elements
  • 2. Purchase agreements
  • 3. Leases and listing agreements
- Real Estate Mathematics
  • 1. Area and volume
  • 2. Tax and proration math
  • 3. Commission calculations
- Property Ownership
  • 1. Property rights and interests
  • 2. Types of ownership
  • 3. Legal descriptions
New Jersey State-Specific Portion27%- Real Estate Commission Powers and Duties
  • 1. Regulatory authority
  • 2. Licensing and enforcement
  • 3. Rulemaking
- New Jersey Specific Laws
  • 1. Time-Share Act
  • 2. Real Estate Sales Full Disclosure Act
  • 3. Real Estate Guaranty Fund
  • 4. Law Against Discrimination
- Licensing Requirements
  • 1. Education requirements
  • 2. Application process
  • 3. Eligibility criteria
- Statutes Governing Licensee Activities
  • 1. Licensee conduct rules
  • 2. Trust accounts and record keeping
  • 3. Advertising regulations

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question #1

Which of the following is a permitted free offering?

  • A. A coupon for discounted commission on listing services
  • B. A free dinner for attendees at a homebuyers' evening seminar
  • C. A complimentary home warranty with every listing
  • D. Free use of a local moving van for all listings
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

A broker maintains a real estate agency and terminated two salespersons. In this situation, the broker is REQUIRED to take all the following actions with regard to these two salespersons EXCEPT:

  • A. permit them to remove original sales or listing contracts from the broker's office.
  • B. abide by the post-termination compensation clause contained in their employment agreements or provide a written explanation for not doing so.
  • C. provide each with a written accounting of all monies due each salesperson.
  • D. pay any undisputed compensation due within ten days of the broker's receipt of such funds.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

A small broker committee in the local county has set up a new marketing idea. They will give every seller the same commission rate and it will not be negotiable. This will allow the consumers to know exactly what it will cost to list a property. This marketing plan is an example of:

  • A. market allocation
  • B. price-fixing
  • C. consumer protection
  • D. apostille
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

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. Statement of Record filed by the developer with the Commission
  • B. filed plat map identifying the location of the property being bought or leased
  • C. deed or other instrument establishing title in the name of the developer
  • D. New Jersey Public Offering Statement approved by the Commission
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

A purchase money note need NOT contain the:

  • A. principal amount of the loan.
  • B. rate of interest.
  • C. loan-to-value ratio.
  • D. time and method of payment.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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