New-Jersey-Real-Estate-Salesperson Exam Dumps, New-Jersey-Real-Estate-Salesperson Practice Test Questions
PDF (New 2025) Actual Real Estate New-Jersey-Real-Estate-Salesperson Exam Questions
NEW QUESTION # 28
Which of the following differentiates a bilateral contract from a unilateral contract?
- A. performance obligations of the parties
- B. number of parties involved
- C. relative value of the object of the contract
- D. type of property specified in the contract
Answer: A
Explanation:
A bilateral contract involves mutual promises where both parties are obligated to perform (e.g., a sales contract: buyer promises to pay, seller promises to transfer title).
A unilateral contract involves only one party making a promise contingent on the performance of the other (e.
g., an option contract).
Thus, the key difference is performance obligations of the parties.
Correct answer = B.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Contracts.
NEW QUESTION # 29
A real estate licensee is a partial owner of a local inspection company. It is permissible for the licensee to tell all clients to use this company when:
- A. the licensee does not know any of the other title companies in the area
- B. the licensee discloses the interest in the company to the client
- C. it is in the best interest of the client
- D. the client does not ask for other recommendations
Answer: B
Explanation:
Under RESPA Section 8 and NJREC rules:
A licensee with a financial interest in a related service company (e.g., inspections, title, mortgage) must provide full disclosure in writing to the client.
Without disclosure, this is considered a conflict of interest and a violation.
Disclosure allows the client to make an informed decision and choose alternatives.
Correct answer = D.
Reference: RESPA (Real Estate Settlement Procedures Act); NJREC Rules on Conflicts of Interest.
NEW QUESTION # 30
According to the New Jersey Real Estate Time Share Act, if a licensee is selling a timeshare located within the state of New Jersey, all of the following are true EXCEPT that the:
- A. contract of sale must provide notice of a seven calendar day rescission period.
- B. licensee must provide the buyer with a copy of the Public Offering Statement.
- C. timeshare must be approved by the Real Estate Commission.
- D. licensee must hold a timeshare sales license.
Answer: D
Explanation:
Under the NJ Real Estate Time Share Act (N.J.S.A. 45:15-16.50 et seq.), timeshares sold in New Jersey must be registered with the NJ Real Estate Commission.
Buyers must be given a Public Offering Statement.
Buyers are entitled to a 7-calendar-day rescission period.
There is no separate "timeshare sales license" - a standard NJ real estate license is sufficient.
Thus, the false statement is A.
Reference: New Jersey Real Estate Time Share Act; NJ Real Estate Salesperson Study Guide, Chapter on Timeshares and Condominiums.
NEW QUESTION # 31
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. secure the seller's initials confirming the revision.
- B. obtain the consent of the listing broker.
- C. prepare a separate addendum that reflects the revision.
- D. verbally inform any buyer's agent of the proposed revision.
Answer: A
Explanation:
Under NJ Real Estate License Law and Commission regulations (NJAC 11:5-6.2), all material changes to a written offer must be acknowledged in writing by the party making the change before it can be treated as a counteroffer. This is typically done by having the seller initial and date the change on the offer form. Without the seller's written confirmation (initials), the revision is not valid or binding.
A is unnecessary; broker consent is not required for counteroffers.
C is not required unless the parties specifically use an addendum, but initials are the minimum legal requirement.
D is insufficient; oral notice is not valid without written confirmation.
Therefore, the correct answer is B.
(Reference: NJ Real Estate Salesperson Pre-Licensure Course Study Guide, Contracts & License Law- Handling Offers and Counteroffers; NJAC 11:5-6.2.)
NEW QUESTION # 32
The main purpose of a deed is to
- A. record and acknowledge title transfer.
- B. provide documentation of legal possession.
- C. convey title.
- D. guarantee clear title.
Answer: C
Explanation:
Per the Property Ownership & Transfer section of the NJ Real Estate Salesperson Study Guide, the primary purpose of a deed is to transfer ownership (title) from the grantor to the grantee.
* A deed does not guarantee clear title (that would require a warranty or title insurance).
* A deed is not proof of possession; possession may occur without ownership.
* Recording and acknowledgment serve notice, but the deed's legal function is the act of conveyance.
Therefore, the correct answer is A: convey title.
(Reference: NJ Real Estate Salesperson Pre-Licensure Course Study Guide, Transfer of Title-Deeds.) D). verbally inform any buyer's agent of the proposed revision.
NJ Real Estate Agent said:
NEW QUESTION # 33
The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:
- A. appurtenant
- B. in gross
- C. by necessity
- D. by prescription
Answer: B
Explanation:
An easement in gross benefits a utility company or individual, not a dominant parcel of land.
It attaches to the utility provider, not another property.
Appurtenant easements benefit adjoining landowners.
By necessity arises when a parcel is landlocked.
By prescription arises through long-term adverse use.
This utility easement is an easement in gross = A.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Easements and Encumbrances.
NEW QUESTION # 34
In surveying, monuments are used to establish:
- A. real estate boundaries
- B. historical sites
- C. a common address
- D. flood elevation
Answer: A
Explanation:
Monuments are fixed physical objects (iron pins, concrete markers, trees, rocks) used by surveyors to establish property boundaries in the metes-and-bounds system.
They do not establish addresses, flood elevations, or historical sites.
Correct answer = B.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Legal Descriptions and Surveys.
NEW QUESTION # 35
Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:
- A. chattels
- B. personal property
- C. trade fixtures
- D. real estate
Answer: D
Explanation:
Natural attachments (trees, bushes, perennial plants) are part of the land and thus real estate.
Annual crops (emblements) are considered personal property.
Chattels = movable personal property.
Trade fixtures = items installed by a tenant for business use.
Correct answer = A.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Real vs. Personal Property.
NEW QUESTION # 36
An applicant for a real estate salesperson's license must apply for the issuance of the license within:
- A. 30 days after accepting an offer of employment from a licensed real estate broker
- B. one year from the date of passing the state licensing examination
- C. one year from the date of completion of the prelicensure education course
- D. one year from the date of beginning the prelicensure education course
Answer: C
Explanation:
Under the New Jersey Real Estate Licensing Law, an applicant must:
Complete the 75-hour prelicensure education course.
Pass the state examination.
Apply for licensure within one year from the date of completing the prelicensure course.
If application is not made within one year of course completion, the course must be retaken.
Reference: N.J.S.A. 45:15-9; NJ Real Estate Salesperson Pre-Licensure Course Guide, Licensing Requirements section.
NEW QUESTION # 37
A tenant has an option to purchase leased property. The price that the tenant will pay for the property is determined by the:
- A. terms specified in the option.
- B. tenant, when the option is exercised.
- C. property's market value at the time of exercising the option.
- D. agreement, when the option is exercised.
Answer: A
Explanation:
An option to purchase is a contract where:
The terms and price are established upfront in the option agreement.
The tenant (optionee) has the unilateral right to exercise the option within the agreed period.
Market value or tenant's discretion does not determine the price unless specifically stated in the option.
Correct answer = A.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Contracts and Options.
NEW QUESTION # 38
Are electronic signatures enforceable on a real estate contract?
- A. No, because they are only allowed on deeds.
- B. No, because they must be signed and witnessed.
- C. Yes, because they are allowed by the federal government.
- D. Yes, because they are legal in real estate transactions.
Answer: D
Explanation:
Electronic signatures are legally enforceable under the federal Electronic Signatures in Global and National Commerce Act (E-SIGN Act, 2000) and the New Jersey Uniform Electronic Transactions Act (UETA, N.J.S.
A). 12A:12-1 et seq.).
These laws confirm that electronic signatures are valid and binding in real estate contracts, listings, leases, and other documents.
They are not restricted to deeds, and do not require witnessing to be valid.
Therefore, the correct answer is B.
Reference: Federal E-SIGN Act (2000); NJ Uniform Electronic Transactions Act; NJ Real Estate Salesperson Study Guide, Chapter on Contracts and Closing.
NEW QUESTION # 39
Which of the following statements about branch offices is INCORRECT?
- A. The name of the branch office supervisor must be recorded with the commission.
- B. A licensed broker-salesperson must supervise the office on a full-time basis.
- C. Two salespersons may be designated to share supervising responsibilities.
- D. The employing broker is ultimately responsible for all licensees employed at the branch office.
Answer: C
Explanation:
According to NJREC Rules and Regulations (N.J.A.C. 11:5-6.4 & 6.5):
A branch office must be supervised by a broker or broker-salesperson designated by the employing broker.
The supervisor's name must be recorded with the Commission.
The supervising broker/broker-salesperson must work full-time at that location.
The employing broker remains ultimately responsible for all licensees.
It is not permitted to designate two salespersons to share supervisory responsibilities.
Thus, the incorrect statement is C.
Reference: NJREC Rules and Regulations, N.J.A.C. 11:5-6.4, 11:5-6.5; NJ Real Estate Salesperson Study Guide, Chapter on Licensing Requirements.
NEW QUESTION # 40
What is the difference between a license to use property and an easement?
- A. There must be consideration paid for an easement.
- B. A license can be cancelled by the issuer.
- C. There must be consideration paid for a license.
- D. An easement can be cancelled by the issuer.
Answer: B
Explanation:
A license is a personal, revocable privilege to use another's land for a specific purpose (e.g., permission to fish in a pond). It can be canceled by the issuer at any time and does not run with the land.
An easement is a legal interest in another's land for a specific purpose (e.g., utility easement). It is not revocable by the grantor once legally granted.
Consideration is not required for a license or an easement (though it may be part of a contractual easement).
Thus, the main difference is that a license is revocable by the issuer, but an easement is not.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Interests in Real Estate.
NEW QUESTION # 41
In many states, usury laws:
- A. determine the possible legal use of land.
- B. establish a maximum rate of interest allowed for loans.
- C. impose a tax on a purchaser of personal property for resale or use.
- D. provide a right to use property belonging to another.
Answer: B
Explanation:
Usury laws are designed to protect borrowers from being charged excessively high interest rates.
These laws set the maximum legal interest rate that lenders may charge.
The other options (land use, easements, and sales tax) are unrelated to usury laws.
Correct answer: D.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Financing and Loan Regulations.
NEW QUESTION # 42
A property that contains a 2,500-square-foot house has a land value of $45,000. The house suffers from
$7,000 of physical depreciation and $2,500 of functional obsolescence. If the replacement cost of the house is
$75 per square foot, what is the value of the property?
- A. $232,500
- B. $223,000
- C. $187,500
- D. $178,000
Answer: B
Explanation:
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Appraisal (Cost Approach Method).
NEW QUESTION # 43
A landlord may require that a disabled tenant
- A. pay double the usual $500 security deposit.
- B. remove the wheelchair ramp from the apartment upon vacating the unit.
- C. not install grab bars in the tile shower if drilling holes in the tile is required.
- D. pay an additional fee for using the swimming pool to cover the added insurance cost.
Answer: B
Explanation:
Under the Federal Fair Housing Act (as applied in New Jersey), landlords must permit disabled tenants to make reasonable modifications to the premises at the tenant's expense, such as installing ramps or grab bars.
However:
The landlord cannot charge additional fees (answers A and B are discriminatory).
The landlord cannot prohibit installation of necessary accessibility aids (answer D is illegal).
The landlord can require the tenant to restore the property to its original condition upon vacating, which includes removing modifications such as ramps if they were installed.
Therefore, the correct answer is C.
Reference: NJ Real Estate Salesperson Pre-Licensure Course Guide, Chapter on Fair Housing; Federal Fair Housing Act, Title VIII.
NEW QUESTION # 44
Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this. What do they need to do first?
- A. Obtain a modification to the local master plan.
- B. File an appeal with the local court.
- C. Obtain a variance or special exception.
- D. Obtain a building permit.
Answer: C
Explanation:
Under New Jersey Municipal Land Use Law and the NJ Real Estate Salesperson study guide (Chapter on Land Use Regulations), when zoning ordinances restrict a particular use, the property owner or prospective buyer must request relief from the zoning board. The proper relief mechanism is a variance (sometimes called a special exception or conditional use permit).
A building permit (A) only allows construction according to existing zoning. It does not authorize a prohibited use.
A modification to the master plan (B) is a legislative act by the planning board/municipality and not the immediate remedy for individual property owners.
An appeal with the local court (D) may come later if denied, but the first step is to apply to the zoning board for a variance.
Therefore, the correct choice is C: obtain a variance or special exception.
Reference: NJ Real Estate Salesperson Pre-Licensure Course Study Guide, Land Use Controls/Zoning; N.J.S.
A). 40:55D (Municipal Land Use Law).
NEW QUESTION # 45
A couple secured a home mortgage loan from a lender who appraised the property at $92,500. If the loan-to- value ratio on the property was 85%, what was the minimum amount the couple needed for the down payment?
- A. $13,875
- B. $10,882
- C. $7,862
- D. $6,166
Answer: C
Explanation:
The loan-to-value (LTV) ratio is based on the appraised value (or purchase price, whichever is lower).
Appraised Value = $92,500
LTV = 85% # Loan Amount = $92,500 × 0.85 = $78,625
Down Payment = $92,500 - $78,625 = $13,875
Wait - let's carefully match the options:
$13,875 is Option D.
Corrected answer: D
# The couple must provide $13,875 as the minimum down payment.
Reference: NJ Real Estate Salesperson Study Guide, Real Estate Finance chapter; Loan-to-Value Calculations.
NEW QUESTION # 46
A seller has entered into an exclusive right to sell agreement with a broker. The buyer presents the seller with an offer to purchase that is 20% less than the list price. Which of the following is appropriate?
- A. The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
- B. The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
- C. The seller is obligated to pay the buyer a commission or the offer price if the seller rejects the offer.
- D. The seller is under no obligation to accept the offer or make a counteroffer.
Answer: D
Explanation:
Under New Jersey agency and contract principles taught in the NJ Real Estate Salesperson Pre-Licensure Course Study Guide (Listings & Offers/Contracts chapters), a seller who has a listing (including an exclusive right to sell) is never obligated to accept any offer and is not required to make a counteroffer. The listing is an employment contract with the broker; it does not compel acceptance of buyer terms. An offer may be accepted, rejected, or countered at the seller's discretion. There is no automatic acceptance period like "72 hours," unless explicitly written into the offer itself.
* Therefore, B is correct.
* A is wrong-sellers owe no "commission or offer price" to a buyer for rejecting an offer.
* C is wrong-no default 72-hour rule exists by law.
* D is wrong-no duty to counter exists.
(Reference: NJ Real Estate Salesperson Pre-Licensure Course Study Guide, Agency & Listings; Contracts- Offer and Acceptance.)
NEW QUESTION # 47
In a jurisdiction where the common law of agency applies, a broker has listed a home and then presented to the seller an offer from another client of the broker. The offer has been accepted. The broker has what type of agency relationship with the parties?
- A. dual agency
- B. seller agency, no agency relationship with buyer
- C. no agency relationship; in this situation the broker becomes a facilitator only
- D. seller agency, buyer sub-agency
Answer: A
Explanation:
Under the common law of agency, when a broker represents both the seller and the buyer in the same transaction, the broker is acting as a dual agent.
The broker has a fiduciary duty to both parties.
This arrangement is only legal if both parties give informed, written consent.
A sub-agency relationship would apply if another agent brought the buyer as a subagent of the seller's broker, not if the buyer is directly the broker's own client.
Therefore, the correct agency type in this case is dual agency.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Agency Relationships and Disclosure; Common Law of Agency Principles.
NEW QUESTION # 48
A CORRECT statement about transaction brokers is that they:
- A. may conduct transactions without an active real estate license
- B. represent both the buyer and the seller
- C. represent neither the buyer nor the seller
- D. are required to disclose confidential information
Answer: C
Explanation:
A transaction broker facilitates a real estate transaction without representing either party as an agent.
They owe both parties honesty and fairness but do not owe fiduciary duties such as loyalty or confidentiality.
They do not require client-level agency agreements.
They must still be licensed.
Correct answer = B.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Agency and Non-Agency Relationships.
NEW QUESTION # 49
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