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

  • Exam Code: New-Jersey-Real-Estate-Salesperson
  • Exam Name: New Jersey Real Estate Salesperson Exam
  • Updated: Nov 02, 2026
  • Q & A: 122 Questions and Answers

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

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

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

Real Estate New Jersey Real Estate Salesperson Sample Questions:

Question #1

A buyer wants to purchase a home for $400,000 with a 15% down payment. The lender charges 1.5 points.
How much money does the buyer need up front to make the purchase?

  • A. $66,000
  • B. $65,100
  • C. $60,900
  • D. $60,000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

The Multiple Listing Service (MLS) board members decided that the population of each area of the city would be best served by the brokerages who have offices actually located within those areas. The board established boundaries dividing the city into six districts and voted to limit listings for each district to only those brokerages with offices within the district. Brokerages who tried to advertise beyond their own district would be prohibited from listing properties in the MLS. This action violates what Real Estate Law?

  • A. Housing and Community Development Act of 1974
  • B. Sherman Anti-trust Act
  • C. Diversity Jurisdiction
  • D. Civil Rights Act
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash.
The broker

  • A. must forward the offer to the seller's attorney for consideration.
  • B. may not accept the offer until the seller returns.
  • C. may accept the offer.
  • D. may sign a deed of conveyance if the seller does not return on time.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

A licensee must provide a Consumer Information Statement in all of the following transactions EXCEPT the:

  • A. sublease of a studio apartment for two months
  • B. sale of a three-family house in a mixed-use zone
  • C. sale of a vacant one-family lot
  • D. lease of a three-bedroom apartment for one year
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

Under New Jersey Real Estate Commission rules, a licensee's obligations to the public include all of the following responsibilities EXCEPT:

  • A. protecting and promoting the interests of the licensee's principal when acting as an agent
  • B. accepting any reasonable commission offered by a seller in the course of negotiating a listing agreement
  • C. disclosing material defects in a property to a prospective purchaser
  • D. dealing honestly with all parties
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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