Real Estate New-Jersey-Real-Estate-Salesperson Actual Free Exam Questions & Community Discussion

Exam Code/Number: New-Jersey-Real-Estate-Salesperson
Exam Name/Title: New Jersey Real Estate Salesperson Exam
Certification Provider: Real Estate
Corresponding Certification: New Jersey Real Estate

Exam Questions: 122
Updated On: Jul 25, 2026

Question #1

A low loan-to-value ratio indicates a:

A. lower equity in the property.

B. greater risk of foreclosure.

C. greater use of leverage.

D. higher equity in the property.

Discussion 0

Correct Answer: D Vote an answer

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Question #2

If an owner wants to list a property for sale "as is," the listing agent should:

A. assume that the owner will accept a relatively low price for the property.

B. assume that the house is a "fixer-upper."

C. conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.

D. question the seller as to any known defects.

Discussion 0

Correct Answer: D Vote an answer

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Question #3

An appraisal made by a certified appraiser is required:

A. when the buyer is using an FHA loan to purchase.

B. when heirs receive property.

C. before real property can transfer from one owner to another.

D. before any property settlement in a divorce.

Discussion 0

Correct Answer: A Vote an answer

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Question #4

If an owner wants to list a property for sale "as is," the listing agent should:

A. assume that the owner will accept a relatively low price for the property.

B. assume that the house is a "fixer-upper."

C. conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.

D. question the seller as to any known defects.

Discussion 0

Correct Answer: D Vote an answer

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Question #5

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. suggest the buyers have a home inspection and leave discovery up to the inspector.

B. suggest to the seller wrap the pipes to contain potential airborne contamination.

C. ask the seller's permission to disclose and abide by the seller's wishes.

D. disclose the existence of asbestos to all potential buyers.

Discussion 0

Correct Answer: D Vote an answer

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Question #6

The best way to research the previous owners of the property would be to research the:

A. lien records

B. abstract

C. chain of title

D. grantor

Discussion 0

Correct Answer: C Vote an answer

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Question #7

According to the New Jersey Law Against Discrimination, which of the following descriptions may be used in advertising properties in a townhome development?

A. Singles only

B. Senior housing

C. Ethnic neighborhood

D. Close to synagogues and churches

Discussion 0

Correct Answer: B Vote an answer

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Question #8

A broker is offering a $100 gift certificate at a jewelry store to all sellers who list with the broker during a specified time period. According to the New Jersey Real Estate License Law, such a promotion is prohibited because it:

A. offers compensation for brokerage activity to unlicensed persons

B. discriminates against sellers who do not list with the broker during the specified time period

C. makes the receipt of the free offering contingent upon sellers listing their properties with the broker

D. discriminates against sellers whose religion prohibits the wearing of jewelry

Discussion 0

Correct Answer: C Vote an answer

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Question #9

A seller sold a property for $375,000, with the closing on July 1st, in a jurisdiction where the buyer pays for the day of closing. The seller had a mortgage balance at the time of closing of $301,000, and had recently paid invoices of $400 for the second quarter's water and electricity, $1,200 for new appliances, and roofing repairs of $700. Based only on these items, how much will the seller receive at closing?

A. $72,400

B. $74,000

C. $71,700

D. $73,600

Discussion 0

Correct Answer: B Vote an answer

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