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: May 31, 2026

Question #37

A licensee must provide disclosure of licensed status when acting as a principal if

A. the licensee does not have errors and omission insurance.

B. the licensee has any economic interest in the property.

C. any relative of the licensee has ever lived in the residence.

D. the agent of the other party asks about this specifically.

Discussion 0

Correct Answer: B Vote an answer

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Question #38

The primary intent of the statute of frauds is to:

A. enforce oral agreements beyond 1 year.

B. reduce real estate contracts to writing.

C. protect licensees from fraudulent activity.

D. protect the rights of buyers who are disabled.

Discussion 0

Correct Answer: B Vote an answer

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Question #39

Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

A. failing to provide a client with a copy of the signed exclusive listing contract

B. collecting a commission as a broker from both parties to a transaction while representing both parties as their agent

C. payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state

D. delivering a consumer information statement to a seller after having made a listing presentation

Discussion 0

Correct Answer: C Vote an answer

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Question #40

A ranch house with a double garage is being valued. The house next door, which is similar except that it lacks a garage and has an outside deck, was sold last month for $138,000. Experience in that area shows that a two- car garage is probably worth $10,000 to buyers, while in general, they will pay only $500 extra for a deck.
The ranch house is most likely to sell for around:

A. $147,500

B. $128,500

C. $123,500

D. $148,500

Discussion 0

Correct Answer: A Vote an answer

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Question #41

Which of the following statements about branch offices is INCORRECT?

A. The employing broker is ultimately responsible for all licensees employed at the branch office.

B. Two salespersons may be designated to share supervising responsibilities.

C. A licensed broker-salesperson must supervise the office on a full-time basis.

D. The name of the branch office supervisor must be recorded with the commission.

Discussion 0

Correct Answer: B Vote an answer

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Question #42

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. determine, at its discretion, what disciplinary action to take against the salesperson

B. revoke the salesperson's license

C. notify the salesperson's employing broker of the circumstances pertaining to the conviction

D. suspend the salesperson's license

Discussion 0

Correct Answer: A Vote an answer

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Question #43

A property was listed for $110,000. It sold for $106,000. A 6.5% fee was split equally between the listing and selling real estate firms. The listing licensee received 55% of the listing office share. How much did the listing licensee receive?

A. $1,966.25

B. $3,789.50

C. $3,575.00

D. $1,894.75

Discussion 0

Correct Answer: D Vote an answer

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Question #44

The Freshwater Wetlands Protection Act of 1987 is a New Jersey law that:

A. requires the registration of residential development projects with the New Jersey Department of Community Affairs

B. empowers the New Jersey Department of Environmental Protection to acquire title to certain real estate for less than its fair market value through condemnation

C. requires environmental impact statements to be filed with the New Jersey Department of Environmental Protection before title to developed real estate can be transferred

D. restricts development of real estate in certain designated areas

Discussion 0

Correct Answer: D Vote an answer

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Question #45

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 loan will still be assumable.

B. The lender will usually retain rights under mortgage insurance or VA guarantee.

C. Because it is voluntary, it will not be an adverse item on the buyer's credit.

D. The lender will take the title subject to any junior liens.

Discussion 0

Correct Answer: D Vote an answer

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