Free Real Estate Licensing New-Jersey-Real-Estate-Salesperson Exam Questions

Become Real Estate Licensing Certified with updated New-Jersey-Real-Estate-Salesperson exam questions and correct answers

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Total 121 Questions | Updated On: Mar 05, 2026

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Question 1

A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

A : deduct the amount collected from the commission or settlement

B : give the principal receipts for all expenditures

C : furnish within ninety days of its collection an accounting of how the money was used

D : retain the difference between the amount of money collected and the amount spent

Answer: C

Question 2

A landlord may require that a disabled tenant

A : pay double the usual $500 security deposit.

B : pay an additional fee for using the swimming pool to cover the added insurance cost.

C : remove the wheelchair ramp from the apartment upon vacating the unit.

D : not install grab bars in the tile shower if drilling holes in the tile is required.

Answer: C

Question 3

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 : $71,700

B : $72,400

C : $73,600

D : $74,000

Answer: D

Question 4

A client is considering listing an industrially zoned 10-acre site. It has been vacant for several years, and was formerly used as an automobile junkyard. What would a responsible real estate licensee recommend the seller consider obtaining prior to putting the property on the market?

A : a radon measurement analysis

B : an environmental site assessment

C : an electromagnetic field determination

D : an air quality report from the Environmental Protection Agency

Answer: B

Question 5

A licensee faxes a list of available properties to prospective buyers. Which of the following is true?

A : The fax must contain an opt-out provision for future communications.

B : The licensee must include only a phone number to reply.

C : The licensee's company's name does not need to be listed.

D : The licensee must mail an identical list to all parties.

Answer: A

Page: 1 / 25

Total 121 Questions | Updated On: Mar 05, 2026

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