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: Apr 29, 2026

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Question 1

Salesperson P leaves the employ of Broker A. One of the listings at Broker As firm has agreed to list with Salesperson P at the new firm. In this instance the listing file:

A : can be taken to the new firm so there is no interruption of service to the client.

B : cannot be taken because it belongs to Broker A.

C : should be turned into the MLS.

D : should be given to the seller.

Answer: B

Question 2

A CORRECT statement about transaction brokers is that they:

A : represent both the buyer and the seller

B : represent neither the buyer nor the seller

C : are required to disclose confidential information

D : may conduct transactions without an active real estate license

Answer: B

Question 3

According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer

A : if the licensee is the broker.

B : if notated on the contract of sale.

C : provided it does not exceed 50% of the total commission.

D : if a writing confirming the terms of the rebate is provided to the buyer at closing.

Answer: D

Question 4

After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?

A : change

B : contribution

C : anticipation

D : highest and best use

Answer: C

Question 5

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

Page: 1 / 25

Total 121 Questions | Updated On: Apr 29, 2026

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