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: Oct 29, 2025

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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

Which of the following is a radioactive odorless gas which may require mitigation?

A : radon

B : asbestos

C : formaldehyde

D : carbon monoxide

Answer: A

Question 3

Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid 60% of the brokers share. The house was sold for $110,000. How much did the listing agent earn?

A : $1,320

B : $1,980

C : $2,640

D : $3,980

Answer: B

Question 4

A broker maintains a real estate agency and terminated two salespersons. In this situation, the broker is REQUIRED to take all the following actions with regard to these two salespersons EXCEPT:

A : provide each with a written accounting of all monies due each salesperson.

B : permit them to remove original sales or listing contracts from the brokers office.

C : pay any undisputed compensation due within ten days of the broker's receipt of such funds.

D : abide by the post-termination compensation clause contained in their employment agreements or provide a written explanation for not doing so.