NJ Real Estate Exam Questions Verified and Provided with
Complete A+ Graded Answers Latest Updated 2026
If a broker is expecting to receive 6% commission d) $15,000
on a sale of $250,000 house, what will the
commission be?
a) $750
b) $1,500
c) $7,500
d) $15,000
A lot measuring 240' by 400' is selling for $400 a d) $96,000
front foot. What is the price?
a) $1,600
b) $16,000
c) $72,000
d) $96,000
If the frontage of a half acre lot is 100 feet, how b) 218 ft
deep is it?
a) 154 ft
b) 218 ft
c) 248 ft
d) 436 ft
An acre is how many Sqft? 1 Acre= 43,560 Sqft.
A section = 640 acres
Life Estate Is limited to the life of a specific person; life estate ends with the death
of the owner.
Which fact or facts is (are) TRUE concerning the d) the DVA fixes the rate of interest charged by the lender.
DVA loan?
a) a DVA loan cannot be assumed
b) DVA loans made after
March 1,1998 are freely
assumable
c) the veteran must be careful how she/he uses
up eligibility
d) the DVA fixes the rate of interest charged by
the lender
If the tenant exercises his option to buy, can he YES
force the landlord to sell?
A "JUMBO" loan is: A loan higher than the secondary markets limit.
, Selling price: $325,000, 20% down and 2 points b) $72,200
plus $2,000 closing fees. What is the total cash
required to close?
a)71,500
b) 72,200
c) 73,500
d) 75,600
Which of the following is NOT characteristic of a c) loan is insured
DVA loan?
a) loan is guaranteed
b) owner occupied
c) loan is insured
d) little or no down payment
If a lender charges 2 points on a $60,000 loan, b) $1,200
how much does the lender get?
a) 120
b) 1,200
c) 2,400
d) none of the above
A broker establishes a company policy of charging YES
no less than 6% commission, is this legal?
Money in a trust account, Broker must? a) keep accurate records
a) keep accurate records
b) may withdraw commission amount
One who has the right to sign the name of a a) an attorney in fact
principal to a contract of sale is:
a) an attorney in fact
b) broker with a listing
c) a special agent
d) an attorney at law
A deed made and delivered but NOT recorded is: a)valid between the parties and valid as to third parties with notice
a)valid between the parties and valid as to
third parties with notice
b) invalid between the parties
Two partners own real estate, one has 60% b) tenancy in common
interest, the other has 40% this is : (no right of survivorship)
a) joint tenancy
b) tenancy in
common (no right of
survivorship)
Complete A+ Graded Answers Latest Updated 2026
If a broker is expecting to receive 6% commission d) $15,000
on a sale of $250,000 house, what will the
commission be?
a) $750
b) $1,500
c) $7,500
d) $15,000
A lot measuring 240' by 400' is selling for $400 a d) $96,000
front foot. What is the price?
a) $1,600
b) $16,000
c) $72,000
d) $96,000
If the frontage of a half acre lot is 100 feet, how b) 218 ft
deep is it?
a) 154 ft
b) 218 ft
c) 248 ft
d) 436 ft
An acre is how many Sqft? 1 Acre= 43,560 Sqft.
A section = 640 acres
Life Estate Is limited to the life of a specific person; life estate ends with the death
of the owner.
Which fact or facts is (are) TRUE concerning the d) the DVA fixes the rate of interest charged by the lender.
DVA loan?
a) a DVA loan cannot be assumed
b) DVA loans made after
March 1,1998 are freely
assumable
c) the veteran must be careful how she/he uses
up eligibility
d) the DVA fixes the rate of interest charged by
the lender
If the tenant exercises his option to buy, can he YES
force the landlord to sell?
A "JUMBO" loan is: A loan higher than the secondary markets limit.
, Selling price: $325,000, 20% down and 2 points b) $72,200
plus $2,000 closing fees. What is the total cash
required to close?
a)71,500
b) 72,200
c) 73,500
d) 75,600
Which of the following is NOT characteristic of a c) loan is insured
DVA loan?
a) loan is guaranteed
b) owner occupied
c) loan is insured
d) little or no down payment
If a lender charges 2 points on a $60,000 loan, b) $1,200
how much does the lender get?
a) 120
b) 1,200
c) 2,400
d) none of the above
A broker establishes a company policy of charging YES
no less than 6% commission, is this legal?
Money in a trust account, Broker must? a) keep accurate records
a) keep accurate records
b) may withdraw commission amount
One who has the right to sign the name of a a) an attorney in fact
principal to a contract of sale is:
a) an attorney in fact
b) broker with a listing
c) a special agent
d) an attorney at law
A deed made and delivered but NOT recorded is: a)valid between the parties and valid as to third parties with notice
a)valid between the parties and valid as to
third parties with notice
b) invalid between the parties
Two partners own real estate, one has 60% b) tenancy in common
interest, the other has 40% this is : (no right of survivorship)
a) joint tenancy
b) tenancy in
common (no right of
survivorship)
