NJ Real Estate Exam (2025) ACTUAL EXAM (TESTING REAL EXAM
NJ Real Estate Exam
QUESTIONS) AND VERIFIED ANSWERS (MULTIPLE CHOICES)
Study online at https://quizlet.com/_40sag1
|COMPLETE SOLUTIONS |A+ GRADED |100% CORRECT!!
1. If a broker is expecting to receive 6% commission on a d
sale of $250,000 house, what will the commission be?
a) $750
b) $1,500
c) $7,500
d) $15,000
2. A lot measuring 240' by 400' is selling for $400 a front d
foot. What is the price?
a) $1,600
b) $16,000
c) $72,000
d) $96,000
3. If the frontage of a half acre lot is 100 feet, how deep b
is it?
a) 154 ft
b) 218 ft
c) 248 ft
d) 436 ft
4. An acre is how many Sqft? 43,560
5. Which fact or facts is (are) TRUE concerning the DVA d
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
, NJ Real Estate Exam
Study online at https://quizlet.com/_40sag1
eligibility
d) the DVA fixes the rate of interest charged by the
lender
6. Selling price: $325,000, 20% down and 2 points plus b
$2,000 closing fees. What is the total cash required to
close?
a) 71,500
b) 72,200
c) 73,500
d) 75,600
7. Which of the following is NOT characteristic of a DVA c
loan?
a) loan is guaranteed
b) owner occupied
c) loan is insured
d) little or no down payment
8. If a lender charges 2 points on a $60,000 loan, how b
much does the lender get?
a) 120
b) 1,200
c) 2,400
d) none of the above
9. A broker establishes a company policy of charging no YES
less than 6% commission, is this legal?
10. Money in a trust account, Broker must? a
, NJ Real Estate Exam
Study online at https://quizlet.com/_40sag1
a) keep accurate records
b) may withdraw commission amount
11. One who has the right to sign the name of a principal a
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
12. A deed made and delivered but NOT recorded is: a
a) valid between the parties and valid as to third parties
with notice
b) invalid between the parties
13. Two partners own real estate, one has 60% interest, b
the other has 40% this is :
a) joint tenancy
b) tenancy in common
(no right of survivorship)
14. Which is true of Real Estate Appraisers? d
a) they may not advertise
b) fee is based on % of appraised value
c) must have designation such as MAI or SREA
d) None of the above
15. The term littoral describes which of the following? a
NJ Real Estate Exam
QUESTIONS) AND VERIFIED ANSWERS (MULTIPLE CHOICES)
Study online at https://quizlet.com/_40sag1
|COMPLETE SOLUTIONS |A+ GRADED |100% CORRECT!!
1. If a broker is expecting to receive 6% commission on a d
sale of $250,000 house, what will the commission be?
a) $750
b) $1,500
c) $7,500
d) $15,000
2. A lot measuring 240' by 400' is selling for $400 a front d
foot. What is the price?
a) $1,600
b) $16,000
c) $72,000
d) $96,000
3. If the frontage of a half acre lot is 100 feet, how deep b
is it?
a) 154 ft
b) 218 ft
c) 248 ft
d) 436 ft
4. An acre is how many Sqft? 43,560
5. Which fact or facts is (are) TRUE concerning the DVA d
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
, NJ Real Estate Exam
Study online at https://quizlet.com/_40sag1
eligibility
d) the DVA fixes the rate of interest charged by the
lender
6. Selling price: $325,000, 20% down and 2 points plus b
$2,000 closing fees. What is the total cash required to
close?
a) 71,500
b) 72,200
c) 73,500
d) 75,600
7. Which of the following is NOT characteristic of a DVA c
loan?
a) loan is guaranteed
b) owner occupied
c) loan is insured
d) little or no down payment
8. If a lender charges 2 points on a $60,000 loan, how b
much does the lender get?
a) 120
b) 1,200
c) 2,400
d) none of the above
9. A broker establishes a company policy of charging no YES
less than 6% commission, is this legal?
10. Money in a trust account, Broker must? a
, NJ Real Estate Exam
Study online at https://quizlet.com/_40sag1
a) keep accurate records
b) may withdraw commission amount
11. One who has the right to sign the name of a principal a
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
12. A deed made and delivered but NOT recorded is: a
a) valid between the parties and valid as to third parties
with notice
b) invalid between the parties
13. Two partners own real estate, one has 60% interest, b
the other has 40% this is :
a) joint tenancy
b) tenancy in common
(no right of survivorship)
14. Which is true of Real Estate Appraisers? d
a) they may not advertise
b) fee is based on % of appraised value
c) must have designation such as MAI or SREA
d) None of the above
15. The term littoral describes which of the following? a
