New Jersey Real Estate Licensing Exam
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Practice Questions with Verified Answers C C C C C
(Updated 2025) C C
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Which of the following acts is illegal?
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A non-licensed property owner sells a lot to a developer.
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A non-licensed banker collects rents on behalf of the bank.
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A licensed broker shares commission with a real estate attorney.
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A licensed salesperson assists licensed broker with purchase negotia
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tions. - ANSWER-C CC
A licensed broker shares commission with a real estate attorney.
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An unlicensed assistant in a real estate broker's office may: show pr
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operty. CC
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pick up keys.
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host an open house.
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answer questions on listings. - ANSWER-Pick up keys
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Which of the following documents must be retained by a broker for o
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nly six months?
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Trust account records weiver
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Listing agreements C CC
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be contracts of sale
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C
Unaccepted offers to purchase - ANSWER- C C C C CC
Unaccepted offers to purchase C C C C
In New Jersey, no ads for real estate may:
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Indiscriminately promise financing. C C CC
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refer to a home warranty .
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contain the phrase "in the vicinity of."
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offer a free comparative market analysis. -
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ANSWERindiscriminately promise financing.
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The supervising licensee of a main real estate office must NOT be:
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under 25 years old. C C C CC
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otherwise employed. C CC
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,licensed in more than one state.
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a licensed insurance broker. - ANSWER-Otherwise employed
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A Waiver of Broker Cooperation must be completed and signed whe
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n cooperation with other brokers is NOT desired by the:
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seller. CC
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listing broker.
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supervising broker. C CC
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prospective buyer. - ANSWER-Seller C C CC C
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Prohibitions against commingling aimed to prevent:
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mixing brokers' funds with clients' funds.
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Promising financing indiscriminately.C C CC
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representing both parties in a transaction. C C C C C CC
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preventing brokers from lending licenses. - ANSWER-
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Mixing brokers funds with clients funds
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All ads for real estate must specify the : broker's name
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asking price. C CC
, C
property's municipal location listing C C C CC
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expiration date. - ANSWER-Brokers name C C CC C C
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When brokers' licenses are suspended or revoked, their salespersons
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' licenses are
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:not affectedC C
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affected only if they had guilty knowledge.
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suspended until the end of the current license period.
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suspended until they affiliate with another broker-of-record. -
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ANSWER-suspended until they affiliate with another broker-
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ofrecord. C
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Real estate is defined to include all of the components of land and als
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o: CC
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emblements. CC
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trade fixtures. C CC
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personal property. C CC
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man-made improvements - ANSWER-Man made improvents
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C
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Practice Questions with Verified Answers C C C C C
(Updated 2025) C C
C
C
C
C
C
C
Which of the following acts is illegal?
C C C C C C CC
C
A non-licensed property owner sells a lot to a developer.
C C C C C C C C C CC
C
A non-licensed banker collects rents on behalf of the bank.
C C C C C C C C C CC
C
A licensed broker shares commission with a real estate attorney.
C C C C C C C C C CC
C
A licensed salesperson assists licensed broker with purchase negotia
C C C C C C C C
tions. - ANSWER-C CC
A licensed broker shares commission with a real estate attorney.
C C C C C C C C C C
An unlicensed assistant in a real estate broker's office may: show pr
C C C C C C C C C CC C
operty. CC
C
pick up keys.
C C CC
C
host an open house.
C C C CC
C
answer questions on listings. - ANSWER-Pick up keys
C C C C CC C C C
,C
Which of the following documents must be retained by a broker for o
C C C C C C C C C C C C
nly six months?
C C CC
C
Trust account records weiver
C C C C
C
Listing agreements C CC
CC
be contracts of sale
C C C CC
C
Unaccepted offers to purchase - ANSWER- C C C C CC
Unaccepted offers to purchase C C C C
In New Jersey, no ads for real estate may:
C C C C C C C C CC
C
Indiscriminately promise financing. C C CC
C
refer to a home warranty .
C C C C C CC
C
contain the phrase "in the vicinity of."
C C C C C C CC
C
offer a free comparative market analysis. -
C C C C C C
ANSWERindiscriminately promise financing.
CC C C C
C
The supervising licensee of a main real estate office must NOT be:
C C C C C C C C C C C CC
under 25 years old. C C C CC
C
otherwise employed. C CC
C
,licensed in more than one state.
C C C C C CC
C
a licensed insurance broker. - ANSWER-Otherwise employed
C C C C CC C C
C
A Waiver of Broker Cooperation must be completed and signed whe
C C C C C C C C C C
n cooperation with other brokers is NOT desired by the:
C C C C C C C C C CC
C
seller. CC
C
listing broker.
C CC
C
supervising broker. C CC
C
prospective buyer. - ANSWER-Seller C C CC C
C
Prohibitions against commingling aimed to prevent:
C C C C C CC
C
mixing brokers' funds with clients' funds.
C C C C C CC
C
Promising financing indiscriminately.C C CC
C
representing both parties in a transaction. C C C C C CC
C
preventing brokers from lending licenses. - ANSWER-
C C C C C CC
Mixing brokers funds with clients funds
C C C C C C
C
All ads for real estate must specify the : broker's name
C C C C C C C C C C C
C
asking price. C CC
, C
property's municipal location listing C C C CC
C
expiration date. - ANSWER-Brokers name C C CC C C
C
When brokers' licenses are suspended or revoked, their salespersons
C C C C C C C C
' licenses are
C C C
C
:not affectedC C
C
affected only if they had guilty knowledge.
C C C C C C CC
C
suspended until the end of the current license period.
C C C C C C C C CC
C
suspended until they affiliate with another broker-of-record. -
C C C C C C C
ANSWER-suspended until they affiliate with another broker-
CC C C C C C C
ofrecord. C
C
Real estate is defined to include all of the components of land and als
C C C C C C C C C C C C C
o: CC
C
emblements. CC
C
trade fixtures. C CC
C
personal property. C CC
C
man-made improvements - ANSWER-Man made improvents
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