NJ REAL ESTATE EXAM QUESTIONS |
COMPREHENSIVE NEW JERSEY REAL
ESTATE LICENSING STUDY GUIDE, EXAM
PREP, PRACTICE TEST AND CORRECT
ANSWERS
UPDATED QUESTIONS AND ANSWERS
100% VERIFIED EXAM PREP
[EXAM• STUDY GUIDE • SUMMARY • ASSIGNMENT]
A clean, organized resource designed for easy revision and reference.
QUICK • CLEAR • PROFESSIONAL
,According to New Jersey License Law, A licensee who wants d. disclose in the contract of sale that the seller holds a New Jersey Real Estate license
to sell property that the licensee owns MUST?
a) list the same property eith another licensee in the same
office
b) disclose the ownership interest in any advertisement of the
property
c) disclose the ownership interest in any notice submitted on
the listing to the MLS
d) disclose in the contract of sale that the seller holds a New
Jersey Real Estate license
With respect to the Mount Laurel requirements, Which of the c. lower and moderate since people may not be excluded from New Jersey municipalities
following statements is correct? by zoning ordinances
a) It is unlawful for a landlord to refuse to rent to a couple
because they have children under the age of 14
b) under certain circumstances, a tenant has the right to have a
repair made and deduct the cost from the repair from the rent
c) lower and moderate since people may not be excluded
from New Jersey municipalities by zoning ordinances
d) minority prospects may not be directed to minority
populated communities without being offered opportunities in
other areas in that price range
In New Jersey, the realty transfer fee appears on the closing a. debit to the seller
statement as:
a. debit to the seller
b. debit to the buyer
c. credit to the seller
d. credit to the buyer
,A residential developer desires to limit all construction in a c. petition for a zoning change
subdivision to single family houses of at least 3,000 square
feet. Which of the following is the BEST way for the developer
to ensure this will take place
a. have an architectural review committee approve building
plans
b. establish a homeowners association
c. Petition for a zoning change
d. create deed restrictions
Which of the following will NOT be considered relevant if a. Records of the houses shown and properties suggested to the prospective buyer
HUD investigates a prospective home buyer's allegation of
discriminatory treatment by a licensee in a brokerage office?
a. Records of the houses shown and properties suggested to
the prospective buyer
b. Whether or not the HUD Equal Housing Opportunity post is
displayed in the office
c. Whether the licensee believed she was acting in the best
interests of the prospective buyer
d. The reports of undercover testers who visited the office
A licensee is emailing information regarding an open house a. opt-out provision
for one of her listings. In addition to complying with state-
specific requirements for advertising, which of the following
must be included in the email?
A. opt-out provision
B. how the recipient's name was obtained
C. complete property address
D. listing sale price
A complaint must be filed with HUB within what period of time b. 1 year
after fair housing violation has occurred
a. 1 month
b. 1 year
c. 10 years
d. indefinitely
, Which of the following best defines a material fact in real c. a fact significant enough to influence an individuals decision about whether or not to
estate context? purchase
a. a property deficiency that must be recorded at the time of
sale
b. a representation made on a licensee's marking sheet that
has been verified by the licensee
c. a fact significant enough to influence an individuals decision
about whether or not to purchase
d. a latent deficiency of a property that may be disclosed to a
prospective buyer only if an offer is made
A lender whose mortgagor has defaulted may be offered a c. The lender will usually retain his rights under mortgage insurance or VA guarantee.
deed in lieu of foreciosure, he accepts, which of the following
will be TRUE?
A. Because it is voluntary it will not be an adverse item on the
buyer's credit
B. The lender will take the title subject to any junior liens
C. The lender will usually retain his rights under mortgage
insurance or VA guarantee.
D The loan will still be assumable
According to New Jersey Real Estate Licensing Law, what is d. 6 years
the maintenance requirement for all records of real estate
transactions?
a. 10 days
b. 1 year
c. 6 months
d. 6 years
Standard title insurance would protect a buyer a. when the seller has forged his ex wife's signature on the deed
a. when the seller has forged his ex wife's signature on the
deed
b. After the HOA has placed a lien on the property for the
previous owners unpaid dues
c. in a purchase where the buyer had knowledge of a shed
violating setback requirements
d. For the purchase of a property bought sight unseen where
the buyer discovers a tenant living at the property
COMPREHENSIVE NEW JERSEY REAL
ESTATE LICENSING STUDY GUIDE, EXAM
PREP, PRACTICE TEST AND CORRECT
ANSWERS
UPDATED QUESTIONS AND ANSWERS
100% VERIFIED EXAM PREP
[EXAM• STUDY GUIDE • SUMMARY • ASSIGNMENT]
A clean, organized resource designed for easy revision and reference.
QUICK • CLEAR • PROFESSIONAL
,According to New Jersey License Law, A licensee who wants d. disclose in the contract of sale that the seller holds a New Jersey Real Estate license
to sell property that the licensee owns MUST?
a) list the same property eith another licensee in the same
office
b) disclose the ownership interest in any advertisement of the
property
c) disclose the ownership interest in any notice submitted on
the listing to the MLS
d) disclose in the contract of sale that the seller holds a New
Jersey Real Estate license
With respect to the Mount Laurel requirements, Which of the c. lower and moderate since people may not be excluded from New Jersey municipalities
following statements is correct? by zoning ordinances
a) It is unlawful for a landlord to refuse to rent to a couple
because they have children under the age of 14
b) under certain circumstances, a tenant has the right to have a
repair made and deduct the cost from the repair from the rent
c) lower and moderate since people may not be excluded
from New Jersey municipalities by zoning ordinances
d) minority prospects may not be directed to minority
populated communities without being offered opportunities in
other areas in that price range
In New Jersey, the realty transfer fee appears on the closing a. debit to the seller
statement as:
a. debit to the seller
b. debit to the buyer
c. credit to the seller
d. credit to the buyer
,A residential developer desires to limit all construction in a c. petition for a zoning change
subdivision to single family houses of at least 3,000 square
feet. Which of the following is the BEST way for the developer
to ensure this will take place
a. have an architectural review committee approve building
plans
b. establish a homeowners association
c. Petition for a zoning change
d. create deed restrictions
Which of the following will NOT be considered relevant if a. Records of the houses shown and properties suggested to the prospective buyer
HUD investigates a prospective home buyer's allegation of
discriminatory treatment by a licensee in a brokerage office?
a. Records of the houses shown and properties suggested to
the prospective buyer
b. Whether or not the HUD Equal Housing Opportunity post is
displayed in the office
c. Whether the licensee believed she was acting in the best
interests of the prospective buyer
d. The reports of undercover testers who visited the office
A licensee is emailing information regarding an open house a. opt-out provision
for one of her listings. In addition to complying with state-
specific requirements for advertising, which of the following
must be included in the email?
A. opt-out provision
B. how the recipient's name was obtained
C. complete property address
D. listing sale price
A complaint must be filed with HUB within what period of time b. 1 year
after fair housing violation has occurred
a. 1 month
b. 1 year
c. 10 years
d. indefinitely
, Which of the following best defines a material fact in real c. a fact significant enough to influence an individuals decision about whether or not to
estate context? purchase
a. a property deficiency that must be recorded at the time of
sale
b. a representation made on a licensee's marking sheet that
has been verified by the licensee
c. a fact significant enough to influence an individuals decision
about whether or not to purchase
d. a latent deficiency of a property that may be disclosed to a
prospective buyer only if an offer is made
A lender whose mortgagor has defaulted may be offered a c. The lender will usually retain his rights under mortgage insurance or VA guarantee.
deed in lieu of foreciosure, he accepts, which of the following
will be TRUE?
A. Because it is voluntary it will not be an adverse item on the
buyer's credit
B. The lender will take the title subject to any junior liens
C. The lender will usually retain his rights under mortgage
insurance or VA guarantee.
D The loan will still be assumable
According to New Jersey Real Estate Licensing Law, what is d. 6 years
the maintenance requirement for all records of real estate
transactions?
a. 10 days
b. 1 year
c. 6 months
d. 6 years
Standard title insurance would protect a buyer a. when the seller has forged his ex wife's signature on the deed
a. when the seller has forged his ex wife's signature on the
deed
b. After the HOA has placed a lien on the property for the
previous owners unpaid dues
c. in a purchase where the buyer had knowledge of a shed
violating setback requirements
d. For the purchase of a property bought sight unseen where
the buyer discovers a tenant living at the property
