NJ Real Estate Exam 2 2025
Actual Exam Questions & Verified Answers /Latest 2025
1. If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the
commission be?
a) $750
b) $1,500
c) $7,500
d) $15,000: d
2. A lot measuring 240' by 400' is selling for $400 a front foot. What is the price?
a) $1,600
b) $16,000
c) $72,000
d) $96,000: d
3. If the frontage of a half-acre lot is 100 feet, how deep is it?
a) 154 ft
b) 218 ft
c) 248 ft
d) 436 ft: b
4. An acre is how many Sqft?: 43,560
5. Which fact or facts is (are) TRUE concerning the 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: d
6. Selling price: $325,000, 20% down and 2 points 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: b
7. Which of the following is NOT characteristic of a DVA loan?
a) loan is guaranteed
b) owner occupied
c) loan is insured
d) little or no down payment: c
8. If a lender charges 2 points on a $60,000 loan, how much does the lender get?
a) 120
b) 1,200
c) 2,400
d) none of the above: b
9. A broker establishes a company policy of charging no less than 6% commission, is this
legal? YES
10. Money in a trust account, Broker must?
a) keep accurate records
b) may withdraw commission amount: a
11. One who has the right to sign the name of a 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
12. A deed made and delivered but NOT recorded is:
a) valid between the parties and valid as to third parties with notice
b) invalid between the parties: a
13. Two partners own real estate, one has 60% interest, the other has 40% this is :
a) joint tenancy
b) tenancy in common (no right of survivorship): b
14. Which is true of Real Estate Appraisers?
a) they may not advertise
Actual Exam Questions & Verified Answers /Latest 2025
1. If a broker is expecting to receive 6% commission on a sale of $250,000 house, what will the
commission be?
a) $750
b) $1,500
c) $7,500
d) $15,000: d
2. A lot measuring 240' by 400' is selling for $400 a front foot. What is the price?
a) $1,600
b) $16,000
c) $72,000
d) $96,000: d
3. If the frontage of a half-acre lot is 100 feet, how deep is it?
a) 154 ft
b) 218 ft
c) 248 ft
d) 436 ft: b
4. An acre is how many Sqft?: 43,560
5. Which fact or facts is (are) TRUE concerning the 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: d
6. Selling price: $325,000, 20% down and 2 points 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: b
7. Which of the following is NOT characteristic of a DVA loan?
a) loan is guaranteed
b) owner occupied
c) loan is insured
d) little or no down payment: c
8. If a lender charges 2 points on a $60,000 loan, how much does the lender get?
a) 120
b) 1,200
c) 2,400
d) none of the above: b
9. A broker establishes a company policy of charging no less than 6% commission, is this
legal? YES
10. Money in a trust account, Broker must?
a) keep accurate records
b) may withdraw commission amount: a
11. One who has the right to sign the name of a 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
12. A deed made and delivered but NOT recorded is:
a) valid between the parties and valid as to third parties with notice
b) invalid between the parties: a
13. Two partners own real estate, one has 60% interest, the other has 40% this is :
a) joint tenancy
b) tenancy in common (no right of survivorship): b
14. Which is true of Real Estate Appraisers?
a) they may not advertise
