4/10/25, 7:10 AM PSI Real Estate State Exam (NJ) Updated 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accu…
PSI Real Estate State Exam (NJ) Updated 2025
Actual exam (Testing Real Exam Questions)and
verified Answers ( 100% accurate) GET IT RIGHT!!
Save
Terms in this set (119)
When a land owner uses C. an involuntary lien
his land as security for a
loan, the encumbrance
created is called.
If an owner wants to list a C. Question the seller to any known defects
property for sale "as is,"
the listing agent should
According to the New A. licensee must hold a timeshare license
Jersey Real Estate Time
Share Act, if a licensee is
selling a timeshare
located within the state
of New Jersey, all of the
following are true
EXCEPT that the
May a New Jersey real C. Yes, if the broker directs the salesperson not to
estate licensee decline to cooperate
cooperate with other
New Jersey licensees
https://quizlet.com/1029668784/psi-real-estate-state-exam-nj-updated-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-… 1/25
,4/10/25, 7:10 AM PSI Real Estate State Exam (NJ) Updated 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accu…
A motel is the subject of A. Economic obsolesce
an appraisal and it is
determined that
rerouting of a county
highway has limited
customer access to to the
motel. This is an example
of
An exclusive buyer D. The agreement is voidable until a legal
representation description is provided
agreement does not
include a legal
description of the
property. What is the
result of this omisison?
Which of the following D. Unearned rent collections in advance?
items would be prorated
at closing with credit
going to the seller?
Jones and Halstead lice A. Yes, because Jones can force any other property
across the street from owner in the subdivision to comply with deed
each other in a restrictions.
subdivision in which
homeowners are
prohibited by deed
restriction from keeping
large animals on their
property. Jones discovers
that Halstead is keeping
a Shetland pony in the
backyard. Can Jones take
action to enforce the
deed restriction?
https://quizlet.com/1029668784/psi-real-estate-state-exam-nj-updated-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-… 2/25
, 4/10/25, 7:10 AM PSI Real Estate State Exam (NJ) Updated 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accu…
In New Jersey, the fee The Realty Transfer Fee (RTF)
which Must be paid when
fee simple title to a
parcel of real estate
passes for a
consideration from one
party to another is the:
What is the greatest The required down payment may be lower than
ADVANTAGE of using conventional loans
FHA financing when
purchasing a home that
the buyer plans to
occupy?
A broker has a single Seller/ Agent on behalf of the seller
agency relationship with
the seller. Any REQUIRED
property condition
disclosure would be
completed by the
Which of the following C. The seller agrees to sell at a fixed price within a
statements is TRUE stipulated time.
regarding an option
agreement?
A low loan-to-value ratio C. higher equity in the property.
indicated a
An offer was presented C. This is a negotiation that keeps the original offer
but the seller did not alive.
accept the offer; instead
he suggested different
terms that would be
more acceptable. Which
of the following is false?
https://quizlet.com/1029668784/psi-real-estate-state-exam-nj-updated-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-… 3/25
PSI Real Estate State Exam (NJ) Updated 2025
Actual exam (Testing Real Exam Questions)and
verified Answers ( 100% accurate) GET IT RIGHT!!
Save
Terms in this set (119)
When a land owner uses C. an involuntary lien
his land as security for a
loan, the encumbrance
created is called.
If an owner wants to list a C. Question the seller to any known defects
property for sale "as is,"
the listing agent should
According to the New A. licensee must hold a timeshare license
Jersey Real Estate Time
Share Act, if a licensee is
selling a timeshare
located within the state
of New Jersey, all of the
following are true
EXCEPT that the
May a New Jersey real C. Yes, if the broker directs the salesperson not to
estate licensee decline to cooperate
cooperate with other
New Jersey licensees
https://quizlet.com/1029668784/psi-real-estate-state-exam-nj-updated-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-… 1/25
,4/10/25, 7:10 AM PSI Real Estate State Exam (NJ) Updated 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accu…
A motel is the subject of A. Economic obsolesce
an appraisal and it is
determined that
rerouting of a county
highway has limited
customer access to to the
motel. This is an example
of
An exclusive buyer D. The agreement is voidable until a legal
representation description is provided
agreement does not
include a legal
description of the
property. What is the
result of this omisison?
Which of the following D. Unearned rent collections in advance?
items would be prorated
at closing with credit
going to the seller?
Jones and Halstead lice A. Yes, because Jones can force any other property
across the street from owner in the subdivision to comply with deed
each other in a restrictions.
subdivision in which
homeowners are
prohibited by deed
restriction from keeping
large animals on their
property. Jones discovers
that Halstead is keeping
a Shetland pony in the
backyard. Can Jones take
action to enforce the
deed restriction?
https://quizlet.com/1029668784/psi-real-estate-state-exam-nj-updated-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-… 2/25
, 4/10/25, 7:10 AM PSI Real Estate State Exam (NJ) Updated 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accu…
In New Jersey, the fee The Realty Transfer Fee (RTF)
which Must be paid when
fee simple title to a
parcel of real estate
passes for a
consideration from one
party to another is the:
What is the greatest The required down payment may be lower than
ADVANTAGE of using conventional loans
FHA financing when
purchasing a home that
the buyer plans to
occupy?
A broker has a single Seller/ Agent on behalf of the seller
agency relationship with
the seller. Any REQUIRED
property condition
disclosure would be
completed by the
Which of the following C. The seller agrees to sell at a fixed price within a
statements is TRUE stipulated time.
regarding an option
agreement?
A low loan-to-value ratio C. higher equity in the property.
indicated a
An offer was presented C. This is a negotiation that keeps the original offer
but the seller did not alive.
accept the offer; instead
he suggested different
terms that would be
more acceptable. Which
of the following is false?
https://quizlet.com/1029668784/psi-real-estate-state-exam-nj-updated-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-… 3/25
