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PSI REAL ESTATE STATE EXAM
(NJ) 2025 BRAND NEW ACTUAL EXAM
WITH ANSWERS.
1. Mr. Jones owns a multi-tenant office building and leases
individual spaces. The monthly fixed rent payment includes all
operating expenses. This form of leases is....... - correct
answer-Gross Lease
2. A property located in County F but close to County G may not
be advertised as " in the vicinity of County G" UNLESS: -
correct answer-it is placed in a newspaper under the
municipality heading in which the property is located
3. Negative amortization is - correct answer-an increase in the
principal balance of a loan caused by a failure to cover the
interest due on that loan.
4. When title is given in the creation of an ordinary life estate, the
recipient is permitted possession until - correct answer-The
recipient dies
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5. A buyer's agent is NOT permitted to tell a buyer that: - correct
answer-Former owner had AIDS
6. A seller has given a counteroffer to the buyer. If the seller
receives a second offer for a higher price that she decides to
accept, she must first - correct answer-revoke the counter offer
to the first buyer
7. A salesperson has been selling residential properties for five
years. He would like to get into listing and selling industrial
properties. What would be the salesperson's best course
of....... - correct answer-seek to work with a practicing industrial
broker either in his present company or at another local
brokerage.
8. Which of the following statements in an advertisement WOULD
be an example of non-discriminatory language under HUD's
fair Housing Advertisement..... - correct answer-female seeking
female roommate.
9. All licensees must notify the commission within how many days
of being charges with a crime? - correct answer-30 Days
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10. The IRS allows a married couple who sell their long-time
home to take a tax-free capital gain of up to - correct answer-
$500,000 ($250,000 per individual)
11. According to the New Jersey Real Estate Licensing Laws,
which of the following information is REQUIRED when
advertising on a real estate salesperson's website? - correct
answer-Name of the salesperson's firm
12. A couple visits an open house and fall in love with the floor
plan and location. They tell the host they would love to buy the
house but do not know if they can afford it. In the conversation,
the broker learns that they are currently paying $1750 per
month for rent. Would the principal and interest payments be
within the amount of their current rent if the price is $249,000
with interest rates for a zero down, 30 years mortgage at 5%
interest? Note: 30 years of 5% interest is $5.37. - correct
answer-D. Yes, the payment is within the range of their current
rent amount.
13. A licensee is emailing information regarding an open house
for one of her listings. In addition to complying with state-
PSI REAL ESTATE STATE EXAM
(NJ) 2025 BRAND NEW ACTUAL EXAM
WITH ANSWERS.
1. Mr. Jones owns a multi-tenant office building and leases
individual spaces. The monthly fixed rent payment includes all
operating expenses. This form of leases is....... - correct
answer-Gross Lease
2. A property located in County F but close to County G may not
be advertised as " in the vicinity of County G" UNLESS: -
correct answer-it is placed in a newspaper under the
municipality heading in which the property is located
3. Negative amortization is - correct answer-an increase in the
principal balance of a loan caused by a failure to cover the
interest due on that loan.
4. When title is given in the creation of an ordinary life estate, the
recipient is permitted possession until - correct answer-The
recipient dies
, Page | 2
5. A buyer's agent is NOT permitted to tell a buyer that: - correct
answer-Former owner had AIDS
6. A seller has given a counteroffer to the buyer. If the seller
receives a second offer for a higher price that she decides to
accept, she must first - correct answer-revoke the counter offer
to the first buyer
7. A salesperson has been selling residential properties for five
years. He would like to get into listing and selling industrial
properties. What would be the salesperson's best course
of....... - correct answer-seek to work with a practicing industrial
broker either in his present company or at another local
brokerage.
8. Which of the following statements in an advertisement WOULD
be an example of non-discriminatory language under HUD's
fair Housing Advertisement..... - correct answer-female seeking
female roommate.
9. All licensees must notify the commission within how many days
of being charges with a crime? - correct answer-30 Days
, Page | 3
10. The IRS allows a married couple who sell their long-time
home to take a tax-free capital gain of up to - correct answer-
$500,000 ($250,000 per individual)
11. According to the New Jersey Real Estate Licensing Laws,
which of the following information is REQUIRED when
advertising on a real estate salesperson's website? - correct
answer-Name of the salesperson's firm
12. A couple visits an open house and fall in love with the floor
plan and location. They tell the host they would love to buy the
house but do not know if they can afford it. In the conversation,
the broker learns that they are currently paying $1750 per
month for rent. Would the principal and interest payments be
within the amount of their current rent if the price is $249,000
with interest rates for a zero down, 30 years mortgage at 5%
interest? Note: 30 years of 5% interest is $5.37. - correct
answer-D. Yes, the payment is within the range of their current
rent amount.
13. A licensee is emailing information regarding an open house
for one of her listings. In addition to complying with state-
