NJ REAL ESTATE EXAM 2025 QUESTIONS AND ANSWERS
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 - (answer)d
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 - (answer)d
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 - (answer)b
An acre is how many Sqft? - (answer)43,560
Which fact or facts is (are) TRUE concerning the DVA loan?
a) a DVA loan cannot be assumed
b) DVA loans made after March
,NJ REAL ESTATE EXAM 2025 QUESTIONS AND ANSWERS
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 - (answer)d
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 - (answer)b
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 - (answer)c
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 - (answer)b
A broker establishes a company policy of charging no less than 6% commission, is this legal? -
(answer)YES
, NJ REAL ESTATE EXAM 2025 QUESTIONS AND ANSWERS
Money in a trust account, Broker must?
a) keep accurate records
b) may withdraw commission amount - (answer)a
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 - (answer)a
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 - (answer)a
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) - (answer)b
Which is true of Real Estate Appraisers?
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 - (answer)d
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 - (answer)d
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 - (answer)b
An acre is how many Sqft? - (answer)43,560
Which fact or facts is (are) TRUE concerning the DVA loan?
a) a DVA loan cannot be assumed
b) DVA loans made after March
,NJ REAL ESTATE EXAM 2025 QUESTIONS AND ANSWERS
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 - (answer)d
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 - (answer)b
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 - (answer)c
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 - (answer)b
A broker establishes a company policy of charging no less than 6% commission, is this legal? -
(answer)YES
, NJ REAL ESTATE EXAM 2025 QUESTIONS AND ANSWERS
Money in a trust account, Broker must?
a) keep accurate records
b) may withdraw commission amount - (answer)a
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 - (answer)a
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 - (answer)a
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) - (answer)b
Which is true of Real Estate Appraisers?
