NJ REAL ESTATE EXAM PRACTICE QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GUARANTEED A+

AND 100% CORRECT ANSWERS|LATEST


According to fair housing, which of these is not a protected class?
B B B B B B B B B B B




A. muslim
B




B. arab
B




C. homosexual
B




D. single mother - ANSWER
B B B B C. homosexual
B




The front door key to a house is:
B B B B B B B




A. chattel
B




B. fixture
B




C. improvement
B




D. trade fixture - ANSWER
B B B B B. fixture
B




The phrase "bundle of legal rights" is properly included in:
B B B B B B B B B




A. the definition of real property
B B B B B




B. a legal description
B B B




C. real estate transactions
B B B




D. leases for less than one year - ANSWER
B B B B B B B B A. the definition of real property
B B B B B




An estate at will:
B B B




A. cannot be terminated
B B B




1
Wicky

,B. is terminated only if stated in the else's last will and testament
B B B B B B B B B B B B




C. terminates on the death of the lessor or lessee
B B B B B B B B B




D. terminates on the date specified in the lease agreement -
B B B B B B B B B B



B ANSWER C. terminates on the death of the lessor or lessee
B B B B B B B B B




Which of the following is an essential element of a valid contract for the sale of real estate?
B B B B B B B B B B B B B B B B B




A. price based on certified appraisal
B B B B B




B. signature of the listing broker
B B B B B B




C. offer and acceptance
B B B




D. social security number of buyer and seller - ANSWER
B B B B B B B B B C. offer and acceptance
B B B




The HUD-1 statement will still be used for a mortgage secured by a:
B B B B B B B B B B B B




A. conventional loan used to purchase a single-family dwelling
B B B B B B B B




B. single-family dwelling financed by an FHA-insured loan
B B B B B B B




C. a duplex, in which the purchaser will live, financed by a VA-guarenteed loan
B B B B B B B B B B B B B




D. reverse mortgage - ANSWER
B B B B D. reverse mortgage
B B




Which of the following is a lien that does NOT have to be recorded?
B B B B B B B B B B B B B




A. money judgement
B B




B. real estate taxes
B B B




C. a tax deed
B B B




D. a voluntary lien - ANSWER
B B B B B B. real estate taxes
B B B




Whether a salesperson is associated with a broker as an employee or as an independent contr
B B B B B B B B B B B B B B B



actor is important:
B B




2
Wicky

, A. for income tax purposes
B B B B




B. when applying for a license
B B B B B B




C. when listing property, because and independent contractor may list in her own name
B B B B B B B B B B B B B




D. when establishing the escrow account - ANSWER
B B B B B B B A. for income tax purposes
B B B B




Jane Smith gave the hospital a vacant lot for "as long as it is used for hospital purposes". The h
B B B B B B B B B B B B B B B B B B B



ospital owns a: B B




A. fee determinable
B B




B. remainder interest
B B




C. homestead
B




D. leasehold estate - ANSWER
B B B B A. fee determinable
B B




Which of the following situations will NOT delay closing under TRID rules?
B B B B B B B B B B B




A. escrow amount for taxes and insurance was changed
B B B B B B B B




B. lender could not document applicant's overtime
B B B B B B




C. applicant decided on a different loan program
B B B B B B B




D. prepayment penalty was added -
B B B B B



B ANSWER A. escrow amount for taxes and insurance was changed
B B B B B B B B




Federal income tax regulations allow a homeowner to reduce taxable income by amounts pai
B B B B B B B B B B B B B



d for:
B




A. interest and property tax
B B B B




B. repairs and maintenance
B B B




C. insurance problems
B B




D. all of the above - ANSWER
B B B B B B A. interest and property tax
B B B B




3
Wicky