REAL ESTATE EXAM 2025|QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+|VERIFIED

100% CORRECT ANSWERS|LATEST


Non Licensed Banker can Collect rent on behalf of the bank - ANSWER
B B B B B B B B B B B B TRUE



Unlicensed assistant can and cant.. - B B B B B



B ANSWER can drop off keys, cant host an open house
B B B B B B B B




Rejected offers/expired listings are retained for - ANSWER
B B B B B B B 6 months
B




NJ Real Estate License renews - ANSWER
B B B B B B July 1 every odd year
B B B B




Broker candidate does ___ class hours - ANSWER
B B B B B B B 75 + 150 hours
B B B




Non NJ residents can be NJ Realtors if - ANSWER
B B B B B B B B B they agree to be sued by the state of NJ
B B B B B B B B B




Insurance brokers need - ANSWER B B B B real estate license, not companies
B B B B




Veterans can get license - B B B B



B ANSWER at 18. They can skip real estate school and take the state exam.
B B B B B B B B B B B B




If you are buying a house and have a license, you must -
B B B B B B B B B B B B



B ANSWER state that you are a salesperson
B B B B B




Dual Agency - ANSWER
B B B need written and informed consent from both parties
B B B B B B B




Commission rates - ANSWER B B B are negotiable
B




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Wicky

, Real estate licenses get suspended for -
B B B B B B



ANSWER
B A licensing cycle if the broker gets in trouble. You do have a right to move to a
B B B B B B B B B B B B B B B B B B



new company
B




__ Days notice before a hearing - ANSWER
B B B B B B B 10 days B




Attorney review is _______ - B B B B



B ANSWER optional, but you should always advise the client to takt that route
B B B B B B B B B B B




Buyer gives upfront deposit, money goes into an escrow/trust account in -
B B B B B B B B B B B



B ANSWER 5 days. IF a new offer comes in, they have 5 days to get it out
B B B B B B B B B B B B B B B




Broker needs to put $$ into an - ANSWER
B B B B B B B B escrow account (within 5 days)
B B B B




Rebate of commission can be given to the -
B B B B B B B B



B ANSWER buyer. Has to be in the agency agreement
B B B B B B B




Who determines the value? - ANSWER
B B B B B The buyer B




Property disclosure - ANSWER B B B should always be encouraged for liability purposes
B B B B B B




Licensee earns money through brokerage, get paid within__ -
B B B B B B B B



B ANSWER 10 days post closing
B B B




Selling your own listing with your own buyer. -
B B B B B B B B



ANSWER
B you don't get paid by both parties. NO DUAL COMPENSATION FOR DUAL AGE
B B B B B B B B B B B B



NCY.



NJ License law - ANSWER
B B B B Title 45 ch 15 (licensing law)
B B B B B B




2
Wicky