New Jersey Real Estate Licensing Exam Practice Questions with Verified Answers (Updated 2025)

New Jersey Real Estate Licensing Exam
C C C C C C




Practice Questions with Verified Answers C C C C C




(Updated 2025) C C




C



C


C


C


C


C




Which of the following acts is illegal?
C C C C C C CC



C




A non-licensed property owner sells a lot to a developer.
C C C C C C C C C CC



C




A non-licensed banker collects rents on behalf of the bank.
C C C C C C C C C CC



C




A licensed broker shares commission with a real estate attorney.
C C C C C C C C C CC



C




A licensed salesperson assists licensed broker with purchase negotia
C C C C C C C C




tions. - ANSWER-C CC




A licensed broker shares commission with a real estate attorney.
C C C C C C C C C C




An unlicensed assistant in a real estate broker's office may: show pr
C C C C C C C C C CC C




operty. CC



C




pick up keys.
C C CC



C




host an open house.
C C C CC



C




answer questions on listings. - ANSWER-Pick up keys
C C C C CC C C C

,C




Which of the following documents must be retained by a broker for o
C C C C C C C C C C C C




nly six months?
C C CC



C




Trust account records weiver
C C C C



C




Listing agreements C CC



CC




be contracts of sale
C C C CC



C




Unaccepted offers to purchase - ANSWER- C C C C CC




Unaccepted offers to purchase C C C C




In New Jersey, no ads for real estate may:
C C C C C C C C CC



C




Indiscriminately promise financing. C C CC



C




refer to a home warranty .
C C C C C CC



C




contain the phrase "in the vicinity of."
C C C C C C CC



C




offer a free comparative market analysis. -
C C C C C C




ANSWERindiscriminately promise financing.
CC C C C



C




The supervising licensee of a main real estate office must NOT be:
C C C C C C C C C C C CC




under 25 years old. C C C CC



C




otherwise employed. C CC



C

,licensed in more than one state.
C C C C C CC



C




a licensed insurance broker. - ANSWER-Otherwise employed
C C C C CC C C



C



A Waiver of Broker Cooperation must be completed and signed whe
C C C C C C C C C C




n cooperation with other brokers is NOT desired by the:
C C C C C C C C C CC



C




seller. CC



C




listing broker.
C CC



C




supervising broker. C CC



C




prospective buyer. - ANSWER-Seller C C CC C



C




Prohibitions against commingling aimed to prevent:
C C C C C CC



C




mixing brokers' funds with clients' funds.
C C C C C CC



C




Promising financing indiscriminately.C C CC



C




representing both parties in a transaction. C C C C C CC



C




preventing brokers from lending licenses. - ANSWER-
C C C C C CC




Mixing brokers funds with clients funds
C C C C C C



C




All ads for real estate must specify the : broker's name
C C C C C C C C C C C



C




asking price. C CC

, C




property's municipal location listing C C C CC



C




expiration date. - ANSWER-Brokers name C C CC C C



C




When brokers' licenses are suspended or revoked, their salespersons
C C C C C C C C




' licenses are
C C C



C




:not affectedC C



C




affected only if they had guilty knowledge.
C C C C C C CC



C




suspended until the end of the current license period.
C C C C C C C C CC



C




suspended until they affiliate with another broker-of-record. -
C C C C C C C




ANSWER-suspended until they affiliate with another broker-
CC C C C C C C




ofrecord. C



C



Real estate is defined to include all of the components of land and als
C C C C C C C C C C C C C




o: CC



C




emblements. CC



C




trade fixtures. C CC



C




personal property. C CC



C




man-made improvements - ANSWER-Man made improvents
C C CC C C C



C