1|Page
NJ Real Estate Licensing Exam 2025 with 330
Questions and Correct Verified Answers / New
Jersey Real Estate License Exam Prep / NJ Real
Estate State Exam 2025
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) $15,000
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) $96,000
,2|Page
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) 218 ft
An acre is how many Sqft? - ...ANSWER...✓✓ 1 Acre=
43,560 Sqft.
A section = 640 acres
Life Estate - ...ANSWER...✓✓ Is limited to the life of a
specific person; life estate ends with the death of the
owner.
Which fact or facts is (are) TRUE concerning the DVA
loan?
a) a DVA loan cannot be assumed
b) DVA loans made after March
,3|Page
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) the DVA fixes the rate of interest
charged by the lender.
If the tenant exercises his option to buy, can he force the
landlord to sell? - ...ANSWER...✓✓ YES
A "JUMBO" loan is: - ...ANSWER...✓✓ A loan higher than
the secondary markets limit.
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) $72,200
, 4|Page
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) loan is
insured
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) $1,200
A broker establishes a company policy of charging no
less than 6% commission, is this legal? - ...ANSWER...✓✓
YES
Money in a trust account, Broker must?
NJ Real Estate Licensing Exam 2025 with 330
Questions and Correct Verified Answers / New
Jersey Real Estate License Exam Prep / NJ Real
Estate State Exam 2025
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) $15,000
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) $96,000
,2|Page
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) 218 ft
An acre is how many Sqft? - ...ANSWER...✓✓ 1 Acre=
43,560 Sqft.
A section = 640 acres
Life Estate - ...ANSWER...✓✓ Is limited to the life of a
specific person; life estate ends with the death of the
owner.
Which fact or facts is (are) TRUE concerning the DVA
loan?
a) a DVA loan cannot be assumed
b) DVA loans made after March
,3|Page
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) the DVA fixes the rate of interest
charged by the lender.
If the tenant exercises his option to buy, can he force the
landlord to sell? - ...ANSWER...✓✓ YES
A "JUMBO" loan is: - ...ANSWER...✓✓ A loan higher than
the secondary markets limit.
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) $72,200
, 4|Page
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) loan is
insured
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) $1,200
A broker establishes a company policy of charging no
less than 6% commission, is this legal? - ...ANSWER...✓✓
YES
Money in a trust account, Broker must?
