New Jersey Real Estate Study Guide
2025-2026 Exam with Multiple Choices
Questions and Verified Answers Latest
Updated
According to fair housing, which of these is not a protected class?
A. muslim
B. arab
C. homosexual
D. single mother - CORRECT ANSWERS C. homosexual
The front door key to a house is:
A. chattel
B. fixture
C. improvement
D. trade fixture - CORRECT ANSWERS B. fixture
The phrase "bundle of legal rights" is properly included in:
A. the definition of real property
B. a legal description
C. real estate transactions
D. leases for less than one year - CORRECT ANSWERS A. the definition of real
property
An estate at will:
A. cannot be terminated
B. is terminated only if stated in the else's last will and testament
C. terminates on the death of the lessor or lessee
D. terminates on the date specified in the lease agreement - CORRECT
ANSWERS C. terminates on the death of the lessor or lessee
Which of the following is an essential element of a valid contract for the sale of
real estate?
A. price based on certified appraisal
B. signature of the listing broker
, C. offer and acceptance
D. social security number of buyer and seller - CORRECT ANSWERS C. offer
and acceptance
The HUD-1 statement will still be used for a mortgage secured by a:
A. conventional loan used to purchase a single-family dwelling
B. single-family dwelling financed by an FHA-insured loan
C. a duplex, in which the purchaser will live, financed by a VA-guarenteed loan
D. reverse mortgage - CORRECT ANSWERS D. reverse mortgage
Which of the following is a lien that does NOT have to be recorded?
A. money judgement
B. real estate taxes
C. a tax deed
D. a voluntary lien - CORRECT ANSWERS B. real estate taxes
Whether a salesperson is associated with a broker as an employee or as an
independent contractor is important:
A. for income tax purposes
B. when applying for a license
C. when listing property, because and independent contractor may list in her
own name
D. when establishing the escrow account - CORRECT ANSWERS A. for income
tax purposes
Jane Smith gave the hospital a vacant lot for "as long as it is used for hospital
purposes". The hospital owns a:
A. fee determinable
B. remainder interest
C. homestead
D. leasehold estate - CORRECT ANSWERS A. fee determinable
Which of the following situations will NOT delay closing under TRID rules?
A. escrow amount for taxes and insurance was changed
B. lender could not document applicant's overtime
C. applicant decided on a different loan program
D. prepayment penalty was added - CORRECT ANSWERS A. escrow amount for
taxes and insurance was changed
Federal income tax regulations allow a homeowner to reduce taxable income by
amounts paid for:
2025-2026 Exam with Multiple Choices
Questions and Verified Answers Latest
Updated
According to fair housing, which of these is not a protected class?
A. muslim
B. arab
C. homosexual
D. single mother - CORRECT ANSWERS C. homosexual
The front door key to a house is:
A. chattel
B. fixture
C. improvement
D. trade fixture - CORRECT ANSWERS B. fixture
The phrase "bundle of legal rights" is properly included in:
A. the definition of real property
B. a legal description
C. real estate transactions
D. leases for less than one year - CORRECT ANSWERS A. the definition of real
property
An estate at will:
A. cannot be terminated
B. is terminated only if stated in the else's last will and testament
C. terminates on the death of the lessor or lessee
D. terminates on the date specified in the lease agreement - CORRECT
ANSWERS C. terminates on the death of the lessor or lessee
Which of the following is an essential element of a valid contract for the sale of
real estate?
A. price based on certified appraisal
B. signature of the listing broker
, C. offer and acceptance
D. social security number of buyer and seller - CORRECT ANSWERS C. offer
and acceptance
The HUD-1 statement will still be used for a mortgage secured by a:
A. conventional loan used to purchase a single-family dwelling
B. single-family dwelling financed by an FHA-insured loan
C. a duplex, in which the purchaser will live, financed by a VA-guarenteed loan
D. reverse mortgage - CORRECT ANSWERS D. reverse mortgage
Which of the following is a lien that does NOT have to be recorded?
A. money judgement
B. real estate taxes
C. a tax deed
D. a voluntary lien - CORRECT ANSWERS B. real estate taxes
Whether a salesperson is associated with a broker as an employee or as an
independent contractor is important:
A. for income tax purposes
B. when applying for a license
C. when listing property, because and independent contractor may list in her
own name
D. when establishing the escrow account - CORRECT ANSWERS A. for income
tax purposes
Jane Smith gave the hospital a vacant lot for "as long as it is used for hospital
purposes". The hospital owns a:
A. fee determinable
B. remainder interest
C. homestead
D. leasehold estate - CORRECT ANSWERS A. fee determinable
Which of the following situations will NOT delay closing under TRID rules?
A. escrow amount for taxes and insurance was changed
B. lender could not document applicant's overtime
C. applicant decided on a different loan program
D. prepayment penalty was added - CORRECT ANSWERS A. escrow amount for
taxes and insurance was changed
Federal income tax regulations allow a homeowner to reduce taxable income by
amounts paid for:
