- Study guides, Class notes & Summaries

This PSI NJ Real Estate Exam practice file includes the most recent 2026 questions with verified correct answers to help candidates prepare effectively. It covers property law, contracts, finance, agency, ethics, and state-specific real estate regulations. Perfect for aspiring real estate agents in New Jersey, this comprehensive resource boosts confidence and ensures thorough exam preparation.

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23 pages

Written in 2025/2026

Grade A+

CornelWest

Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price? - Answer- The first sold. When compiling a competitive market analysis, a broker would look for comparable properties that - Answer- were located near the property being listed. If an older building cannot be air-conditioned, it is an example of - Answer- functional obsolescence. A prospective s...

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12 pages

Written in 2022/2023

Grade A+

QUEENSEXAMS

PSI Practice Exam NJ – New Jersey Practice Questions, Answers & Exam Review 2026/2027

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9 pages

Written in 2026/2027

Grade A+

allowaysbest

PSI NJ Real Estate Exam, PSI Practice Test Questions with Correct answers Latest 2025/2026 GRADED A+PSI NJ Real Estate Exam, PSI Practice Test Questions with Correct answers Latest 2025/2026 GRADED A+PSI NJ Real Estate Exam, PSI Practice Test Questions with Correct answers Latest 2025/2026 GRADED A+

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23 pages

Written in 2024/2025

Grade A+

Lectbrahim

PSI NJ Real Estate Exam Updated 2024/2025;Actual Questions and Answers Verified 100%(ACE in your NJ PSI 2024 test) PSI NJ Real Estate Exam

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21 pages

Written in 2024/2025

Grade A+

Wiseman

PSI NJ EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS Why Choose Yanchy? Expert Test Prep: Get access to comprehensive study guides, practice exams, and tips from top educators to boost your test scores. Assignment Assistance: Struggling with assignments? Our experts are here to help you understand and complete your homework on time. Project Support: From brainstorming to final presentation, our team provides step-by-step guidance to make your projects shine. 24/7 Availability: St...

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17 pages

Written in 2024/2025

Grade A+

YANCHY

Title VIII - correct answer The federal Fair Housing Act of 1968 Civil Right Act of 1866 - correct answer Prohibits property discrimination based on race Blockbusting - correct answer Inducing owners to sell because of entry of minorities into neighborhoods ADA ( American's with Disabilities ACT) - correct answer ...

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5 pages

Written in 2023/2024

Grade A+

RealGrades

NJ Real Estate Commission - correct answer Administration of NJ RE licenses by? Dept. of Banking and Insurance - correct answer NJ Real Estate Commission is under Real Estate License Act Title 14 Chapter 15 - correct answer Licenses governed by? Title 11, Chapter 5 - correct answer Rules and regulation...

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21 pages

Written in 2023/2024

Grade A+

RealGrades

Agency disclosure requirements apply in all of the following transactions EXCEPT A) resale of foreclosed properties B) commercial leases C) new construction D) multifamily sales - correct answer B) commercial leases The period of time over which an improvement to the property will remain useful for its original purpose is known as its a. amortized life. b. chronological life. c. actual life. d. economic life. - correct answer ...

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63 pages

Written in 2023/2024

Grade A+

RealGrades

which of the following causes a grayish build up on the hair - correct answer demi permanent Extended exposure to salon products without proper precautions can effect all of the following epithelial tissues EXCEPT - correct answer cartilage all of the following have to be considered when using solid form techniques except - correct answer length wh...

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11 pages

Written in 2023/2024

Grade A+

RealGrades

An owner hired a construction company to build a swimming pool at a new home. The owner failed to pay the bill once the work was completed and the construction company filed a lien to obtain payment of the debt. The encumbrance created is called - correct answer Mechanic's Lien Although states make specific laws governing water rights and the rights in land that borders water, most states generally follow one of two basic doctrines regarding wat...

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4 pages

Written in 2023/2024

Grade A+

RealGrades

A real estate licensee has a buyer agency agreement. What is the seller in this situation? - correct answer customer An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - correct answer He must exercise his option under the terms of the option contract When can a landlord evict a disabled...

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15 pages

Written in 2023/2024

Grade A+

RealGrades

Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law of supply and demand, which would have sold for the lowest price? - correct answer The first sold. When compiling a competitive market analysis, a broker would look for comparable properties that - correct answer were located near the property being listed. If an older b...

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16 pages

Written in 2023/2024

Grade A+

RealGrades

PSI Practice exam NJ Accurate 100%(ratedall of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - ANSWER C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established by the employer C: plan does not...

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8 pages

Written in 2023/2024

Grade A

nursingismylife

all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - ANSWER C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established by the employer C: plan does not meet federal guidelines for tax benefit...

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8 pages

Written in 2023/2024

Grade A+

papersmaster01

all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - ANSWER C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established by the employer C: plan does not meet federal guidelines for tax benefit...

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3 pages

Written in 2023/2024

Grade A+

papersmaster01

Water Rights - ANSWER-The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - ANSWER-an agent to the broker and a subagent to the principal. Depreciation is calculated based on the - ANSWER-Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender, title is held by the - ANSWER-mortgagor A c...

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13 pages

Written in 2023/2024

Grade A+

papersbyjol

PSI Practice exam NJ/Answered/A+ Rated/2023 all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person C: switching the policy from on insured to another which of the following is characteristic of a non qualified plan: A: defined vesting schedule B: plan established by the employer C: plan does not meet...

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14 pages

Written in 2023/2024

Grade A+

PaulMarks

PSI NJ Real Estate Exam, PSI Practice Test, Complete Correct answers 2022. Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender...

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12 pages

Written in 2022/2023

Grade A+

MedTestPro

PSI NJ Real Estate Exam, PSI Practice Test, Complete Correct answers 2022. Water Rights The terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is an agent to the broker and a subagent to the principal. Depreciation is calculated based on the Cost of the building only. When a property owner uses his home as collateral for a loan and creates a lien in favor of the lender...

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12 pages

Written in 2022/2023

Grade A+

MedTestPro

PSI NJ Real Estate Exam, PSI Practice Test Questions and Answers Correct 100%PSI NJ Real Estate Exam, PSI Practice Test Questions and Answers Correct 100%PSI NJ Real Estate Exam, PSI Practice Test Questions and Answers Correct 100% Water Rights - ANSWERThe terms "littoral," "riparian," and "appropriative" refer to A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is - ANSWERan agent to the broker and a subagent to the princi...

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13 pages

Written in 2022/2023

Grade A

nursingismylife