New Jersey
Real Estate Salesperson
Final Assessment (Qns & Ans)
2025
General Instructions
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
©2024/2025
,1. What is the primary goal of risk management in real estate?
- A. Increase commission
- B. Minimize potential loss
- C. Promote properties
- D. Reach sales targets
Correct ANS: B. Minimize potential loss
2. Which of the following is considered a natural hazard risk in
real estate?
- A. Market fluctuations
- B. Environmental contamination
- C. Flooding
- D. Title disputes
Correct ANS: C. Flooding
3. What type of insurance is essential for protecting real estate
agents against claims of negligence?
- A. Property insurance
- B. Professional liability insurance
- C. General liability insurance
©2024/2025
, - D. Homeowners insurance
Correct ANS: B. Professional liability insurance
4. Which risk management technique involves transferring risk
to another party?
- A. Retention
- B. Avoidance
- C. Reduction
- D. Transfer
Correct ANS: D. Transfer
Contract Law
5. What is the consequence of a contract being deemed void due
to lack of capacity?
- A. The contract is enforceable
- B. The contract is binding
- C. The contract has no legal effect
- D. The contract may be upheld with modifications
Correct ANS: C. The contract has no legal effect
©2024/2025
Real Estate Salesperson
Final Assessment (Qns & Ans)
2025
General Instructions
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
©2024/2025
,1. What is the primary goal of risk management in real estate?
- A. Increase commission
- B. Minimize potential loss
- C. Promote properties
- D. Reach sales targets
Correct ANS: B. Minimize potential loss
2. Which of the following is considered a natural hazard risk in
real estate?
- A. Market fluctuations
- B. Environmental contamination
- C. Flooding
- D. Title disputes
Correct ANS: C. Flooding
3. What type of insurance is essential for protecting real estate
agents against claims of negligence?
- A. Property insurance
- B. Professional liability insurance
- C. General liability insurance
©2024/2025
, - D. Homeowners insurance
Correct ANS: B. Professional liability insurance
4. Which risk management technique involves transferring risk
to another party?
- A. Retention
- B. Avoidance
- C. Reduction
- D. Transfer
Correct ANS: D. Transfer
Contract Law
5. What is the consequence of a contract being deemed void due
to lack of capacity?
- A. The contract is enforceable
- B. The contract is binding
- C. The contract has no legal effect
- D. The contract may be upheld with modifications
Correct ANS: C. The contract has no legal effect
©2024/2025
