Get real New-Jersey-Real-Estate-Salesperson exam questions for better preparation
Real Real Estate New-Jersey-Real-Estate-Salesperson practice exam questions for easy pass!
Updated: Jul 04, 2026
No. of Questions: 122 Questions & Answers with Testing Engine
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Real Estate New Jersey Real Estate Salesperson Sample Questions:
1. A couple secured a home mortgage loan from a lender who appraised the property at $92,500. If the loan-to- value ratio on the property was 85%, what was the minimum amount the couple needed for the down payment?
A) $10,882
B) $7,862
C) $13,875
D) $6,166
2. Which action would be allowed according to the Federal Fair Housing law?
A) Broker A meets a new Hispanic buyer client. Broker B just sold a handful of condos to other Hispanic buyers in the Kentwood neighborhood, so broker A suggests the new buyer might be comfortable in that neighborhood.
B) A lender receives notice that a loan application submitted on behalf of a client has been denied. The lender knew the borrower was well qualified, but is told that area is off limits for new loans because of its crime rate.
C) A landlord receives a rental application from a prospective tenant, who came from Russia a few years ago to attend the local university. The lender denies the rental application after asking for the prospective tenant's visa and determines that it expires in 3 months.
D) A broker informs a potential seller that there is an influx of immigrants snatching up rentals in the neighborhood, so this would be a good time to sell.
3. A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties?
A) Commercial building that does not exceed 10,000 square feet
B) Single family residential vacant lot
C) Subdivision of fifteen or more lots
D) Six-family dwelling unit, a portion of which is used for non-residential purposes
4. Which of the following statements would most likely be considered mere "puffing"?
A) This area is expected to increase in value by 25% within the next year.
B) This lot has the most beautiful view of the lake.
C) The utility costs in this home are lower than in any other home in the neighborhood.
D) Children from this neighborhood have the highest SAT scores.
5. Broker P is the sole proprietor of XYZ Realty. P employs five salespersons, all of whom have been practicing real estate for at least two years. Under the license law, if P should die, which of the following actions can be taken?
A) The Real Estate Commission can direct an experienced broker with another firm to conclude all pending business.
B) A salesperson holding a real estate license for at least three years can apply for a temporary broker's license in order to continue the firm's activity.
C) The most experienced salesperson can act as broker for a maximum of six months until a permanent replacement broker is licensed.
D) All sales contracts can be declared null and void and all salespersons will lose their licenses until establishing employment with another broker.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |
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