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NJ REAL ESTATE EXAM ACTUAL EXAM|| ACCURATE
AND FREQUENTLY TESTED QUESTIONS AND 100%
CORRECT ANSWERS WITH RATIONALES|| LATEST
AND COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS!!
When the owner of a company suffer financial loss from the exercise of police
power, such as through the application of zoning laws...?
a) the owner must be justly compensated for the loss
b) there is a condemnation proceeding
c) the owners will never be allowed to continue their use under the former zoning
d) the owner can appeal to the zoning commission - ANSWER: c
A floodplain control regulation is an example of which type of governmental
power?
a) eminent domain
b) police power
c) subdivision
d) attachment - ANSWER: a
An action brought by a landowner against the government in which the landowner
claims money damages because her property value has lessened due to government
action is BEST called?
a) subrogation
b) attachment
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c) inverse condemnation
d) lis pendens - ANSWER: c
Which is not an example of external obsolescence?
a) population density
b) direct effect of inclement weather
c) zoning
d) special assessments - ANSWER: b
The gross income multiplier is calculated by dividing the sales price by the ..
a) monthly net income
b) monthly gross income
c) annual net income
d) annual gross income - ANSWER: d
Which lien would have top priority in the event of foreclosure of the subject
property?
a) state income tax lien recorded first
b) federal estate tax lien recorded second
c) mechanics lien for work commenced before any other lien was recorded
d) state property tax lien recorded last - ANSWER: d
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Items that are affixed as appurtenances to land are usually real property. Which of
these items is NOT real property?
a) growing trees
b) trade fixtures
c) buried water tanks
d) buildings - ANSWER: b
The difference between police power and eminent domain can be BEST
determined by whether...
a) the action was by sovereign or by statute
b) any compensation was paid to the owner
c) the owners use was affected
d) the improvements are to be razed - ANSWER: b
A man executed a will. After his death, the probate court declared the will invalid
because it did not meet the state law requirements. Who will receive title to the
mans estate?
a) the devisees named in the will
b) those entitled under that state laws of intestate succession
c) the property escheats to the state
d) the previous owners of the property - ANSWER: b
A broker failed to pay his federal income taxes for the past four years. Which of
the following is MOST likely to happen?
NJ REAL ESTATE EXAM ACTUAL EXAM|| ACCURATE
AND FREQUENTLY TESTED QUESTIONS AND 100%
CORRECT ANSWERS WITH RATIONALES|| LATEST
AND COMPLETE UPDATE WITH EXPERT VERIFIED
SOLUTIONS|| SURE PASS!!
When the owner of a company suffer financial loss from the exercise of police
power, such as through the application of zoning laws...?
a) the owner must be justly compensated for the loss
b) there is a condemnation proceeding
c) the owners will never be allowed to continue their use under the former zoning
d) the owner can appeal to the zoning commission - ANSWER: c
A floodplain control regulation is an example of which type of governmental
power?
a) eminent domain
b) police power
c) subdivision
d) attachment - ANSWER: a
An action brought by a landowner against the government in which the landowner
claims money damages because her property value has lessened due to government
action is BEST called?
a) subrogation
b) attachment
,2|Page
c) inverse condemnation
d) lis pendens - ANSWER: c
Which is not an example of external obsolescence?
a) population density
b) direct effect of inclement weather
c) zoning
d) special assessments - ANSWER: b
The gross income multiplier is calculated by dividing the sales price by the ..
a) monthly net income
b) monthly gross income
c) annual net income
d) annual gross income - ANSWER: d
Which lien would have top priority in the event of foreclosure of the subject
property?
a) state income tax lien recorded first
b) federal estate tax lien recorded second
c) mechanics lien for work commenced before any other lien was recorded
d) state property tax lien recorded last - ANSWER: d
, 3|Page
Items that are affixed as appurtenances to land are usually real property. Which of
these items is NOT real property?
a) growing trees
b) trade fixtures
c) buried water tanks
d) buildings - ANSWER: b
The difference between police power and eminent domain can be BEST
determined by whether...
a) the action was by sovereign or by statute
b) any compensation was paid to the owner
c) the owners use was affected
d) the improvements are to be razed - ANSWER: b
A man executed a will. After his death, the probate court declared the will invalid
because it did not meet the state law requirements. Who will receive title to the
mans estate?
a) the devisees named in the will
b) those entitled under that state laws of intestate succession
c) the property escheats to the state
d) the previous owners of the property - ANSWER: b
A broker failed to pay his federal income taxes for the past four years. Which of
the following is MOST likely to happen?
