RERA BROKER PREPARATION TEST 2026
QUESTIONS AND CORRECT ANSWERS
GRADED A+
● Broker-salesperson. Answer: Fully qualified broker who remains
under another broker's supervision
● Bureau of Subdivided Land Sales Control. Answer: Division of Real
Estate Commission that approves and registers some out-of-state
property.
● Continuing Education. Answer: Classes required for license renewal -
12 hours every 2 years
● NJ Guaranty Fund. Answer: 1. Reimburses members of the public who
won unreimbursed judgements against real estate agents or brokerages.
2. Funded by initial licensing fee of agents $10 or brokers associates
$20.
3. Maximum reimbursement $20,000
4. License revoked until agent/broker reimburse funds plus interest.
● New Jersey Real Estate Commission (REC). Answer: Administrator of
real estate licenses. 8 members appointed by the Governor and serve 3
year terms.
QUESTIONS AND CORRECT ANSWERS
GRADED A+
● Broker-salesperson. Answer: Fully qualified broker who remains
under another broker's supervision
● Bureau of Subdivided Land Sales Control. Answer: Division of Real
Estate Commission that approves and registers some out-of-state
property.
● Continuing Education. Answer: Classes required for license renewal -
12 hours every 2 years
● NJ Guaranty Fund. Answer: 1. Reimburses members of the public who
won unreimbursed judgements against real estate agents or brokerages.
2. Funded by initial licensing fee of agents $10 or brokers associates
$20.
3. Maximum reimbursement $20,000
4. License revoked until agent/broker reimburse funds plus interest.
● New Jersey Real Estate Commission (REC). Answer: Administrator of
real estate licenses. 8 members appointed by the Governor and serve 3
year terms.
