NJ Real Estate School Practice Exam 2026/2027 –
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Terms in this set (109)
When talking with a broker about a. Refuse the listing if Frank intends to violate the
listing his home for sale, Frank Law Against Discrimination
Jackson made it clear that he " did
not want to have the house shown to
people who would change the
neighborhood". What must the
broker do?
a. Refuse the listing if Frank intends
to violate the Law Against
Discrimination
b. Refuse the listing unless Frank is
willing to offer seller-financing
c. Accept the listing on the condition
that Frank will not be present when
the house is shown
d. Accept the listing after explaining
to Frank that discrimination is illegal
,Which of the following acts is illegal? c. A licensed broker shares a commission with a
real estate attorney
a. A non-licensed property owner
sells a lot to a developer.
b. A non-licensed banker collects
rents on behalf of the bank.
c. A licensed broker shares a
commission with a real estate
attorney.
d. A licensed salesperson assists a
licensed broker with purchase
negotiations.
An unlicensed assistant in a real b. pick up keys.
estate brokers office may
a. show property.
b. pick up keys.
c. host an open house.
d. answer questions on listings.
Which of the following documents d. Unaccepted offers to purchase
must be retained by a broker for only
six months?
a. Trust account records
b. Listing agreements
c. Contracts of sale
d. Unaccepted offers to purchase
,In New Jersey, no ads for real estate a. indiscriminately promise financing.
may
a. indiscriminately promise financing.
b. refer to a home warranty.
c. contain the phrase "in the vicinity
of"
d. offer a free competitive market
analysis.
The supervising licensee for a main b. otherwise employed
real estate office must NOT be
a. under 25 years old
b. otherwise employed
c. licensed in more than one state
d. a licensed insurance broker
a WAIVER OF BROKER a. the seller
COOPERATION must be completed
and signed when cooperation with
other brokers is NOT desired by
a. the seller
b. listing broker
c. supervising broker
d. prospective buyer
, Prohibitions against COMMINGLING a. mixing brokers' funds with clients' funds
are aimed to prevent
a. mixing brokers' funds with clients'
funds
b. promising financing
indiscriminately
c. representing both parties in a
transaction
d. preventing brokers from lending
licenses
All ads for real estate must specify c. property's municipal location
the
a. brokers name
b. asking price
c. property's municipal location
d. listing expiration date
When brokers' licenses are d. suspended until they affiliate with another broker
suspended or revoked, their
salespersons' licenses are
a. not affected
b. affected only if they had guilty
knowledge
c. suspended until the end of the
current license period
d. suspended until they affiliate with
another broker
Updated Questions with Verified Answers –
Instant Download – A+ Success Guaranteed
Save
Terms in this set (109)
When talking with a broker about a. Refuse the listing if Frank intends to violate the
listing his home for sale, Frank Law Against Discrimination
Jackson made it clear that he " did
not want to have the house shown to
people who would change the
neighborhood". What must the
broker do?
a. Refuse the listing if Frank intends
to violate the Law Against
Discrimination
b. Refuse the listing unless Frank is
willing to offer seller-financing
c. Accept the listing on the condition
that Frank will not be present when
the house is shown
d. Accept the listing after explaining
to Frank that discrimination is illegal
,Which of the following acts is illegal? c. A licensed broker shares a commission with a
real estate attorney
a. A non-licensed property owner
sells a lot to a developer.
b. A non-licensed banker collects
rents on behalf of the bank.
c. A licensed broker shares a
commission with a real estate
attorney.
d. A licensed salesperson assists a
licensed broker with purchase
negotiations.
An unlicensed assistant in a real b. pick up keys.
estate brokers office may
a. show property.
b. pick up keys.
c. host an open house.
d. answer questions on listings.
Which of the following documents d. Unaccepted offers to purchase
must be retained by a broker for only
six months?
a. Trust account records
b. Listing agreements
c. Contracts of sale
d. Unaccepted offers to purchase
,In New Jersey, no ads for real estate a. indiscriminately promise financing.
may
a. indiscriminately promise financing.
b. refer to a home warranty.
c. contain the phrase "in the vicinity
of"
d. offer a free competitive market
analysis.
The supervising licensee for a main b. otherwise employed
real estate office must NOT be
a. under 25 years old
b. otherwise employed
c. licensed in more than one state
d. a licensed insurance broker
a WAIVER OF BROKER a. the seller
COOPERATION must be completed
and signed when cooperation with
other brokers is NOT desired by
a. the seller
b. listing broker
c. supervising broker
d. prospective buyer
, Prohibitions against COMMINGLING a. mixing brokers' funds with clients' funds
are aimed to prevent
a. mixing brokers' funds with clients'
funds
b. promising financing
indiscriminately
c. representing both parties in a
transaction
d. preventing brokers from lending
licenses
All ads for real estate must specify c. property's municipal location
the
a. brokers name
b. asking price
c. property's municipal location
d. listing expiration date
When brokers' licenses are d. suspended until they affiliate with another broker
suspended or revoked, their
salespersons' licenses are
a. not affected
b. affected only if they had guilty
knowledge
c. suspended until the end of the
current license period
d. suspended until they affiliate with
another broker
