NJ Real Estate Exam Questions with Answers Easy Pass (2026-Updated)
A broker who charges or collects an advance fee in excess of $25 for services to be rendered
MUST:
A. deduct the amount collected from the commission or settlement
B. give the principal receipts for all expenditures
C. furnish within ninety days of its collection an accounting of how the money was used
D. retain the difference between the amount of money collected and the amount spent - ✔✔✔-
C. furnish within ninety days of its collection an accounting of how the money was used
A candidate passes the per-licensure course examination on November 8. The candidate must
apply for the license within:
A. six months from completing the pre-licensure course
B. one year from passing the state licensing examination
C. one year from completing the per-licensure course
D. two years from passing the state licensing examination - ✔✔✔-C. one year from completing
the per-licensure course
A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If he
accepts, which of the following will be TRUE?
A. Because it is voluntary, it will not be an adverse item on the buyer's credit.
B. The lender will take the title subject to any junior liens.
C. The lender will usually retain his rights under mortgage insurance or VA guarantee.
D. The loan will still be assumable. - ✔✔✔-B.) The lender will take the title subject to any junior
liens
A neighborhood grocery store no longer complies with the law because a new zoning ordinance
is adopted so that the property is zoned for residential use. Nevertheless, the owner "-
is allowed to continue to operate the grocery store. This is an example of
A. variance.
, NJ Real Estate Exam Questions with Answers Easy Pass (2026-Updated)
B. nonconforming use.
C. spot zoning.
D. a conditional-use permit. - ✔✔✔-B. nonconforming use.
A property was listed with a broker, but the owners advertising the property found a buyer and
negotiated the sale themselves. After the closing, the owners paid a full commission %-
to the broker. The broker MUST have had
A. an open listing.
B. an exclusive agency listing.
C. anet listing.
D. an exclusive right to sell. - ✔✔✔-D. an exclusive right to sell.
A real estate broker has a fiduciary responsibility to her client and her responsibilities include
investigating financial references, ordering and examining credit reports, and familiarity with
the ADA Title ill. This broker is most likely working for the client as
A. an affiliate.
B. an escrow officer.
C. a property manager.
D. a designated broker. - ✔✔✔-C. A property manager
A secretary in a real estate office who does NOT have a real estate license may:
A. review the Consumer information Statement with a prospective buyer
B. perform bookkeeping functions concerning escrowed funds
C. sign escrow checks with the written authorization of the broker
D. disclose the current status of a commercial listing - ✔✔✔-b. perform bookkeeping functions
concerning escrowed funds
A broker who charges or collects an advance fee in excess of $25 for services to be rendered
MUST:
A. deduct the amount collected from the commission or settlement
B. give the principal receipts for all expenditures
C. furnish within ninety days of its collection an accounting of how the money was used
D. retain the difference between the amount of money collected and the amount spent - ✔✔✔-
C. furnish within ninety days of its collection an accounting of how the money was used
A candidate passes the per-licensure course examination on November 8. The candidate must
apply for the license within:
A. six months from completing the pre-licensure course
B. one year from passing the state licensing examination
C. one year from completing the per-licensure course
D. two years from passing the state licensing examination - ✔✔✔-C. one year from completing
the per-licensure course
A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If he
accepts, which of the following will be TRUE?
A. Because it is voluntary, it will not be an adverse item on the buyer's credit.
B. The lender will take the title subject to any junior liens.
C. The lender will usually retain his rights under mortgage insurance or VA guarantee.
D. The loan will still be assumable. - ✔✔✔-B.) The lender will take the title subject to any junior
liens
A neighborhood grocery store no longer complies with the law because a new zoning ordinance
is adopted so that the property is zoned for residential use. Nevertheless, the owner "-
is allowed to continue to operate the grocery store. This is an example of
A. variance.
, NJ Real Estate Exam Questions with Answers Easy Pass (2026-Updated)
B. nonconforming use.
C. spot zoning.
D. a conditional-use permit. - ✔✔✔-B. nonconforming use.
A property was listed with a broker, but the owners advertising the property found a buyer and
negotiated the sale themselves. After the closing, the owners paid a full commission %-
to the broker. The broker MUST have had
A. an open listing.
B. an exclusive agency listing.
C. anet listing.
D. an exclusive right to sell. - ✔✔✔-D. an exclusive right to sell.
A real estate broker has a fiduciary responsibility to her client and her responsibilities include
investigating financial references, ordering and examining credit reports, and familiarity with
the ADA Title ill. This broker is most likely working for the client as
A. an affiliate.
B. an escrow officer.
C. a property manager.
D. a designated broker. - ✔✔✔-C. A property manager
A secretary in a real estate office who does NOT have a real estate license may:
A. review the Consumer information Statement with a prospective buyer
B. perform bookkeeping functions concerning escrowed funds
C. sign escrow checks with the written authorization of the broker
D. disclose the current status of a commercial listing - ✔✔✔-b. perform bookkeeping functions
concerning escrowed funds
