NJ REAL ESTATE EXAM 2026 FINAL
ASSESSMENT PAPER REAL ESTATE PRACTICE
COMPREHENSIVE QUESTIONS AND ANSWERS
VERIFIED A+
◉ Pick up keys Answer: An unlicensed assistant in a real estate
broker's office may:
Show property.
Pick up keys.
Host an open house.
Answer questions on listings.
◉ Unaccepted offers to purchase Answer: Which of the following
documents must be retained by a broker for only six months?
Trust account records.
Listing agreements.
Contracts of sale.
Unaccepted offers to purchase.
◉ Indiscriminately promise financing Answer: In New Jersey, no ads
for real estate may:
,◉ Otherwise employed Answer: The supervising licensee of a main
real estate office must not be:
◉ Seller Answer: A Waiver of Broker Cooperation must be
completed and signed when cooperation with other brokers is not
desired by the:
◉ Mixing brokers' funds with clients' funds Answer: Prohibitions
against commingling are aimed to prevent:
◉ broker's name Answer: All ads for real estate must specify the:
◉ Suspended until they affiliate with another broker-of-record
Answer: When brokers' licenses are suspended or revoked, their
salespersons' licenses are:
◉ Man-made improvements Answer: Real estate is defined to
include all of the components of land and also:
◉ Avulsion Answer: An alteration in the property line from a sudden
change is called:
◉ Legally considered real estate Answer: Unlike trade fixtures, other
fixtures are:
,◉ A freehold Estate Answer: An estate that an individual may own
for a lifetime or forever is referred to as
◉ Fee Simple Answer: An estate in which the holder is entitled to all
rights in the property is called:
◉ Not paying federal income taxes Answer: Which of the following
activities by a property owner would result in a general lien against
all of his property?
◉ A license Answer: Permission to enter the land owned by another
person for a specific purpose is:
◉ Lis Pendens Answer: Which of the following liens serves as a
notice of possible future legal actions against a parcel of real estate?
◉ Specifically grants permission for use of the land Answer: An
easement by prescription is Not created if the property owner:
◉ Tenancy in common Answer: In New Jersey, unless otherwise
stated in the deed, a conveyance of two or more persons (not
married to each other) creates a:
, ◉ Partition Answer: A joint tenancy may be broken up by:
◉ Corporations can own real estate in severalty or as a tenant in
common Answer: Which of the following statements regarding
ownership of real property by a corporation is true?
◉ Shareholders Answer: A woman and a man live in a cooperative
building. When they purchased their apartment, they automatically
become lessees and:
◉ elegible veterans Answer: New Jersey allows favorable property
tax treatment for certain homeowners aged 65 or older, and:
◉ Assess property exactly at market value Answer: Real estate
property taxation in New Jersey is complex because not all
townships within the state:
◉ Two years Answer: If a private party purchases a tax sale
certificate on a property the purchaser cannot obtain clear title to
the property for:
◉ Public Good Answer: Land acquired through eminent domain can
only be taken for:
ASSESSMENT PAPER REAL ESTATE PRACTICE
COMPREHENSIVE QUESTIONS AND ANSWERS
VERIFIED A+
◉ Pick up keys Answer: An unlicensed assistant in a real estate
broker's office may:
Show property.
Pick up keys.
Host an open house.
Answer questions on listings.
◉ Unaccepted offers to purchase Answer: Which of the following
documents must be retained by a broker for only six months?
Trust account records.
Listing agreements.
Contracts of sale.
Unaccepted offers to purchase.
◉ Indiscriminately promise financing Answer: In New Jersey, no ads
for real estate may:
,◉ Otherwise employed Answer: The supervising licensee of a main
real estate office must not be:
◉ Seller Answer: A Waiver of Broker Cooperation must be
completed and signed when cooperation with other brokers is not
desired by the:
◉ Mixing brokers' funds with clients' funds Answer: Prohibitions
against commingling are aimed to prevent:
◉ broker's name Answer: All ads for real estate must specify the:
◉ Suspended until they affiliate with another broker-of-record
Answer: When brokers' licenses are suspended or revoked, their
salespersons' licenses are:
◉ Man-made improvements Answer: Real estate is defined to
include all of the components of land and also:
◉ Avulsion Answer: An alteration in the property line from a sudden
change is called:
◉ Legally considered real estate Answer: Unlike trade fixtures, other
fixtures are:
,◉ A freehold Estate Answer: An estate that an individual may own
for a lifetime or forever is referred to as
◉ Fee Simple Answer: An estate in which the holder is entitled to all
rights in the property is called:
◉ Not paying federal income taxes Answer: Which of the following
activities by a property owner would result in a general lien against
all of his property?
◉ A license Answer: Permission to enter the land owned by another
person for a specific purpose is:
◉ Lis Pendens Answer: Which of the following liens serves as a
notice of possible future legal actions against a parcel of real estate?
◉ Specifically grants permission for use of the land Answer: An
easement by prescription is Not created if the property owner:
◉ Tenancy in common Answer: In New Jersey, unless otherwise
stated in the deed, a conveyance of two or more persons (not
married to each other) creates a:
, ◉ Partition Answer: A joint tenancy may be broken up by:
◉ Corporations can own real estate in severalty or as a tenant in
common Answer: Which of the following statements regarding
ownership of real property by a corporation is true?
◉ Shareholders Answer: A woman and a man live in a cooperative
building. When they purchased their apartment, they automatically
become lessees and:
◉ elegible veterans Answer: New Jersey allows favorable property
tax treatment for certain homeowners aged 65 or older, and:
◉ Assess property exactly at market value Answer: Real estate
property taxation in New Jersey is complex because not all
townships within the state:
◉ Two years Answer: If a private party purchases a tax sale
certificate on a property the purchaser cannot obtain clear title to
the property for:
◉ Public Good Answer: Land acquired through eminent domain can
only be taken for:
