NJ REAL ESTATE EXAM Questions with 100%
correct Answers Latest Updates 2025 GRADED
A+
Which is true of Real Estate Appraisers?
a) they may not advertise
b) fee is based on % of appraised value
c) must have designation such as MAI or SREA
d) None of the above - correct answerd) none of the above
The term littoral describes which of the following?
a) land bordering water affected by the tide currents
b) land bordering water that is flowing like a stream
c) land bordering any kind of body of water - correct answera) land bordering water affected by the tide
currents
The phrase "bundle of legal rights" is properly included in:
a) definition of real property
b) a legal description
c) Real estate transactions
d) leases for less than one year - correct answera) definition of real property
Which of the following is a freehold estate?
,a) estate for years
b) life estate
c) estate at will
d) easement in gross - correct answerb) life estate
An easement acquired by constant, open and adverse use is called an easement by ....
a) appurtenance
b) prescription
c) necessity
d) implication - correct answerb) prescription
Which of the following encumbrances affects the title to property and is considered an general lien?
a) unpaid real estate taxes
b)mortgage
c) judgement
d) restrictive covenant - correct answerc) judgement
A person who has complete control over a parcel of real estate is said to own a :
a) leasehold estate
b) fee simple estate
c) life estate
d) defeasible fee estate - correct answerb) fee simple estate
At a real estate closing who is responsible for all the details that concern the title to the property?
a) the sellers broker
, b) the buyers broker
c) the sellers attorney
d) the buyers attorney - correct answerc) the sellers attorney
Which of the following items is credited to the buyer at closing?
a) fuel on hand
b) earnest money
c) prepaid water charge
d) real estate tax paid in advance - correct answerb) earnest money
At closing, a seller swears she has not had a judgement, bankruptcy, filed for divorce or taken any other
action that would cloud the title through an ....?
a) acknowledgement
b) actual notice
c) evidence if title
d) affidavit of title - correct answerd) affidavit of title
The Real Estate Settlement Procedures Act (RESPA) was created to ensure that the buyer and seller in
residential real estate transaction have knowledge of all ...?
a) prorations
b) existing liens
c) settlement costs
d) tax liabilities - correct answerc) settlement costs
After showing a listed property to a prospect, the broker with an exclusive agency listing to protect his
commission should?
correct Answers Latest Updates 2025 GRADED
A+
Which is true of Real Estate Appraisers?
a) they may not advertise
b) fee is based on % of appraised value
c) must have designation such as MAI or SREA
d) None of the above - correct answerd) none of the above
The term littoral describes which of the following?
a) land bordering water affected by the tide currents
b) land bordering water that is flowing like a stream
c) land bordering any kind of body of water - correct answera) land bordering water affected by the tide
currents
The phrase "bundle of legal rights" is properly included in:
a) definition of real property
b) a legal description
c) Real estate transactions
d) leases for less than one year - correct answera) definition of real property
Which of the following is a freehold estate?
,a) estate for years
b) life estate
c) estate at will
d) easement in gross - correct answerb) life estate
An easement acquired by constant, open and adverse use is called an easement by ....
a) appurtenance
b) prescription
c) necessity
d) implication - correct answerb) prescription
Which of the following encumbrances affects the title to property and is considered an general lien?
a) unpaid real estate taxes
b)mortgage
c) judgement
d) restrictive covenant - correct answerc) judgement
A person who has complete control over a parcel of real estate is said to own a :
a) leasehold estate
b) fee simple estate
c) life estate
d) defeasible fee estate - correct answerb) fee simple estate
At a real estate closing who is responsible for all the details that concern the title to the property?
a) the sellers broker
, b) the buyers broker
c) the sellers attorney
d) the buyers attorney - correct answerc) the sellers attorney
Which of the following items is credited to the buyer at closing?
a) fuel on hand
b) earnest money
c) prepaid water charge
d) real estate tax paid in advance - correct answerb) earnest money
At closing, a seller swears she has not had a judgement, bankruptcy, filed for divorce or taken any other
action that would cloud the title through an ....?
a) acknowledgement
b) actual notice
c) evidence if title
d) affidavit of title - correct answerd) affidavit of title
The Real Estate Settlement Procedures Act (RESPA) was created to ensure that the buyer and seller in
residential real estate transaction have knowledge of all ...?
a) prorations
b) existing liens
c) settlement costs
d) tax liabilities - correct answerc) settlement costs
After showing a listed property to a prospect, the broker with an exclusive agency listing to protect his
commission should?
