NJ TITLE PRODUCER ACTUAL TEST PAPER 2026
TESTED QUESTIONS WITH FULL SOLUTION
GRADED A+
◉ The difference between the value of a property and the total
amount of liens against it is known as:
A) A down payment
B) Equity
C) Actual cash value
D)Collateral. Answer: B) Equity
◉ If a husband and wife take title to a property as tenants in
common, they may also have elected to have:
A) Title in severalty
B) Separate life estates
C) The right of survivorship
D) Unequal shares of ownership. Answer: D) Unequal shares of
ownership
◉ A person who openly, continuously and hostilely occupies
another's land for a period set by a statute may gain title by means
of:
,A) Voluntary alienation
B) Accretion
C) Prescription
D) Adverse possession. Answer: D) Adverse possession
◉ Truth-In-Lending Act requires the lender to furnish an applicant
for a real estate loan with a copy of an:
A) Amorization schedule
B) Disclosure statement
C) Deed
D) Financial statement. Answer: B) Disclosure statement
◉ The seller is responsible for which of the following costs at
closing:
A) The realty transfer tax
B) The title search
C) The Deed recording fee
D) Title insurance. Answer: A) The realty transfer tax
◉ When private property is abandoned the state may acquire title to
that property under the right of :
A) Escheat
,B) Eminent domain
C) Police power
D) Taxation. Answer: A) Escheat
◉ The term hypothecation most closely means:
A) Conditional security for debt
B) Conditional ownership of property
C) A right of first refusal
D) Conditional mortgage commitment. Answer: A) Conditional
security for debt
◉ A CORRECT statement about condominium and cooperative
apartment owners is that they both:
A) Receive an annual real estate tax bill
B) Must pas assessments
C) Own shares of stock
D) Own real property. Answer: B) Must pas assessments
◉ Which of the following is not necessary to a valid contract:
A) Consideration
B) Contractual ability
C) Legal purpose
, D) The signature of both parties. Answer: D) The signature of both
parties
◉ Which is NOT true of a tax lien sale?
A) Title passes with the sale
B) The lien holder is the lowest interest bidder
C) The municipality may hold the lien
D) The property owner has two years to pay the lien. Answer: A)
Title passes with the sale
◉ Which would be a credit to the purchaser at settlement?
A) The balance of an existing mortgage to be assumed
B) Taxes overpaid by the seller
C) Fuel oil remaining in the tank
D) Unpaid new mortgage. Answer: A) The balance of an existing
mortgage to be assumed
◉ In a condominium apartment project, the BEST term to describe a
swimming pool and laundry room for the use of unite owners is?
A) Common elements
B) Limited common elements
C) Fee simple elements
D) Leasehold elements. Answer: A) Common elements
TESTED QUESTIONS WITH FULL SOLUTION
GRADED A+
◉ The difference between the value of a property and the total
amount of liens against it is known as:
A) A down payment
B) Equity
C) Actual cash value
D)Collateral. Answer: B) Equity
◉ If a husband and wife take title to a property as tenants in
common, they may also have elected to have:
A) Title in severalty
B) Separate life estates
C) The right of survivorship
D) Unequal shares of ownership. Answer: D) Unequal shares of
ownership
◉ A person who openly, continuously and hostilely occupies
another's land for a period set by a statute may gain title by means
of:
,A) Voluntary alienation
B) Accretion
C) Prescription
D) Adverse possession. Answer: D) Adverse possession
◉ Truth-In-Lending Act requires the lender to furnish an applicant
for a real estate loan with a copy of an:
A) Amorization schedule
B) Disclosure statement
C) Deed
D) Financial statement. Answer: B) Disclosure statement
◉ The seller is responsible for which of the following costs at
closing:
A) The realty transfer tax
B) The title search
C) The Deed recording fee
D) Title insurance. Answer: A) The realty transfer tax
◉ When private property is abandoned the state may acquire title to
that property under the right of :
A) Escheat
,B) Eminent domain
C) Police power
D) Taxation. Answer: A) Escheat
◉ The term hypothecation most closely means:
A) Conditional security for debt
B) Conditional ownership of property
C) A right of first refusal
D) Conditional mortgage commitment. Answer: A) Conditional
security for debt
◉ A CORRECT statement about condominium and cooperative
apartment owners is that they both:
A) Receive an annual real estate tax bill
B) Must pas assessments
C) Own shares of stock
D) Own real property. Answer: B) Must pas assessments
◉ Which of the following is not necessary to a valid contract:
A) Consideration
B) Contractual ability
C) Legal purpose
, D) The signature of both parties. Answer: D) The signature of both
parties
◉ Which is NOT true of a tax lien sale?
A) Title passes with the sale
B) The lien holder is the lowest interest bidder
C) The municipality may hold the lien
D) The property owner has two years to pay the lien. Answer: A)
Title passes with the sale
◉ Which would be a credit to the purchaser at settlement?
A) The balance of an existing mortgage to be assumed
B) Taxes overpaid by the seller
C) Fuel oil remaining in the tank
D) Unpaid new mortgage. Answer: A) The balance of an existing
mortgage to be assumed
◉ In a condominium apartment project, the BEST term to describe a
swimming pool and laundry room for the use of unite owners is?
A) Common elements
B) Limited common elements
C) Fee simple elements
D) Leasehold elements. Answer: A) Common elements
