Study Online New Jersey Real Estate Salesperson Exam Dumps to Pass

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September 13, 2025

New Jersey Real Estate Salesperson dumps questions can help you identify areas where you need to focus your studies. As you answer questions, you will be able to see which topics you are comfortable with and which ones you need to spend more time studying. Pennsylvania Real Estate Commission New Jersey Real Estate Salesperson dumps questions provide realistic practice for the certification exam. New Jersey Real Estate Salesperson dumps are designed to simulate the actual exam environment, and they will give you a chance to practice answering questions under time pressure. Study free Pennsylvania Real Estate Commission New Jersey Real Estate Salesperson online dumps below.

Page 1 of 4

1. The following statement was found in a real estate sales contract: "In the event of a default by the purchaser, the forfeiture of the earnest money to the seller will be the only compensation to which the seller will be entitled."

This statement most likely describes a:

broker protection clause

liquidated damages clause

default delivery clause

indemnification clause

2. Which of the following statements correctly describes a standard feature of a buyer-agency agreement?

A buyer-agency agreement is an option rather than an employment contract.

A retainer fee is normally paid at the time the agreement is signed.

The source of compensation determines the agency relationship.

It establishes a fiduciary relationship with the buyer.

3. A broker is offering a $100 gift certificate at a jewelry store to all sellers who list with the broker during a specified time period.

According to the New Jersey Real Estate License Law, such a promotion is prohibited because it:

discriminates against sellers who do not list with the broker during the specified time period

makes the receipt of the free offering contingent upon sellers listing their properties with the broker

offers compensation for brokerage activity to unlicensed persons

discriminates against sellers whose religion prohibits the wearing of jewelry

4. A married couple is planning to purchase a house that costs $86,000.

If they obtain a 60% loan and the lender charges a 2.5% loan origination fee and 0.5 discount points, what is the cost of these expenses?

$1,290

$1,548

$2,150

$2,580

5. Prospective buyers for a house want to operate a recycling center in their backyard. Local zoning laws do not allow this.

What do they need to do first?

Obtain a building permit.

Obtain a modification to the local master plan.

Obtain a variance or special exception.

File an appeal with the local court.

6. Written offers to purchase real estate in New Jersey must be presented to sellers within:

24 hours

48 hours

3 days

5 days

7. Which of the following best describes the Housing for Older Persons Act?

It allows grandparents with grandchildren to be exempt from the provisions of the Act.

It requires that at least 80% of occupied units have one person age 55 or older living there.

It requires that 55-and-older housing have significant facilities and services designed for seniors.

It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt.

8. A couple who sell their principal residence may take up to $500,000 in federal capital gains tax-free only if:

at least one of them has reached the age of 65.

they buy a replacement home of equal or greater value than the one being sold within a year.

neither has ever used the Homesellers Exclusion in the past.

they have owned and occupied the house for at least 2 of the previous 5 years.

9. Two real estate firms shared equally a 6% commission on the sale of a house. The listing licensee was paid 60% of the broker’s share. The house was sold for $110,000.

How much did the listing agent earn?

$1,320

$1,980

$2,640

$3,980

10. Evergreen bushes and apple trees on a property that were planted by the current owner are examples of:

real estate

personal property

chattels

trade fixtures

Page 2 of 4

11. The best way to research the previous owners of the property would be to research the:

chain of title

lien records

abstract

grantor

12. A licensee must provide a Consumer Information Statement in all of the following transactions EXCEPT the:

sale of a vacant one-family lot

sale of a three-family house in a mixed-use zone

sublease of a studio apartment for two months

lease of a three-bedroom apartment for one year

13. A tenant has a commercial lease that requires that the tenant pay taxes, insurance, maintenance, and parking lot repairs.

What kind of lease does the tenant have?

net

gross

ground

percentage

14. A seller sold a property for $375,000, with the closing on July 1st, in a jurisdiction where the buyer pays for the day of closing. The seller had a mortgage balance at the time of closing of $301,000, and had recently paid invoices of $400 for the second quarter's water and electricity, $1,200 for new appliances, and roofing repairs of $700.

Based only on these items, how much will the seller receive at closing?

$71,700

$72,400

$73,600

$74,000

15. A licensee listed a house for $187,500, and a dual agency does not exist. A buyer is willing to offer $184,000. The licensee explains that the seller will take no less than $186,500. The buyer agrees to offer $186,500.

Did the licensee act properly?

Yes, to ensure acceptance of an offer, the licensee needed to disclose the lowest price the seller would accept.

Yes, because the licensee persuaded the buyer to raise the price $2,500.

No, the licensee should have accepted the first offer and persuaded the seller to accept it.

No, the licensee should not have disclosed that the seller would accept less than the listing price.

16. A lender may add 1/12th of the estimated cost of the annual property taxes and hazard insurance on the mortgaged property to the monthly loan payment for deposit in:

a PMI account

a margin account

an impound, escrow, or reserve account

an adjustment account

17. Which action would be allowed according to the Federal Fair Housing law?

A broker informs a potential seller that there is an influx of immigrants snatching up rentals in the neighborhood, so this would be a good time to sell.

Broker A meets a new Hispanic buyer client. Broker B just sold a handful of condos to other Hispanic buyers in the Kentwood neighborhood, so broker A suggests the new buyer might be comfortable in that neighborhood.

A lender receives notice that a loan application submitted on behalf of a client has been denied. The lender knew the borrower was well qualified, but is told that area is off limits for new loans because of its crime rate.

A landlord receives a rental application from a prospective tenant, who came from Russia a few years ago to attend the local university. The lender denies the rental application after asking for the prospective tenant's visa and determines that it expires in 3 months.

18. Under the New Jersey Real Estate Sales Full Disclosure Act, the Act does NOT apply to a development project:

consisting of 10 units.

extending over a 5 year period only.

already approved by the Department of Commerce.

where the purchaser’s total financial obligation is less than $5,000.

19. Which of the following actions is NOT a cause for suspension or revocation of a New Jersey real estate license?

failing to provide a client with a copy of the signed exclusive listing contract

delivering a consumer information statement to a seller after having made a listing presentation

payment of a referral fee by a licensed New Jersey broker to a broker licensed in another state

collecting a commission as a broker from both parties to a transaction while representing both parties as their agent

20. When MUST a listing broker provide a copy of a fully executed written listing agreement to the owner?

Upon execution of the listing agreement by all parties

Within three days of execution of the listing agreement by registered mail, return-receipt-requested

Within five business days of execution of the listing agreement

At the time of presentation of a written offer

Page 3 of 4

21. A landlord may require that a disabled tenant

pay double the usual $500 security deposit.

pay an additional fee for using the swimming pool to cover the added insurance cost.

remove the wheelchair ramp from the apartment upon vacating the unit.

not install grab bars in the tile shower if drilling holes in the tile is required.

22. According to the New Jersey Law Against Discrimination, which of the following descriptions may be used in advertising properties in a townhome development?

Close to synagogues and churches

Ethnic neighborhood

Singles only

Senior housing

23. A buyer-broker locates a property that is listed with another broker. The buyer makes an offer through the buyer-broker and an agreement of sale results.

In this situation, the buyer-broker is acting as a:

subagent of the listing broker

referring broker with the listing broker

representative of the buyer and owes no fiduciary obligations to the seller

representative of the seller and owes no fiduciary obligations to the buyer

24. According to the Real Estate Licensing Law, a real estate licensee can provide a rebate of the commission to a buyer

if the licensee is the broker.

if notated on the contract of sale.

provided it does not exceed 50% of the total commission.

if a writing confirming the terms of the rebate is provided to the buyer at closing.

25. A salesperson is selling a leased commercial property.

What will happen to the lease after the sale is consummated?

The lease is assigned to the new owner.

The lease expires and the tenant must move.

The tenant and the new owner must negotiate a new lease.

The new owner has the option of canceling the lease or accepting the lease.

26. Salesperson P leaves the employ of Broker A. One of the listings at Broker A’s firm has agreed to list with Salesperson P at the new firm.

In this instance the listing file:

can be taken to the new firm so there is no interruption of service to the client.

cannot be taken because it belongs to Broker

should be turned into the ML

should be given to the seller.

27. A seller is offering his property for sale in as-is condition. A buyer enters into a contract with the seller and has the home inspected. The inspection reveals a latent defect known to, but not disclosed by, the seller.

The buyer:

can void the contract due to the seller's failure to disclose the latent defect.

can reduce the contract sales price by the cost of correcting the defect.

must go through with the purchase because the house is being sold as is.

can force the seller to correct the defect.

28. A listing agent presents a signed offer to a seller who then changes the amount of the down payment. Before presenting the counteroffer to the buyer, the New Jersey Real Estate License Law requires the listing agent to

obtain the consent of the listing broker.

secure the seller’s initials confirming the revision.

prepare a separate addendum that reflects the revision.

verbally inform any buyer’s agent of the proposed revision.

29. A buyer who is purchasing a property intends to build a chain link fence in the backyard. There is a 12-year-old deed restriction that prohibits chain link fences. The licensee finds out that there are no city codes prohibiting chain link fences.

Which of the following statements regarding this situation is true?

City code always takes priority over deed restrictions.

This city code takes priority because deed restrictions expire 10 years after a subdivision is developed.

Deed restrictions always take priority over city codes.

This deed restriction is more restrictive and will, therefore, take precedence.

30. Limiting the neighborhoods in which a licensee shows houses because of a buyer's race is:

puffing

blockbusting

redlining

steering

Page 4 of 4

31. Standard title insurance would protect a buyer:

when the seller has forged an ex-partner's signature on the deed.

if after closing, the HOA placed a lien on the property for the previous owners' unpaid dues.

in a purchase where the buyer had knowledge of a shed violating setback requirements.

for the purchase of a property bought sight unseen where the buyer discovers a tenant living at the property.

32. In commercial property leasing, listing agents should ensure that the owner complies with:

their fiduciary responsibilities to the tenant

state and federal Fair Housing laws

the Americans with Disabilities Act

market lease rates

33. The feature that most distinguishes a joint tenancy from a tenancy in common is

undivided interests.

unity of possession.

right of survivorship

right of transfer.

34. Which of the following is a permitted free offering?

A complimentary home warranty with every listing

A coupon for discounted commission on listing services

A free dinner for attendees at a homebuyers’ evening seminar

Free use of a local moving van for all listings

35. A public utility company is installing power lines across several counties. Will the utility company be more likely to be granted an easement appurtenant or an easement in gross?

easement appurtenant because it cannot run with the land

easement appurtenant because it cannot be extinguished by merger of the dominant and servient tenements

easement in gross because it does not require ownership of real property adjacent to the property that is subject to the easement

easement in gross because it allows the holder of the easement to eventually gain title to the encumbered property

36. An appraisal made by a certified appraiser is required:

before real property can transfer from one owner to another.

when heirs receive property.

when the buyer is using an FHA loan to purchase.

before any property settlement in a divorce.

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