[Dec-2025] Check your preparation for Real Estate New-Jersey-Real-Estate-Salesperson On-Demand Exam [Q23-Q46]

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[Dec-2025] Check your preparation for Real Estate New-Jersey-Real-Estate-Salesperson On-Demand Exam

Practice Exam New-Jersey-Real-Estate-Salesperson Realistic Dumps Verified Questions

Q23. Which of the following statements would most likely be considered mere “puffing”?

This area is expected to increase in value by 25% within the next year.

This lot has the most beautiful view of the lake.

Children from this neighborhood have the highest SAT scores.

The utility costs in this home are lower than in any other home in the neighborhood.

Q24. The local gas company has a 10-foot easement along the rear of a residential lot. This is best known as an easement:

in gross

appurtenant

by necessity

by prescription

Q25. If a salesperson or broker-salesperson maintains a webpage that is not linked to the webpage of their broker, the licensee’s webpage must display the name of the broker as well as the

broker’s telephone number.

broker’s email address.

address of the broker’s main office.

address of the branch office from which the licensee operates.

Q26. Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in size. How much should these two parcels have cost together?

$766,000

$914,760

$1,060,500

$1,354,500

Q27. A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties?

Six-family dwelling unit, a portion of which is used for non-residential purposes

Commercial building that does not exceed 10,000 square feet

Subdivision of fifteen or more lots

Single family residential vacant lot

Q28. A low loan-to-value ratio indicates a:

lower equity in the property.

greater risk of foreclosure.

higher equity in the property.

greater use of leverage.

Q29. A buyer’s agent is NOT permitted to tell a buyer that:

the seller is willing to accept less than the listing price because of financial circumstances

a former occupant of a property had AIDS

the roof leaked recently but was patched by the owner

the property was the scene of a serious crime

Q30. 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

Q31. Which of the following actions is a function of a municipal planning board?

Approving a variance for an addition to a garage on a residential property

Creating a master plan for all the land in a particular county

Unilaterally approving subdivisions in a jurisdiction

Prescribing and controlling the development and use of all land in a municipality

Q32. The best way to research the previous owners of the property would be to research the:

chain of title

lien records

abstract

grantor

Q33. 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

Q34. A broker who charges or collects an advance fee in excess of $25 for services to be rendered MUST:

deduct the amount collected from the commission or settlement

give the principal receipts for all expenditures

furnish within ninety days of its collection an accounting of how the money was used

retain the difference between the amount of money collected and the amount spent

Q35. A national company desires a parcel of land which must be 4 times the size of its proposed building. If the building design includes 20,000 square feet, then which of the following minimum sized lots should be purchased?

1 acre

2 acres

4 acres

8 acres

Q36. 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.

Q37. A home sold for $400,000. It was appraised for $402,000, and the assessed value was $320,000. Assume in this situation, the real estate transfer tax of 1% is paid by the grantee. How much will the seller owe at closing for transfer fees?

$3,200

$4,000

$4,020

Q38. If an owner wants to list a property for sale “as is,” the listing agent should:

assume that the owner will accept a relatively low price for the property.

assume that the house is a “fixer-upper.”

question the seller as to any known defects.

conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.

Q39. If an owner wants to list a property for sale “as is,” the listing agent should:

assume that the owner will accept a relatively low price for the property.

conclude that if the buyer later discovers defects that were not disclosed the listing agent is relieved of any responsibility.

question the seller as to any known defects.

assume that the house is a “fixer-upper.”

Q40. In advertisements of individual salespersons, which of the following is permitted?

Having the broker’s name appear in smaller print than the salesperson’s name in a newspaper ad.

Including reference to a home office.

Placing the real estate office sign on a personal residence.

Linking a personal real estate webpage to the salesperson’s broker’s website.

Q41. A tenant has an option to purchase leased property. The price that the tenant will pay for the property is determined by the:

terms specified in the option.

agreement, when the option is exercised.

property’s market value at the time of exercising the option.

tenant, when the option is exercised.

Q42. A licensee must provide disclosure of licensed status when acting as a principal if

the agent of the other party asks about this specifically.

the licensee does not have errors and omission insurance.

the licensee has any economic interest in the property.

any relative of the licensee has ever lived in the residence.

Q43. A buyer and broker enter into a 3-month exclusive buyer agency agreement. With regard to the broker’s right to be compensated and to work with other clients, this means that during the term of this agreement, the broker

must be compensated by the seller.

is only due compensation if the buyer purchases one of the broker’s listings.

is entitled to compensation even if the buyer purchases a property that they locate.

may not show a property to other buyers until the buyer decides if they want to make an offer.

Q44. 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.

Q45. 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 A.

should be turned into the MLS.

should be given to the seller.

Q46. Last year, an apartment building had a net operating income of $174,000. If a potential buyer is looking for a capitalization rate of 8%, how much should the buyer be willing to pay for the building?

$139,200

$174,000

$1,392,000

$2,175,000