Feb-2026 New-Jersey-Real-Estate-Salesperson Study Material, Preparation Guide and PDF Download [Q34-Q51]

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Feb-2026 New-Jersey-Real-Estate-Salesperson Study Material, Preparation Guide and PDF Download

Free New-Jersey-Real-Estate-Salesperson Certification Sample Questions with Online Practice Test

NEW QUESTION 34
A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash.
The broker

may not accept the offer until the seller returns.

must forward the offer to the seller’s attorney for consideration.

may accept the offer.

may sign a deed of conveyance if the seller does not return on time.

NEW QUESTION 35
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.

NEW QUESTION 36
The Multiple Listing Service (MLS) board members decided that the population of each area of the city would be best served by the brokerages who have offices actually located within those areas. The board established boundaries dividing the city into six districts and voted to limit listings for each district to only those brokerages with offices within the district. Brokerages who tried to advertise beyond their own district would be prohibited from listing properties in the MLS. This action violates what Real Estate Law?

Civil Rights Act

Diversity Jurisdiction

Sherman Anti-trust Act

Housing and Community Development Act of 1974

NEW QUESTION 37
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

NEW QUESTION 38
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.

NEW QUESTION 39
Are electronic signatures enforceable on a real estate contract?

Yes, because they are allowed by the federal government.

Yes, because they are legal in real estate transactions.

No, because they are only allowed on deeds.

No, because they must be signed and witnessed.

NEW QUESTION 40
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

NEW QUESTION 41
A buyer wants to purchase a home for $400,000 with a 15% down payment. The lender charges 1.5 points.
How much money does the buyer need up front to make the purchase?

$60,000

$66,000

$60,900

$65,100

NEW QUESTION 42
A contract is delivered to the listing broker by a cooperating broker. The listing broker makes an appointment with the owner to present the offer at 7 p.m. of that day. Before 7 p.m., two more offers arrive on the same property. Which offer should be presented to the owner at the 7 p.m. appointment?

all three of the offers

the first offer received

the offer with the highest sale price

the offer most favorable to the seller, including price and all terms

NEW QUESTION 43
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.

NEW QUESTION 44
Which of the following is least likely to be considered in establishing the value of a property by the sales comparison approach?

the date of sale

the capitalization rate

the size of the lot

the square footage of the building

NEW QUESTION 45
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.

NEW QUESTION 46
A broker maintains a real estate agency and terminated two salespersons. In this situation, the broker is REQUIRED to take all the following actions with regard to these two salespersons EXCEPT:

provide each with a written accounting of all monies due each salesperson.

permit them to remove original sales or listing contracts from the broker’s office.

pay any undisputed compensation due within ten days of the broker’s receipt of such funds.

abide by the post-termination compensation clause contained in their employment agreements or provide a written explanation for not doing so.

NEW QUESTION 47
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

NEW QUESTION 48
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.

NEW QUESTION 49
A buyer is looking in several different cities for land to purchase for a shopping center. The buyer has decided to hire several real estate licensees, each representing the buyer in that licensee’s city. Which type of agreement would protect the buyer from owing multiple commissions?

exclusive agency representation

nonexclusive right-to-lease

nonexclusive buyer-agency

exclusive right to sell

NEW QUESTION 50
In many states, usury laws:

determine the possible legal use of land.

provide a right to use property belonging to another.

impose a tax on a purchaser of personal property for resale or use.

establish a maximum rate of interest allowed for loans.

NEW QUESTION 51
A salesperson is convicted of a crime which involved activities as a real estate licensee. The Commission obtains a certified copy of the judgment of conviction against the salesperson. According to the New Jersey Real Estate License Law, the Commission MUST:

revoke the salesperson’s license

suspend the salesperson’s license

determine, at its discretion, what disciplinary action to take against the salesperson

notify the salesperson’s employing broker of the circumstances pertaining to the conviction