Exam Code: New-Jersey-Real-Estate-Salesperson
Exam Name: New Jersey Real Estate Salesperson Exam
Certification Provider: Real Estate
Corresponding Certification: New Jersey Real Estate

Study with Real Estate : New-Jersey-Real-Estate-Salesperson Exam Torrent as your best preparation materials

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Updated: Jun 17, 2026

No. of Questions: 122 Questions & Answers with Testing Engine

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Real Estate New Jersey Real Estate Salesperson Sample Questions:

1. As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:

A) Statement of Record filed by the developer with the Commission
B) New Jersey Public Offering Statement approved by the Commission
C) deed or other instrument establishing title in the name of the developer
D) filed plat map identifying the location of the property being bought or leased

2. Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:

A) it is unlikely that radon would be a problem in that area.
B) they need not do so, because if radon were present, there would be an odor that would make it easy to detect.
C) as long as they are non-smokers, it should not be an issue.
D) they should do so, because radon is now considered to be one of the causes of lung cancer.

3. A couple secured a home mortgage loan from a lender who appraised the property at $92,500. If the loan-to- value ratio on the property was 85%, what was the minimum amount the couple needed for the down payment?

A) $7,862
B) $6,166
C) $10,882
D) $13,875

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

A) tenant, when the option is exercised.
B) property's market value at the time of exercising the option.
C) terms specified in the option.
D) agreement, when the option is exercised.

5. 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?

A) $3,200
B) $0
C) $4,000
D) $4,020

Solutions:

Question # 1
Answer: B

Question # 2
Answer: D

Question # 3
Answer: A

Question # 4
Answer: C

Question # 5
Answer: B

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