Real Estate Licensing New-Jersey-Real-Estate-Salesperson Exam Dumps

Get All New Jersey Real Estate Salesperson Exam Questions with Validated Answers

New-Jersey-Real-Estate-Salesperson Pack
Vendor: Real Estate Licensing
Exam Code: New-Jersey-Real-Estate-Salesperson
Exam Name: New Jersey Real Estate Salesperson Exam
Exam Questions: 120
Last Updated: October 8, 2026
Related Certifications: Real Estate Licensing
Exam Tags: Entry-Level New Jersey salesperson candidates
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Free Real Estate Licensing New-Jersey-Real-Estate-Salesperson Exam Actual Questions

Question No. 1

Rules for Truth in Lending and RESPA call for disclosure documents to borrowers. How can a managing broker best prepare associated licensees to manage these disclosures?

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Correct Answer: B

Under TILA-RESPA Integrated Disclosure (TRID) rules, the lender is primarily responsible for preparing and delivering the Loan Estimate and Closing Disclosure.

Brokers and licensees do not prepare these forms.

However, licensees must be knowledgeable about the disclosures so they can help clients understand the process and provide necessary information for lender compliance.

Thus, the best practice is B: brokers should ensure licensees are aware of what the lender requires.


Question No. 2

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

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Correct Answer: C

In commercial leasing, the Americans with Disabilities Act (ADA) applies.

The ADA requires that public accommodations and commercial facilities be accessible to persons with disabilities.

Fair Housing laws apply mainly to residential property, not commercial.

Fiduciary duties are owed by the agent to their client, not by an owner to tenants.

Market lease rates are economic factors, not legal requirements.

Correct answer = C.


Question No. 3

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

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Correct Answer: A

An option to purchase is a contract where:

The terms and price are established upfront in the option agreement.

The tenant (optionee) has the unilateral right to exercise the option within the agreed period.

Market value or tenant's discretion does not determine the price unless specifically stated in the option.

Correct answer = A.


Question No. 4

A deposit check from a buyer paid upon the submission of an offer may be held without being deposited into the broker's escrow account:

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Correct Answer: D

According to NJREC Rules (N.J.A.C. 11:5-5.1):

Earnest money deposits must be placed in the broker's escrow (trust) account ''promptly''.

However, if the parties agree, a check may be held un-deposited until the end of the three-day attorney review period.

Once attorney review is concluded, the check must be deposited within five business days.

Correct answer = D.


Question No. 5

When buyers move into their new house, they see that the ceiling fan in the dining room is gone. The ceiling fan was not mentioned in the offer to purchase. Did the sellers have the right to take the ceiling fan?

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Correct Answer: C

A fixture is personal property that has become real property by being permanently attached (e.g., ceiling fans, light fixtures).

Fixtures are considered part of the real estate and transfer with the property unless specifically excluded in the contract.

Chattel refers to movable personal property, which a ceiling fan is not once installed.

Correct answer = C.


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