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: March 9, 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

A Seller's Property Disclosure form states that there are no known material defects with the property, but the listing licensee is aware of asbestos wrapped duct pipes in the basement. The licensee should:

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Correct Answer: A

Under New Jersey Real Estate License Law and NJREC disclosure rules:

Licensees must disclose all known material facts about a property to potential buyers, regardless of what the seller states.

Asbestos is considered a material defect and a potential environmental hazard.

Licensees cannot withhold disclosure, nor leave it solely to inspectors.

Thus, the licensee must disclose the asbestos.


Question No. 2

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?

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Correct Answer: A

A net lease requires the tenant to pay some or all operating expenses, including taxes, insurance, maintenance, and sometimes repairs. Commercial leases often use this form (single, double, or triple net).

A gross lease means the landlord pays all expenses.

A ground lease is long-term land rental.

A percentage lease ties rent partly to sales volume.

This is a net lease.


Question No. 3

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

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Correct Answer: A

According to N.J.A.C. 11:5-6.9, every written offer must be presented to the seller by the licensee immediately, but never later than 24 hours after receipt.

This ensures timely communication and protects the client's interests.

Delays beyond 24 hours would violate the rules.


Question No. 4

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?

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Correct Answer: A

Under NJREC rules and fiduciary duties:

A licensee must present all written offers to the seller immediately but no later than 24 hours after receipt.

The seller has the right to consider every offer, regardless of sequence or perceived favorability.

Therefore, at the 7 p.m. appointment, the listing broker must present all three offers.

Correct answer = A.


Question No. 5

Rents on a duplex total $600 monthly and are due the first of each month. If the sale of the duplex closes on the 15th of a month, the rental income will be reflected on the closing statement as a

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Correct Answer: A

In closing statements and prorations (Finance/Closing section of the NJ Real Estate Salesperson Pre-Licensure Study Guide), prepaid rents must be adjusted as of the closing date. Rent for the entire month ($600) was paid in advance to the seller on the 1st. On closing day (15th), the seller has received payment for the entire month, but the buyer is entitled to the income from the 15th through the end of the month. Half the rent ($300) must be credited to the buyer and debited to the seller.

(Reference: NJ Real Estate Salesperson Pre-Licensure Course Study Guide, Real Estate Finance---Prorations.)


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