Free Real Estate Licensing New-Jersey-Real-Estate-Salesperson Practice Exams Questions 2026 - TheExamsLabs

Start Preparation with the Latest and Real 100% Free Real Estate Licensing Exams New-Jersey-Real-Estate-Salesperson Exam Dumps Questions Practice 2026

Page: 1 / 25

Total 121 Questions | Updated On: Jun 15, 2026

Add To Cart

Question 1

If an owner wants to list a property for sale "as is," the listing agent should:

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

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

C : question the seller as to any known defects.

D : assume that the house is a "fixer-upper."

Answer: C

Question 2

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?

A : Civil Rights Act

B : Diversity Jurisdiction

C : Sherman Anti-trust Act

D : Housing and Community Development Act of 1974

Answer: C

Question 3

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:

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

B : permit them to remove original sales or listing contracts from the brokers office.

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

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

Answer: B

Question 4

Under the New Jersey Real Estate Licensing Law, which of the following is an unlicensed assistant or secretary NOT permitted to do?

A : Type contracts for approval

B : Make telephone calls to request rent payments

C : Follow up on loan applications with lenders

D : Place signs on properties

Answer: B

Question 5

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

A : deduct the amount collected from the commission or settlement

B : give the principal receipts for all expenditures

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

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

Answer: C

Page: 1 / 25

Total 121 Questions | Updated On: Jun 15, 2026

Add To Cart