New Jersey Salesperson Exam Prep Edge Free Assessment for NJ Real Estate Exam Prep

Complete a Free Practice Assessment

In order to become a New Jersey real estate agent, you'll need to pass the real estate exam! Below are New Jersey real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. "Reciprocal licensing" _______.

  1. "Doesn't exist in New Jersey
  2. Is permitted in New Jersey with restrictions
  3. Requires other states to offer reciprocal licensing, as well
  4. Took the place of license recognition in New Jersey

2. What's one benefit of a rural development loan?

  1. It doesn't have to be repaid.
  2. It includes marketing assistance for farmers.
  3. Its optional longer term means a lower monthly payment.
  4. Its optional shorter term means a quicker payoff.

3. What well-known economic principle says that a property’s value is determined by what it would cost to purchase a similar property?

  1. Conforming value
  2. Regression
  3. Similar cost principle
  4. Substitution

4. Which of these transfers would be exempt from New Jersey's realty transfer fee?

  1. A commercial property sale
  2. A deed in which consideration is less than $100
  3. A transfer from a lender to a borrower who paid off a loan
  4. The sale of farm ground with an accompanying residence

5. What economic principle is related to a property’s most profitable use that is both legal and economically feasible?

  1. "Anticipation
  2. Contribution
  3. Highest and best use
  4. Progression

6. What does PITI stand for?

  1. Price, information, trust, interest
  2. Price, interest, taxes, insurance
  3. Principal, interest, taxes, insurance
  4. Public Insurance Trust Information

7. Sierra is a New Jersey real estate licensee representing Alex in the sale of his condo. They receive an offer from another licensee, Jason, on behalf of his buyer client, Will. To whom does Sierra owe some form of agency-related disclosure?

  1. Sierra doesn’t owe agency-related disclosures to any transaction party, but is required to provide them if asked.
  2. Sierra only owes agency-related disclosures to her client, Alex, and the customer in the transaction, Will.
  3. Sierra only owes agency-related disclosures to the client she represents, Alex.
  4. Sierra owes agency-related disclosures to her client, Alex, any other consumers in the transaction, including Will, and her fellow licensee, Jason.

8. " New Jersey license Clara was found guilty of misrepresentation by the New Jersey Real Estate Commission. Since it is her first offense, what is the maximum fine that she can expect to be levied?"

  1. "$1,000
  2. $10,000
  3. $2,000
  4. $5,000
Answers: 1. D, 2. C, 3. D, 4. C, 5. C, 6. C, 7. D, 8. D

 

For a more comprehensive view into the types of questions you can expect on the exam, sign up for our free assessment. You’ll have the chance to review a 99-question real estate practice exam at no cost to you. Note that answers are only provided upon purchasing Exam Prep.

If you’re ready to feel confident about your upcoming licensing exam, you can purchase our New Jersey real estate Exam Prep package. By purchasing one of our packages, you not only get to see the results from your free assessment, but you’ll also have access to an innovative Exam Prep Edge program that will put you in the best position to pass your test the first time around.

Here's What You Need to Know About Your Free Assessment

What is it?

Your free assessment consists of access to the Exam Prep Edge initial assessment exam that will give you immediate feedback on the topics you’ve mastered and the ones you still need to work on. Note that you’re required to purchase the program before you’re able to access the study materials or unlimited practice exams.

What do I need to do?

It's simple. Choose the program you want to try, sign up, and you're ready to get started. We won't even ask for credit card information until you're ready to buy.

Will my progress be saved?

Yes! The score from your free assessment will be saved. When you purchase the program, your progress will seamlessly transfer and you can pick up right where you left off.

What will it cost me?

Nothing at all! When we say free, we really mean it. Getting your real estate license is an investment and we want to show you how committed we are to helping you pass your exam. Take it for a test drive - you won’t be disappointed. Ready to buy?

Am I obligated to purchase by signing up?

Nope! We want you to be completely satisfied with Exam Prep Edge. You're not obligated to anything if you don't want to buy.

What happens when my free trial ends?

When you complete your free assessment, your program will be locked until you decide to purchase. If you like the program, you can purchase at any time. Get started!

 

Read More About Exam Prep edge

Get the Inside Track for Preparing for Your Licensing Exam

Download the Free Ebook Now »

Questions?

FAQs

Visit our FAQs page.

Phone

888.827.0777