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NC Real Estate Certification Mock Exam Question and Answers [100% Correct] 2025 Latest Release!! What is required for a real estate broker to earn a commission in North Carolina? A) A signed contract B) A buyer’s loan approval C) A buyer’s down $9.57
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NC Real Estate Certification Mock Exam Question and Answers [100% Correct] 2025 Latest Release!! What is required for a real estate broker to earn a commission in North Carolina? A) A signed contract B) A buyer’s loan approval C) A buyer’s down

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New Jersey Real Estate Licensing Exam: Comprehensive Final Exam Question and Answers [100% Correct] 2025 |Latest Version| Which of the following is required for a real estate salesperson to obtain a license in New Jersey? A. A college degree B. A minimum of two years of experience ...

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  • December 8, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • nc real estate certification mock exam question a

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  • Real Estate
  • Real Estate

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New Jersey Real Estate Licensing Exam:
Comprehensive Final Exam Question
and Answers [100% Correct] 2025
|Latest Version|
Which of the following is required for a real estate salesperson to obtain a license in New Jersey?

A. A college degree

B. A minimum of two years of experience

C. Completion of a 75-hour pre-licensing course

D. Completion of a 150-hour pre-licensing course



What is the maximum fine for practicing real estate without a valid license in New Jersey?

A. $5,000

B. $10,000

C. $50,000

D. $100,000



Which of the following is NOT a requirement for a real estate transaction to be valid in New Jersey?

A. Written agreement

B. Verbal agreement

C. Mutual consent

D. Legal purpose



A real estate broker is required to keep transaction records for how long in New Jersey?

A. 1 year

B. 5 years

C. 6 years

D. 10 years

1

,The New Jersey Real Estate Commission is responsible for:

A. Approving loan applications

B. Regulating real estate professionals

C. Setting property tax rates

D. Enforcing zoning laws



Which of the following statements is TRUE regarding the sale of a property in New Jersey?

A. A seller does not have to disclose any issues with the property

B. The seller has no obligation to provide the buyer with a property disclosure

C. The seller must disclose any known defects or issues with the property

D. A property inspection is optional for the buyer



Which of the following is an example of an illegal act under New Jersey real estate law?

A. Steering potential buyers to specific neighborhoods based on race

B. A real estate agent showing properties only in high-income areas

C. Providing clients with a list of available properties

D. Advertising the sale of a property in a local newspaper



When must a real estate agent provide an agency disclosure form to a client?

A. Before showing a property

B. Before entering into any agreement with the client

C. Only when the client asks for it

D. After an offer has been made



Which of the following is TRUE about the Real Estate Salesperson Examination in New Jersey?

A. It is only a written exam

B. It can be taken online


2

, C. It must be passed within two attempts

D. It consists of both national and state-specific sections



A real estate broker is responsible for:

A. Creating the property listings

B. Approving all offers and contracts

C. Supervising all real estate agents working under them

D. Conducting home inspections



Which of the following is considered a fiduciary duty of a real estate agent?

A. Acting in the best interest of the client

B. Offering personal legal advice

C. Disclosing all personal financial information

D. Recommending specific contractors



What is the main purpose of the Fair Housing Act?

A. To ensure that real estate agents receive commissions

B. To regulate the sale prices of properties

C. To prevent discrimination in housing transactions

D. To set standards for property inspections



How many members are on the New Jersey Real Estate Commission?

A. 5

B. 7

C. 9

D. 11



The "open listing" agreement allows the property owner to:


3

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