PracticeVideosBlogFlashcardsEspañol
All Practice Exams

Free Practice Questions for NJ RE Broker

Exam-style questions and explanations by OpenExamPrep.

✓ No registration✓ No credit card
132+ Questions
100% Free

Loading practice questions...

Same family resources

Explore More Real Estate Broker

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

California Real Estate Broker

Practice QuestionsStudy GuideCheat SheetFlashcards1 blog

Texas Real Estate Broker

Practice QuestionsStudy Guide1 blog

New York Real Estate Broker

Practice QuestionsStudy Guide1 blog

Florida Real Estate Broker

Practice QuestionsStudy Guide1 blog

Ohio Real Estate Broker

Practice Questions1 blog

Michigan Real Estate Broker

Practice Questions

More From This Family

Videos and articles for deeper review.

ArticleFree Real Estate Broker Practice Test by State 2026: 1,500+ Questions24 min read
Exam Review

Key Facts: NJ RE Broker Exam

115

Exam Questions (120 points)

PSI Candidate Information Bulletin

70%

Passing Score (84 of 120 points)

PSI Candidate Information Bulletin

4 hrs

Testing Time

PSI Candidate Information Bulletin

$38

Examination Fee

PSI Candidate Information Bulletin

150 hrs

Pre-License Education

NJREC (90 + 30 + 30)

3 yrs

Full-Time Salesperson Experience

N.J.A.C. 11:5-3.8

New Jersey's broker exam requires 150 hours of pre-license education — one of the higher requirements nationally — plus three years of NJREC-approved full-time salesperson experience. The single combined exam runs 115 questions worth 120 points in 4 hours, costs $38 per attempt through PSI, and requires 70% (84 points). Forty of the items are New Jersey law, weighted heavily toward the statutes and rules governing licensee activities: advertising, trust funds and escrow bookkeeping, agency disclosure, and the Realty Transfer Fee.

Sample NJ RE Broker Practice Questions

Try these sample questions to review concepts for the NJ RE Broker exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 132+ question experience with AI tutoring.

1Under the New Jersey Real Estate Licensing Act, what is the minimum pre-license education requirement for a broker license?
A.75 hours
B.90 hours
C.120 hours
D.150 hours
Explanation: New Jersey requires 150 hours of approved pre-license education for a broker license, which is among the highest requirements in the nation. This education must include specific courses in real estate law, agency relationships, brokerage management, and other broker-level topics. The 150-hour requirement is significantly more than the 75-hour salesperson pre-license requirement and reflects the increased responsibilities of broker-level practice.
2A New Jersey real estate broker receives an earnest money deposit. Within how many business days must the deposit be placed in the trust account?
A.1 business day
B.2 business days
C.3 business days
D.5 business days
Explanation: Under N.J.A.C. 11:5-5.1, a New Jersey broker must deposit earnest money and other trust funds into the escrow/trust account within 5 business days of receipt (this deadline applies whether or not the negotiations have concluded). This prompt-deposit requirement protects the interests of all parties involved in the transaction and is a key provision of the NJREC regulations governing trust account management.
3What is the attorney review period for residential real estate contracts in New Jersey?
A.3 business days
B.5 business days
C.7 calendar days
D.10 business days
Explanation: New Jersey has a unique 3-business-day attorney review period for residential real estate contracts. During this period, either the buyer's or seller's attorney may review the contract and approve, disapprove, or request modifications. If either attorney disapproves the contract within the 3-business-day period, the contract is voided. This right exists even if neither party has an attorney at the time of signing. The attorney review clause is a distinctive feature of New Jersey real estate practice.
4Under NJREC regulations, a broker must maintain trust account records for how long?
A.3 years
B.5 years
C.6 years
D.10 years
Explanation: NJREC requires New Jersey real estate brokers to maintain trust account records for a minimum of 6 years. This includes bank statements, deposit records, disbursement records, reconciliation reports, and all supporting documentation. The 6-year retention period is longer than many other states and aligns with New Jersey's statute of limitations for certain civil actions. Failure to maintain records for the required period can result in disciplinary action.
5A New Jersey broker discovers that one of their salespersons has been operating under an expired license for the past month. What is the broker's liability?
A.No liability since the salesperson is responsible for their own license renewal
B.The broker may face disciplinary action for failure to supervise and permitting unlicensed activity
C.The broker is only liable if they were specifically notified of the expiration
D.The broker must pay a fine but cannot lose their license
Explanation: A New Jersey broker is responsible for supervising all licensees operating under their brokerage, including verifying that all licenses are current and active. Allowing a salesperson to practice with an expired license constitutes a failure of supervision and permitting unlicensed activity, both of which are grounds for disciplinary action against the broker by NJREC. This responsibility exists regardless of whether the broker had actual knowledge of the expiration.
6What is the New Jersey realty transfer fee for the first $150,000 of a residential property sale?
A.$1 per $500
B.$2 per $500
C.$3.35 per $500
D.$4.25 per $500
Explanation: Under the current NJ Division of Taxation schedule for residential (Class 2) transfers not exceeding $350,000, the realty transfer fee is $2.00 per $500 of consideration on the first $150,000 of the selling price. Higher tiers apply above $150,000 ($3.35 per $500 from $150,001 to $200,000, and $3.90 per $500 from $200,001 to $350,000; a separate, higher schedule applies to consideration over $350,000). The realty transfer fee is customarily paid by the seller in New Jersey. Certain transfers are fully exempt, including transfers between spouses, transfers to or from governmental entities, and transfers for consideration of $100 or less.
7Under New Jersey's Law Against Discrimination (LAD), which protected class is included that is NOT covered under the federal Fair Housing Act?
A.Race
B.Familial status
C.Sexual orientation
D.National origin
Explanation: New Jersey's Law Against Discrimination (LAD) provides broader protections than the federal Fair Housing Act. The LAD specifically protects against discrimination based on sexual orientation and gender identity in housing, employment, and public accommodations. While the federal Fair Housing Act covers race, color, religion, national origin, sex, familial status, and disability, New Jersey's LAD adds additional protected classes including sexual orientation, gender identity, marital status, and domestic partnership status.
8A New Jersey broker operates a brokerage with 15 salespersons. What is the broker's primary supervisory obligation?
A.Personally accompany each salesperson on at least one showing per month
B.Ensure adequate supervision of all licensees and their real estate activities
C.Review every offer before it is submitted to a seller
D.Hold weekly mandatory training sessions for all salespersons
Explanation: Under NJREC regulations, the supervising broker's primary obligation is to ensure adequate supervision of all licensees and their real estate activities. This includes overseeing transactions, ensuring compliance with laws and regulations, maintaining proper trust account procedures, and verifying that all advertising meets regulatory requirements. While personal involvement in showings, offer reviews, and training may be components of supervision, the overarching duty is to ensure adequate supervision of all activities.
9In New Jersey, what is the Industrial Site Recovery Act (ISRA) designed to address?
A.Workplace safety in construction sites
B.Environmental contamination cleanup requirements when industrial properties are sold or closed
C.Zoning regulations for industrial development
D.Tax incentives for industrial property owners
Explanation: The Industrial Site Recovery Act (ISRA) is a New Jersey environmental law that requires the cleanup of environmental contamination when certain industrial establishments are sold, closed, or transfer operations. ISRA applies to businesses with Standard Industrial Classification (SIC) codes that involve hazardous substances. Before an affected property can be transferred, the owner must either obtain a negative declaration (no contamination) or complete a cleanup plan approved by NJDEP. This law significantly impacts commercial real estate transactions in New Jersey.
10A New Jersey broker places a 'For Sale' sign on a listed property. What must the sign include?
A.The salesperson's cell phone number
B.The brokerage firm name as licensed with NJREC
C.The property's asking price
D.The broker's license number
Explanation: New Jersey advertising regulations require that all real estate advertising, including yard signs, display the brokerage firm name as it is licensed with NJREC. The salesperson's name may also appear, but the brokerage firm name is the mandatory element. The asking price, license number, and personal phone numbers are not required by state regulation, though they may be included voluntarily or required by local MLS rules.

About the NJ RE Broker Exam

The New Jersey real estate broker exam is administered by PSI on behalf of the New Jersey Real Estate Commission (NJREC). It is a single combined examination of 115 questions worth 120 points, taken in 4 hours, requiring 70% (84 points) to pass. It covers the national real estate content outline plus 40 New Jersey state items on NJREC statutes and rules, trust accounts, licensing, and additional New Jersey requirements. Candidates must complete 150 hours of approved pre-license education and have three years of NJREC-approved full-time salesperson experience before scheduling.

Exam sponsor: PSI (for NJ Real Estate Commission). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Questions

115 questions

Time Limit

4 hours

Passing Score

70% (84 of 120 points)

Exam / Certification Fees

$38

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

19% of national

National portion — Contracts

General contract law, purchase and lease contracts, contingencies, addenda, remedies, and handling multiple offers and counteroffers

13% of national

National portion — Agency

Creating agency, listing and buyer-brokerage contracts, transaction brokers, powers of attorney, fiduciary duties, and agency disclosures

12% of national

National portion — Practice of Real Estate

Federal fair housing and ADA, antitrust, Do-Not-Call, social media advertising, handling funds of others, and broker-only supervisory responsibilities

10% of national

National portion — Property Ownership

Real vs. personal property, land characteristics and legal descriptions, encumbrances, and forms of ownership

9% of national

National portion — Financing

Loan terminology, underwriting, loan types including FHA/VA/USDA and reverse, RESPA, Regulation Z, TRID, and ECOA

8% of national

National portion — Valuation

Appraisals and unauthorized appraisal practice, the three approaches to value, CMA, BPO, and automated valuation models

7% of national

National portion — Property Disclosures

Seller property condition disclosure, conditions warranting inspection, environmental and governmental disclosures, and material defects

6% of national

National portion — Transfer of Title

Types of deeds, title insurance and searches, marketable and insurable title, the closing process, home warranties, and foreclosure, short sale, and probate transfers

6% of national

National portion — Real Estate Calculations

Seller net proceeds, buyer funds at closing, prorations, transfer fees, PITI, equity, cap rate, LTV, and discount points

5% of national

National portion — Land Use Controls

Government rights in land, taxation and eminent domain, public land use controls, and private controls including CC&Rs

5% of national

National portion — Property Management

Tenant procurement and qualification, fair housing in management, rent-setting analysis, and broker-only duties for maintenance, trust funds, and management contracts

30 of 40 state items

NJ state portion — Statutes and Rules Governing Licensee Activities

Advertising, broker/salesperson relationships, commissions and required accounting, agency and conflict disclosure, contracts, trust fund requirements, listings, place of business, escrow bookkeeping, inducements, buyer rebates, and other laws including the Realty Transfer Fee, Mount Laurel, the Municipal Land Use Law, the Truth in Renting Act, the Pinelands Protection Act, the Freshwater Wetlands Protection Act, and the Farmland Assessment Act

4 of 40 state items

NJ state portion — Licensing Requirements

Activities requiring a license and the types of New Jersey real estate licenses

3 of 40 state items

NJ state portion — Duties and Powers of the Real Estate Commission

Maintenance of records and sanctions including fines, license suspension, and revocation

3 of 40 state items

NJ state portion — Additional Requirements

New Jersey Real Estate Sales Full Disclosure Act, the New Jersey Law Against Discrimination, the Real Estate Guaranty Fund, and the New Jersey Real Estate Timeshare Act

Preparing for the NJ RE Broker Exam

What You Need to Know

  • Passing score: 70% (84 of 120 points)
  • Exam length: 115 questions
  • Time limit: 4 hours
  • Exam / certification fees: $38 Official sources

Using Our Practice Resources

  • Work through all 132 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

NJ RE Broker: Suggested Study Strategy

1Master NJ trust account rules: N.J.A.C. 11:5-5.1 requires deposit within five business days, permits only 'clearly nominal' broker funds, and 11:5-5.4 requires a three-way reconciliation at least quarterly and six-year record retention
2Learn the two supervision presence rules apart: N.J.A.C. 11:5-4.4(a) requires the licensee supervising a main office to be present at least five days per calendar week, while 11:5-4.3(b) requires the broker of record in an office at least one day each week
3Understand the NJ attorney review clause at N.J.A.C. 11:5-6.2(g) — a three-business-day window on licensee-prepared contracts for one-to-four-family homes, vacant one-family lots, and residential leases of a year or more
4Know the Realty Transfer Fee schedules and that P.L. 2025, c.69 replaced the buyer-paid 1% mansion tax with a seller-paid Graduated Percent Fee of 1%, 2%, 2.5%, 3%, or 3.5% applied to the entire consideration above $1,000,000
5Study the Real Estate Consumer Protection Enhancement Act (P.L. 2024, c.32, effective August 1, 2024): mandatory written brokerage services agreements, designated agency, the seller's Property Condition Disclosure Statement, and open-house signage

Frequently Asked Questions

How hard is the New Jersey real estate broker exam?

The NJ broker exam is a demanding single sitting: 115 questions worth 120 points in 4 hours, with 70% (84 points) required to pass. Beyond the national real estate content outline, 40 items test New Jersey law, and the largest single state category — statutes and rules governing licensee activities — accounts for 30 of those items. Trust account handling, brokerage supervision, and the attorney review process are the areas candidates most often underestimate. NJREC and PSI do not publish a first-time pass rate.

How many questions are on the New Jersey broker exam?

The New Jersey real estate broker examination has 115 questions worth 120 points, because some national broker items are scored at up to two points. It is a single combined exam covering both national and New Jersey content, not two separately scored portions. You have 4 hours and must earn 84 of the 120 points to pass. PSI administers it at test centers throughout New Jersey and by remote online proctoring.

What are the prerequisites for a New Jersey broker license?

You must be at least 18 with a high school diploma or equivalent, complete 150 hours of approved broker pre-license education (a 90-hour general course first, then two 30-hour courses), and have three years of full-time active New Jersey salesperson experience immediately preceding application, approved by the NJREC before you may schedule the exam. Full-time under N.J.A.C. 11:5-3.8 means at least 40 hours per week on any five days each week, with outside employment limited to 25 hours per week.

What topics are most tested on the New Jersey broker exam?

On the national portion, contracts (19%), agency (13%), and practice of real estate (12%) carry the most weight. On the New Jersey portion, 30 of the 40 state items come from the statutes and rules governing licensee activities: advertising, broker/salesperson relationships, commissions and required accounting, agency and conflict-of-interest disclosure, contracts and other documents, trust fund requirements, listings, place of business, escrow bookkeeping, inducements, buyer rebates, and other New Jersey laws including the Realty Transfer Fee, Mount Laurel requirements, the Municipal Land Use Law, and the Truth in Renting Act.