Free Practice Questions for NJ Real Estate
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Key Facts: NJ Real Estate Exam
110 Q
Exam Length
PSI NJ salesperson candidate bulletin
80 + 30
National + State Split
PSI NJ
70%
Passing Score
NJREC
75 hrs
Pre-License Education
NJREC licensing requirements
$45
Exam Fee
PSI NJ fee schedule
3 days
Attorney Review Period
NJ real estate law
New Jersey requires 75 hours of pre-license education and the PSI exam (80 national + 30 state questions, 70% to pass). A unique 3-business-day attorney review period allows either party's attorney to disapprove contracts. The Realty Transfer Fee uses a sliding scale from $2/$500 under $150K to $6.05/$500 over $1M. The NJ Law Against Discrimination adds protected classes beyond federal law.
Sample NJ Real Estate Practice Questions
Try these sample questions to review concepts for the NJ Real Estate exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 283+ question experience with AI tutoring.
1What is the minimum age requirement to obtain a New Jersey real estate salesperson license?
2How many hours of pre-license education are required for a New Jersey real estate salesperson license?
3Which New Jersey state agency regulates real estate licensees?
4What is the passing score required on the New Jersey real estate salesperson examination?
5How many scored questions are on the New Jersey real estate salesperson exam?
6Which testing company administers the New Jersey real estate salesperson exam?
7What is the continuing education requirement for New Jersey real estate license renewal?
8Which of the following is NOT required to obtain a real estate salesperson license?
9What is the license period for real estate salespersons?
10What must a real estate salesperson have before they can practice?
About the NJ Real Estate Exam
The New Jersey real estate salesperson exam covers national real estate fundamentals plus New Jersey-specific topics including NJREC licensing requirements, the unique attorney review period, agency disclosure obligations, New Jersey's Realty Transfer Fee, GIT (Gross Income Tax) seller withholding, and the New Jersey Law Against Discrimination (LAD) which provides the broadest fair housing protections in the US.
Exam sponsor: NJREC / PSI. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Questions
110 questions
Time Limit
4 hours
Passing Score
70%
Reported exam pass rate: 50%. estimated first-time pass rate (NJREC/PSI 2024) This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website
Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Official sources
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.
National: Property Ownership
Real vs. personal property, legal descriptions, liens, easements, encroachments, and types of ownership
National: Land Use Controls and Regulations
Property taxes, eminent domain, zoning and master plans, building codes, environmental hazards, and private controls
National: Valuation and Market Analysis
Appraisals, estimating value, and competitive or comparative market analysis
National: Financing
Points, LTV, PMI, loan types, lending laws such as TILA, RESPA and TRID, and underwriting
National: General Principles of Agency
Agency and non-agency relationships, fiduciary duties, agency agreements, duties to customers, and termination of agency
National: Property Disclosures
Property condition, environmental issues, government disclosure requirements such as lead, and material facts
National: Contracts
Contract law, clauses and addenda, offers and purchase agreements, counteroffers and multiple offers
National: Leasing and Property Management
Property management duties, lease types and provisions, landlord and tenant rights, and fair housing compliance
National: Transfer of Title
Title insurance and searches, deeds, escrow and closing, prorations, foreclosure and short sales, and warranties
National: Practice of Real Estate
Trust and escrow accounts, fair housing and the ADA, advertising and technology, licensee responsibilities, and antitrust
National: Real Estate Calculations
LTV, discount points, equity, down payment, property tax, prorations, commissions, seller proceeds, and transfer fees
New Jersey: Duties and Powers of the Real Estate Commission
Maintenance of records and sanctions, including fines, suspension, and revocation
New Jersey: Licensing Requirements
Activities requiring a license and types of licenses
New Jersey: Statutes and Rules Governing Licensee Activities
Advertising, commissions, agency and disclosure, contracts, trust funds, listings, escrow records, rebates, and other laws such as the Realty Transfer Fee and Truth in Renting Act
New Jersey: Additional Requirements
Real Estate Sales Full Disclosure Act, Law Against Discrimination, Real Estate Guaranty Fund, and Time Share Act
Preparing for the NJ Real Estate Exam
What You Need to Know
- Passing score: 70%
- Exam length: 110 questions
- Time limit: 4 hours
- Exam / certification fees: $45 Official sources
Using Our Practice Resources
- Work through all 283 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
NJ Real Estate: Suggested Study Strategy
Frequently Asked Questions
How many questions are on the New Jersey real estate salesperson exam?
The NJ exam has 110 total questions: 80 national and 30 state-specific. The passing score is 70%, or 77 correct answers. PSI administers the exam with 4 hours total.
What is the New Jersey attorney review period?
New Jersey requires a 3-business-day attorney review period after a real estate contract is signed. During this period, either party's attorney can review and disapprove the contract, effectively canceling it. If no attorney acts within 3 days, the contract becomes binding.
How does New Jersey's Realty Transfer Fee work?
The seller pays the NJ Realty Transfer Fee on recording the deed. For a sale of $350,000 or less, the standard rates are $2.00 per $500 up to $150,000, $3.35 per $500 from $150,000 to $200,000, and $3.90 per $500 from $200,000 to $350,000. Above $350,000 the rates are $2.90, $4.25, $4.80, $5.30, $5.80 and $6.05 per $500 for the bands up to $150,000, $200,000, $550,000, $850,000, $1,000,000 and over $1,000,000. Reduced rates apply to senior, blind or disabled sellers and low- and moderate-income housing.
What makes New Jersey's fair housing law unique?
The NJ Law Against Discrimination (LAD) is considered the broadest anti-discrimination law in the US. It adds protected classes including marital status, domestic partnership status, sexual orientation, gender identity, nationality, ancestry, atypical hereditary cellular or blood trait, and genetic information.