Real Real Estate New-Jersey-Real-Estate-Salesperson practice exam questions for easy pass!
Updated: Jun 28, 2026
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1. The following statement was found in a real estate sales contract: "In the event of a default by the purchaser, the forfeiture of the earnest money to the seller will be the only compensation to which the seller will be entitled." This statement most likely describes a:
A) liquidated damages clause
B) default delivery clause
C) indemnification clause
D) broker protection clause
2. As required by the New Jersey Real Estate Sales Full Disclosure Act, before signing any contract for the purchase or lease of a property registered with the New Jersey Real Estate Commission, the purchaser or lessee MUST be provided with a copy of the:
A) deed or other instrument establishing title in the name of the developer
B) New Jersey Public Offering Statement approved by the Commission
C) filed plat map identifying the location of the property being bought or leased
D) Statement of Record filed by the developer with the Commission
3. What is the difference between a license to use property and an easement?
A) There must be consideration paid for an easement.
B) An easement can be cancelled by the issuer.
C) There must be consideration paid for a license.
D) A license can be cancelled by the issuer.
4. Which of the following actions is a function of a municipal planning board?
A) Approving a variance for an addition to a garage on a residential property
B) Prescribing and controlling the development and use of all land in a municipality
C) Creating a master plan for all the land in a particular county
D) Unilaterally approving subdivisions in a jurisdiction
5. A contract of sale prepared by a licensee MUST include an attorney review clause if it pertains to which of the following types of properties?
A) Commercial building that does not exceed 10,000 square feet
B) Single family residential vacant lot
C) Subdivision of fifteen or more lots
D) Six-family dwelling unit, a portion of which is used for non-residential purposes
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
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