15 free questions from the Cinna RE New Jersey real estate exam bank (120 in the app). Tap an answer to check it. The rationale opens right away.
During a New Jersey Real Estate Commission disciplinary proceeding, which of the following best describes a licensee's procedural rights?
Answer: B. The licensee is entitled to notice of the charges and an opportunity to be heard at a hearing
As an administrative agency action, a disciplinary proceeding affords the licensee due process, including notice of the charges and an opportunity to be heard at a hearing before any sanction is imposed.
A buyer and seller sign a standard residential real estate contract prepared by their New Jersey real estate licensees. Under the New Jersey attorney-review practice, when does the binding three-business-day attorney-review period begin?
Answer: B. After the fully signed contract has been delivered to both buyer and seller
Under New Jersey's attorney-review framework, the three-business-day period starts once the fully executed contract has been delivered to both buyer and seller. During that period either party's attorney may review and disapprove or modify the contract.
The New Jersey Consumer Information Statement (CIS) describes which business relationships a brokerage firm may have with consumers?
Answer: A. Seller's agent, buyer's agent, disclosed dual agent, and transaction broker
The NJ CIS sets out the recognized business relationships: seller's agent, buyer's agent, disclosed dual agent, and transaction broker. It allows the consumer to understand which relationship the firm intends, so the consumer can make an informed choice about working with the licensee.
A New Jersey salesperson accepts a commission directly from a buyer without the knowledge or consent of her employing broker. This is:
Answer: A. A violation; a salesperson may be paid only by her employing broker
In New Jersey a salesperson works under and is paid only by her employing broker. Accepting compensation directly from a member of the public, or from anyone other than the employing broker, is a license-law violation subject to discipline.
When a New Jersey seller completes a property-condition disclosure statement, the licensee's primary professional responsibility is to:
Answer: A. Ensure the form is accurately completed and not knowingly misrepresent the property's condition
The licensee must help see that a property-condition disclosure is accurately completed by the seller and must not knowingly misrepresent the property's condition. The licensee neither invents answers nor guarantees the property; the seller provides the factual disclosures and the agent ensures honesty and delivery.
New Jersey requires licensees to complete continuing education during each license term. The primary purpose of this CE requirement is to:
Answer: C. Keep licensees current on law, ethics, and practice changes to protect the public
The CE mandate exists to ensure licensees stay current on legal, ethical, and practice developments so they can competently serve and protect the public. It is not a revenue device, does not replace broker supervision, and does not by itself confer broker qualification.
Under New Jersey's agency disclosure rules, when must a licensee first provide the Consumer Information Statement (CIS) to a consumer?
Answer: A. At the first contact at which a substantive discussion about a specific property occurs
New Jersey requires the Consumer Information Statement on the role of brokerage firms to be presented at the first contact in which the licensee and consumer have a substantive discussion about the consumer's needs or a specific property. It explains the business relationships available and must be given early, not at closing or only on request.
A property manager handling residential rentals in New Jersey wants to remove a tenant who has stopped paying rent. Consistent with New Jersey landlord-tenant law, the lawful method to regain possession is to:
Answer: C. Pursue a court eviction process and obtain a judgment for possession before removal
New Jersey prohibits self-help evictions. A landlord or property manager must use the court eviction process and obtain a judgment for possession (enforced by an officer of the court) to lawfully remove a residential tenant. Lockouts, utility shutoffs, and forced same-day removals are illegal.
Under New Jersey's agency model, a licensee who works with a buyer or seller but does NOT represent either party as a fiduciary is acting as a:
Answer: B. Transaction broker (transaction-broker relationship)
New Jersey recognizes the transaction-broker relationship, in which the licensee works with a consumer to facilitate the transaction without representing that consumer's interests as an agent or fiduciary. This relationship is described in the CIS.
Which transaction is most likely EXEMPT from the typical residential property-condition disclosure expectations applied to ordinary home sales in New Jersey?
Answer: A. A transfer by a court-appointed fiduciary, such as an executor or sheriff at foreclosure sale
Transfers by court-appointed fiduciaries (executors, administrators, sheriffs at foreclosure, trustees in bankruptcy) typically fall outside ordinary residential disclosure expectations because such sellers lack personal knowledge of the property's condition. Ordinary owner sales of homes remain subject to the disclosure duties.
A New Jersey salesperson keeps an earnest money deposit in his personal checking account rather than turning it over to his broker for the broker's trust account. This conduct is best described as:
Answer: A. Commingling and conversion of trust funds, a license-law violation
Mixing client or escrow money with personal funds is commingling, and using it for personal purposes is conversion. Deposits must be promptly delivered to the broker and held in the broker's trust (escrow) account. Both are serious license-law violations subject to disciplinary action by the REC.
How many hours of approved prelicensing education must an applicant complete to qualify for a New Jersey real estate salesperson license?
Answer: C. 75 hours
New Jersey requires applicants for a salesperson license to successfully complete 75 hours of approved prelicensing education before taking the licensing examination.
In New Jersey, the unlicensed practice of real estate brokerage, such as collecting a commission for selling a home while holding no license, is:
Answer: A. A prohibited act the Commission may pursue, and which can carry penalties
Acting as a broker or salesperson without a license, including collecting compensation for brokerage services, is prohibited. The Commission may take action, and unlicensed activity can result in penalties and bars to future licensure.
A standard preprinted New Jersey contract for the sale of residential real estate prepared by a broker generally includes an attorney-review period of:
Answer: B. 3 business days
New Jersey real estate contracts prepared on standard forms include a 3-business-day attorney-review period during which either party's attorney may review and disapprove the contract.
When a New Jersey contract for the sale of a one- to four-family residential property is prepared by a real estate licensee, how long is the attorney-review period during which either party's attorney may disapprove the contract?
Answer: A. Three business days
New Jersey provides a three-business-day attorney-review period, during which either party's attorney may review and disapprove the licensee-prepared contract.
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