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Last Updated: Sep 28, 2026
No. of Questions: 122 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| National Portion (80 questions) | 73% | - Practice and Ethics
|
| New Jersey State Portion (30 questions) | 27% | - New Jersey Real Estate Commission Rules
|
A seller sold a property for $375,000, with the closing on July 1st, in a jurisdiction where the buyer pays for the day of closing. The seller had a mortgage balance at the time of closing of $301,000, and had recently paid invoices of $400 for the second quarter's water and electricity, $1,200 for new appliances, and roofing repairs of $700. Based only on these items, how much will the seller receive at closing?
Correct Answer: D 🗳️
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A salesperson is selling a leased commercial property. What will happen to the lease after the sale is consummated?
Correct Answer: B 🗳️
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Which action would be allowed according to the Federal Fair Housing law?
Correct Answer: C 🗳️
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A purchase money note need NOT contain the:
Correct Answer: A 🗳️
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In advertisements of individual salespersons, which of the following is permitted?
Correct Answer: C 🗳️
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