Pass Your New Jersey Real Estate Exam the First Time

New Jersey requires 75 hours of pre-licensing education. The exam heavily tests NJ's Consumer Fraud Act and disclosure requirements. Fun fact: NJ attorneys typically handle closings, not title companies - understand this for your exam!

Questions

110

80 NAT / 30 STATE

To Pass

70%

77 / 110 TO PASS

Time Limit

4 Hrs

240 TOTAL MINUTES

Provider

PSI

REC

Pass your New Jersey Salesperson, Broker or Referral Agent License

New Jersey gives both buyer and seller a 3 business day attorney review period after contract execution, and a signed contract is not binding until that window closes.

Candidates from non attorney review states arrive assuming a signed contract is immediately enforceable. New Jersey’s exam tests that assumption directly, and every candidate who prepared with a national platform and never learned the attorney review rule fails that section. AI question banks built on national content generate questions that reflect the majority rule. New Jersey follows a different rule.

The License Professor is written by licensed New Jersey professionals who know the PSI state portion’s content. Every question on attorney review procedures, New Jersey protected classes, and disclosure requirements is drawn from New Jersey law.

New Jersey Sample Exams

Experience the real study interface — no account required.

Salesperson

Individuals new to real estate who want to start their career helping clients buy and sell property

Broker

Experienced professionals who want to operate independently or run their own brokerage

Referral Agent

Individuals new to real estate who want to start their career helping clients buy and sell property

Three Topics that Trip Up New Jersey Students Most

3-Day Attorney Review

Both buyer and seller get a 3-business-day attorney review period after a fully executed contract is delivered, during which either attorney can disapprove for virtually any reason — students from states without attorney review cannot grasp that a signed contract is not binding until this window closes.

NJ Fair Housing Act

New Jersey’s Law Against Discrimination adds protected classes beyond federal law including sexual orientation, gender identity, marital/domestic partnership status, and source of lawful income — the exam specifically tests these state-level additions.

Sales Full Disclosure Act

The Planned Real Estate Development Full Disclosure Act requires developers to register an offering plan with DCA before selling a single unit — students confuse this with standard seller disclosures.

The New Jersey Real Estate License Professor includes specialized deep dives for each of these.

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New Jersey Real Estate Exam FAQ

New Jersey Real Estate Practice Questions

Sample questions from the New Jersey real estate exam — with answers and explanations.

1. What are the three types of real estate agency recognized by the state of New Jersey?

  1. A.Seller's, Buyer's, Full Fiduciary.
  2. B.Seller's, Buyer's, Disclosed Dual.
  3. C.Seller's, Subagency, Disclosed Dual.
  4. D.Seller's, Buyer's Undisclosed Dual.
Explanation: Under New Jersey real estate law, the three recognized types of agency are: seller's agency, buyer's agency, and disclosed dual agency.

2. A buyer and seller execute a residential purchase contract in New Jersey on Monday at 2:00 PM. The buyer's attorney sends a disapproval letter Thursday morning. What is the legal status?

  1. A.The contract is binding; attorney review is advisory only.
  2. B.The contract is properly voided during the 3-business-day attorney review period.
  3. C.The contract is void because the attorney review period expired before disapproval.
  4. D.Disapproval is valid only if the attorney provides a legally sufficient reason.
Explanation: In New Jersey, both parties have 3 business days from delivery of the fully executed contract to disapprove through their attorneys without stating any reason. Counting from Monday delivery: Tuesday (Day 1), Wednesday (Day 2), Thursday (Day 3). Thursday morning falls within this period, making the disapproval timely and valid.

3. Which of the following statements about real estate financing in New Jersey is incorrect?

  1. A.A promissory note is security for a mortgage.
  2. B.The owner of a property who borrows money and signs a mortgage is called a mortgagor.
  3. C.Although a mortgage does not transfer legal title to the property, it is still considered a lien.
  4. D.Discounting a note indicates that it is being sold at less than the face value, or amount still owing on the principal.
Explanation: The mortgage is security for the promissory note; but the reverse is not true.

New Jersey Real Estate License Reciprocity

New Jersey does not offer reciprocity with any other state. To obtain a New Jersey real estate license, you must complete the full pre-licensing education and pass the New Jersey exam regardless of any licenses you hold elsewhere.

However, these states recognize a New Jersey real estate license:

Alabama, Colorado, Georgia, Indiana, Kansas, Mississippi, Missouri, Virginia

Reciprocity rules change. Verify current requirements with each state's real estate commission before applying.

Your Path to New Jersey Real Estate

Follow the progression from entry-level to advanced licensure.

1
Salesperson
2
Referral Agent
3
Broker
1

Salesperson License

Who is this for?

This license is ideal for individuals new to real estate who want to start their career helping clients buy and sell property To obtain a Salesperson license, you must be sponsored by a licensed broker or brokerage firm.

Requirements

Age18+
ExperienceEntry-Level
SponsorshipRequired

Your Exam

Questions110
Time4h
Format80 Nat + 30 State
Passing Score Progress70%

You need 77 out of 110 questions correct to pass.

Renewal: Every 2 years • 12 CE hours required

Direct upgrade available

2

Referral Agent License

Who is this for?

This license is ideal for individuals new to real estate who want to start their career helping clients buy and sell property To obtain a Referral Agent license, you must be sponsored by a licensed broker or brokerage firm.

Requirements

Age18+
ExperienceEntry-Level
SponsorshipRequired

Your Exam

Questions110
Time4h
Format80 Nat + 30 State
Passing Score Progress70%

You need 77 out of 110 questions correct to pass.

Renewal: Every 2 years • 12 CE hours required

To upgrade: 2 years experience, no sponsorship needed

3

Broker License

Who is this for?

This license is ideal for experienced professionals who want to operate independently or run their own brokerage

Requirements

Age18+
Experience2 years
SponsorshipNot needed

Your Exam

Questions120
Time4h
Format80 Nat + 40 State
Passing Score Progress70%

You need 84 out of 120 questions correct to pass.

Renewal: Every 2 years • 12 CE hours required