NJRE - New Jersey Real Estate Salesperson License Examination

Question 21: A bank or insurer refuses to make loans, write policies, or extend services in a particular neighborhood based on the racial or ethnic composition of the residents, regardless of the individual applicant's qualifications. Which fair housing violation BEST captures this practice?

Subagency violation

Disparate treatment in pricing only

Reverse compliance default

Redlining of a neighborhood

Question 22: A real estate agent in Newark goes door-to-door telling homeowners in the neighborhood that property values will fall because minority families are moving into the area and urging the owners to sell quickly. Which fair housing violation BEST captures this prohibited practice?

Permissible neighborhood marketing

Steering buyers to a neighborhood

Blockbusting of a neighborhood

Redlining of a neighborhood

Question 23: An owner of a public-accommodation real estate sales office in Jersey City must ensure that the office is accessible to persons with disabilities, including providing reasonable modifications where necessary. Which federal title of the ADA BEST addresses public-accommodation accessibility?

Title III

Title IV

Title I

Title V

Question 24: After the U.S. Supreme Court decided Bostock v. Clayton County in 2020, HUD issued a 2021 memorandum interpreting the Fair Housing Act's reference to sex to encompass additional characteristics. Which of the following BEST identifies what the HUD memo extended the protection to cover?

Age and economic status

Marital status and parenthood

Veteran status only

Sexual orientation and gender identity

Question 25: The New Jersey Law Against Discrimination, N.J.S.A. 10:5-1 et seq., is broader than federal fair housing law and adds several protected classes beyond the federal list. Which of the following classes is BEST identified as protected under New Jersey law but not federally listed as a fair housing protected class?

Race

Source of lawful income

Religion

National origin

Question 26: A New Jersey statute protects qualifying senior citizens and disabled tenants in certain converted residential buildings from eviction for an extended period and provides rent stabilization protections during conversion to condominium or cooperative ownership. Which statute BEST identifies this protection?

The Real Estate Sales Full Disclosure Act

The Realty Transfer Fee Act

The Truth in Renting Act

Senior Citizens and Disabled Protected Tenancy Act

Question 27: A New Jersey brokerage firm classifies its salespersons as independent contractors rather than employees for federal tax purposes. The Internal Revenue Code provides a specific safe harbor for real estate professionals when certain conditions are met. Which BEST identifies a key condition of the federal real estate IC safe harbor?

Compensation tied to sales output

The firm pays health insurance

The firm sets daily working hours

Salesperson must hold securities license

Question 28: Two competing brokerage firms in Bergen County agree privately that they will both set a uniform six percent commission rate for residential listings in the same area, eliminating competitive pricing between them. Which federal antitrust violation BEST identifies this anticompetitive agreement?

Tying arrangement

Price fixing

Reverse redlining

Bid rigging on unrelated contracts

Question 29: A real estate broker in Cherry Hill conducting telemarketing must comply with federal and state Do Not Call rules. The federal Telephone Consumer Protection Act and the FTC Telemarketing Sales Rule generally limit certain calls. Which timing rule BEST applies to calls to residential phone numbers?

8 AM to 9 PM at recipient

Any hour with consent on file

Only between 7 AM and 7 PM

Only weekends until 10 PM

Question 30: The 2025 FinCEN Residential Real Estate Final Rule requires reporting of certain non-financed transfers of residential real property to legal entities and trusts to combat money laundering. Which kind of professional often must file the required Real Estate Report under the rule?

The selling real estate broker only

Only the buyer's lender if any

Settlement-related title agents or attorneys

Only the municipal tax assessor

Question 31: A real estate wholesaler in New Jersey contracts to buy a residential property and then assigns the contract to an end buyer for a fee, without ever taking title. Recent amendments to New Jersey law restrict this activity and may require licensure. Which agency primarily enforces these wholesaling restrictions?

FinCEN

The New Jersey Real Estate Commission

The Federal Reserve Board

Department of Housing and Urban Development

Question 32: Following the 2024 NAR settlement, certain buyer-broker compensation practices changed nationally. New Jersey RECPEA also reinforced the practice of requiring a written buyer brokerage services agreement before substantive services. Which of the following BEST identifies one immediate practical effect?

Buyer compensation no longer negotiable

Listing brokers may not use MLS

Cooperation must occur outside MLS

Compensation disclosed and negotiated separately

Question 33: The New Jersey Real Estate Commission has a defined composition under the License Act. The Commission sits within the Department of Banking and Insurance and includes broker members, public members, and a government representative. Which of the following BEST identifies the total number of voting members on the Commission?

Eight members plus the ex-officio Commissioner

Three members appointed by the Governor

Twelve members from each county

Twenty-one members elected statewide

Question 34: The New Jersey Real Estate Commission has broad disciplinary authority against licensees who violate the License Act or Commission rules. The available sanctions range from administrative penalties to license action. Which of the following BEST identifies the Commission's most severe sanction?

A written advisory letter

Suspension for ninety days only

Revocation of the real estate license

A non-binding recommendation to retake the exam

Question 35: The New Jersey Real Estate Guaranty Fund pays compensation to a consumer who has suffered a loss from a licensee's fraud or other wrongful act and who has obtained an unsatisfied final judgment. Which of the following BEST identifies the source of the Guaranty Fund's authorizing statute?

N.J.S.A. 56:8-1 et seq.

N.J.A.C. 7:13

N.J.S.A. 25:1-13

N.J.S.A. 45:15-34 et seq.

Question 36: A new entrant to real estate in New Jersey wants the most common entry-level license. The candidate works under a sponsoring broker, completes seventy-five hours of pre-licensing education, passes the state exam, and pays the required fee. Which license BEST identifies this entry tier?

Salesperson

Broker-salesperson

Instructor

Broker of record

Question 37: A New Jersey salesperson must complete continuing education each licensing cycle as a condition of renewal. The current requirement includes specific topic mandates such as ethics, fair housing, and law and regulations. Which agency primarily approves the courses and the schools that offer them?

The federal HUD office

The IRS Tax Education Division

The New Jersey Real Estate Commission

The U.S. Department of Education

Question 38: A New Jersey broker advertising a listed property in print or online must comply with N.J.A.C. 11:5-6.1, which prescribes certain content requirements. Which of the following BEST identifies one of the required elements in a licensee's advertising of a property listing?

The licensee's home address must appear

The brokerage firm's full business name

The licensee's personal cell phone number

The seller's social security number

Question 39: A New Jersey brokerage firm operating from a main office in Newark wants to open a branch office in Cherry Hill. Which of the following BEST describes a key requirement for the branch office under the License Act and Commission rules?

Each branch needs on-site management oversight

Branch offices need no separate oversight

Branch offices need not display license

Branch offices share license number freely

Question 40: A New Jersey broker wants to offer a small gift card to a homebuyer as a closing thank-you. Inducements and buyer rebates are regulated in New Jersey, and the Commission has specific rules around offering things of value to clients. Which of the following BEST captures the Commission's general approach?

All gifts to consumers are prohibited

Gifts trigger automatic loss of license

Only cash rebates are ever permitted

Inducements may be permitted within rules

NJRE New Jersey Real Estate Salesperson License Examination - Set 5 - Part 2