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[General] 2026 Real Estate New-Jersey-Real-Estate-Salesperson: New Jersey Real Estate Sale

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【General】 2026 Real Estate New-Jersey-Real-Estate-Salesperson: New Jersey Real Estate Sale

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Real Estate New Jersey Real Estate Salesperson Exam Sample Questions (Q20-Q25):NEW QUESTION # 20
After announcing that a new city park will soon be developed, homes in the immediate area experience a rise in value. This is an example of which of the following principles of value?
  • A. contribution
  • B. anticipation
  • C. highest and best use
  • D. change
Answer: B
Explanation:
Principle of anticipation: Value is created by the expectation of future benefits (e.g., new park development).
Change: value is constantly influenced by natural and economic changes.
Contribution: value of an improvement is measured by its contribution to the property's value.
Highest and best use: most profitable legal use of the land.
Here, the increase is due to anticipated future benefits # C.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Appraisal Principles.

NEW QUESTION # 21
A seller refuses to honor a sales agreement. The buyer could seek specific performance, which is a legal request to:
  • A. cancel all contractual obligations.
  • B. collect punitive damages from the seller.
  • C. receive monetary damages for losses suffered.
  • D. force the seller to complete the sales agreement.
Answer: D
Explanation:
Specific performance is a legal remedy requiring a party to perform as agreed in the contract, rather than just pay damages.
In real estate, because every parcel of land is unique, buyers often sue for specific performance to force the seller to transfer the property.
Options A and B describe rescission and compensatory damages.
Punitive damages are rare in contract law.
Correct answer = C.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Contracts and Remedies.

NEW QUESTION # 22
A licensee faxes a list of available properties to prospective buyers. Which of the following is true?
  • A. The licensee must mail an identical list to all parties.
  • B. The fax must contain an opt-out provision for future communications.
  • C. The licensee's company's name does not need to be listed.
  • D. The licensee must include only a phone number to reply.
Answer: B
Explanation:
Under the federal Telephone Consumer Protection Act (TCPA) and Junk Fax Prevention Act:
Any unsolicited fax must include a clear opt-out provision allowing the recipient to request no further communications.
The fax must also identify the sender, including company name.
There is no requirement to mail identical lists.
Correct answer = A.
Reference: Telephone Consumer Protection Act (TCPA); Junk Fax Prevention Act; NJ Real Estate Salesperson Study Guide, Chapter on Advertising Rules.

NEW QUESTION # 23
Which of the following statements would most likely be considered mere "puffing"?
  • A. The utility costs in this home are lower than in any other home in the neighborhood.
  • B. Children from this neighborhood have the highest SAT scores.
  • C. This lot has the most beautiful view of the lake.
  • D. This area is expected to increase in value by 25% within the next year.
Answer: C
Explanation:
Puffing = exaggeration or subjective opinion that no reasonable person would take as fact (e.g., "most beautiful view").
Statements of fact (e.g., predicted appreciation %, test scores, or utility costs) could be misrepresentation if untrue.
Thus, "This lot has the most beautiful view of the lake" = puffing.
Correct answer = B.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Ethics and Misrepresentation.

NEW QUESTION # 24
A CORRECT statement about transaction brokers is that they:
  • A. are required to disclose confidential information
  • B. may conduct transactions without an active real estate license
  • C. represent both the buyer and the seller
  • D. represent neither the buyer nor the seller
Answer: D
Explanation:
A transaction broker facilitates a real estate transaction without representing either party as an agent.
They owe both parties honesty and fairness but do not owe fiduciary duties such as loyalty or confidentiality.
They do not require client-level agency agreements.
They must still be licensed.
Correct answer = B.
Reference: NJ Real Estate Salesperson Study Guide, Chapter on Agency and Non-Agency Relationships.

NEW QUESTION # 25
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