A New Jersey broker may pay a referral fee to a broker licensed only in another jurisdiction on what condition?N.J.S.A. 45:15-3.1
Against whom alone may a New Jersey salesperson bring a court action to collect compensation for licensed acts?N.J.S.A. 45:15-3
An owner sells her own house without a broker. Why does the New Jersey license article not apply to her?N.J.S.A. 45:15-4
An unlicensed person takes a fee for help locating rental housing before any lease is signed. What is the lowest fine N.J.S.A. 45:15-1.2 sets?N.J.S.A. 45:15-1.2
For how long must each member of the New Jersey Real Estate Commission have been a resident of the State?N.J.S.A. 45:15-5
From what are the expenses of the New Jersey Real Estate Commission paid?N.J.S.A. 45:15-29
From whom may a salesperson licensed with a real estate referral company accept compensation for a referral?N.J.S.A. 45:15-3
How does the New Jersey Real Estate Commission authenticate its proceedings?N.J.S.A. 45:15-8
How is the president of the New Jersey Real Estate Commission chosen?N.J.S.A. 45:15-6
How long is the term of a New Jersey Real Estate Commission member other than the department representative?N.J.S.A. 45:15-5
Show all 204 questions (194 more)
License law and the Commission, continued
How many members of the New Jersey Real Estate Commission must have been real estate brokers for at least 10 years?N.J.S.A. 45:15-5
How many public members does the New Jersey Real Estate Commission have?N.J.S.A. 45:15-5
How much activity counts as "engaging in business" under the New Jersey real estate license article?N.J.S.A. 45:15-2
How often does the Commission pay the fines and penalties it receives into the State treasury?N.J.S.A. 45:15-29
May a licensed broker of another jurisdiction sue a New Jersey broker in the courts of New Jersey for a referral commission?N.J.S.A. 45:15-3.1
May a salesperson licensed with a real estate referral company also hold a broker-salesperson license at the same time?N.J.S.A. 45:15-3
N.J.S.A. 45:15-1.2 bars unlicensed fees for help locating rental housing. Which charge does the section say it does not prohibit an owner of rental properties from making?N.J.S.A. 45:15-1.2
On what terms may the Governor remove a member of the New Jersey Real Estate Commission?N.J.S.A. 45:15-5
To sue in a New Jersey court for compensation for brokerage acts, what must the plaintiff allege and prove under N.J.S.A. 45:15-3?N.J.S.A. 45:15-3
To what are the brokerage activities of a salesperson licensed with a real estate referral company limited?N.J.S.A. 45:15-3
Under N.J.S.A. 45:15-1, what must a person have before engaging in the business of a real estate salesperson in New Jersey, even temporarily?N.J.S.A. 45:15-1
Under N.J.S.A. 45:15-3, a person who supervises a real estate referral company falls within which definition?N.J.S.A. 45:15-3
Under N.J.S.A. 45:15-5, by whom are New Jersey's real estate commissioners named to office?N.J.S.A. 45:15-5
Under N.J.S.A. 45:15-5, the New Jersey Real Estate Commission is made up of how many commissioners?N.J.S.A. 45:15-5
Under the definition in N.J.S.A. 45:15-3, which act done for others for a fee makes a person a real estate broker?N.J.S.A. 45:15-3
What does N.J.S.A. 45:15-8 say about the records kept in the Commission's office under the license article?N.J.S.A. 45:15-8
What is the longest imprisonment N.J.S.A. 45:15-1.2 allows for an unlicensed person who takes a fee for locating rental housing before a lease is executed?N.J.S.A. 45:15-1.2
What makes a quorum of the New Jersey Real Estate Commission?N.J.S.A. 45:15-5
What sets a New Jersey broker-salesperson apart from a salesperson in the definitions of N.J.S.A. 45:15-3?N.J.S.A. 45:15-3
Which loan activity for others does New Jersey's definition of a real estate broker reach?N.J.S.A. 45:15-3
Which member of the New Jersey Real Estate Commission serves at the pleasure of the Governor?N.J.S.A. 45:15-5
Which of these does N.J.S.A. 45:15-4 place outside the real estate license article?N.J.S.A. 45:15-4
Which professional does N.J.S.A. 45:15-4 name as outside the real estate license article?N.J.S.A. 45:15-4
Getting and keeping a license 46
A broker let a license expire to work for a New Jersey public agency that deals with real estate matters. The relicensing steps of subsection d. do not apply if the broker reapplies within what time after that employment ends?N.J.S.A. 45:15-9
A broker's license lapsed for more than five consecutive years. What does N.J.S.A. 45:15-9 require of that person first?N.J.S.A. 45:15-9
A broker's license lapsed for more than two but less than five consecutive years. How long must the person work full time as a licensed salesperson before another broker license?N.J.S.A. 45:15-9
A broker's main office licensed by the Commission is located in another state. What must the broker maintain there?N.J.S.A. 45:15-15
A licensed broker whose main office is outside New Jersey may provide brokerage services on New Jersey real estate personally or through whom?N.J.S.A. 45:15-20
A nonresident licensee fails to renew or obtain a new license for two or more consecutive years. What does N.J.S.A. 45:15-20 require before a further license?N.J.S.A. 45:15-20
A person never licensed otherwise has been a salesperson with a referral company for more than six years. What qualifies that person for a full salesperson license?N.J.S.A. 45:15-9
A salesperson applies to renew after the license has expired. What late renewal fee does N.J.S.A. 45:15-15 set for a salesperson?N.J.S.A. 45:15-15
A salesperson failed to renew and seeks reinstatement within two years of the expiration date. What must she submit under N.J.S.A. 45:15-9?N.J.S.A. 45:15-9
A salesperson licensed only with a referral company for six years or less, never licensed otherwise, wants a full salesperson license. Up to how many hours of continuing education does N.J.S.A. 45:15-9 call for?N.J.S.A. 45:15-9
A salesperson's license has lapsed for two consecutive years or more, with no medical reason. What must the person do before a further license is issued?N.J.S.A. 45:15-9
A salesperson's license was suspended only because the broker's license was revoked. What does a new license with another broker cost if granted in the same license term?N.J.S.A. 45:15-15
A sole proprietor broker dies leaving no broker-salesperson. For how long must the person who seeks a temporary broker's license have held a salesperson's license?N.J.S.A. 45:15-11.3
After the effective date of a resignation, when may the departing New Jersey salesperson again perform licensed acts?N.J.S.A. 45:15-14
Can a temporary broker's license issued after a broker's death be renewed?N.J.S.A. 45:15-11.3
The Commission revokes a New Jersey broker's license. What does N.J.S.A. 45:15-15 do to the salespersons working under that broker?N.J.S.A. 45:15-15
For how long must a broker applicant have worked full time as a New Jersey salesperson immediately before applying?N.J.S.A. 45:15-9
For whom may the Commission waive the New Jersey salesperson experience required of a broker applicant?N.J.S.A. 45:15-9
How does the Commission's secretary forward process served under N.J.S.A. 45:15-21 to the out-of-State licensee?N.J.S.A. 45:15-21
How long is the general broker's pre-licensure course required of a person whose broker license lapsed for more than two but less than five consecutive years?N.J.S.A. 45:15-9
How must a New Jersey broker give notice when terminating a salesperson?N.J.S.A. 45:15-14
Must a New Jersey licensee take the examination again to renew a license at the end of a term?N.J.S.A. 45:15-10
N.J.S.A. 45:15-10 has each license expire on the last day of a term the Commission sets. How many years does that term run?N.J.S.A. 45:15-10
N.J.S.A. 45:15-12.1 bars a license to a person known to have been convicted of forgery, burglary or robbery within how many years before?N.J.S.A. 45:15-12.1
N.J.S.A. 45:15-12.1 bars a license within five years of a conviction for any theft offense other than which one?N.J.S.A. 45:15-12.1
On what showing may the Commission, in its discretion, approve relicensure of a salesperson who has not renewed for two or more consecutive years?N.J.S.A. 45:15-9
Process served on the Commission's secretary for a licensee whose business address is outside the State is served in how many copies?N.J.S.A. 45:15-21
What application fee, not refundable, goes with an application for a New Jersey real estate license under N.J.S.A. 45:15-9?N.J.S.A. 45:15-9
What does N.J.S.A. 45:15-11 give an honorably discharged veteran, wounded or disabled in the line of duty, who has completed approved courses and passed the Commission's examination?N.J.S.A. 45:15-11
What does the issuance of a New Jersey license to a nonresident count as under N.J.S.A. 45:15-9?N.J.S.A. 45:15-9
What fee does N.J.S.A. 45:15-14 set for a new license when a terminated salesperson shows he has joined another licensed broker?N.J.S.A. 45:15-14
What general schooling must every applicant for a New Jersey real estate license have?N.J.S.A. 45:15-9
What happens to a corporation's New Jersey broker license if no officer holds a license as its authorized broker?N.J.S.A. 45:15-9
What is the biennial fee for a New Jersey real estate broker's license under N.J.S.A. 45:15-15?N.J.S.A. 45:15-15
What is the biennial fee for a New Jersey real estate salesperson's license under N.J.S.A. 45:15-15?N.J.S.A. 45:15-15
What is the minimum age of an applicant for a New Jersey salesperson license?N.J.S.A. 45:15-9
What must a corporation have before New Jersey grants it a broker license?N.J.S.A. 45:15-9
What must a New Jersey salesperson have in his possession at all times when engaged in the business?N.J.S.A. 45:15-14
What must an applicant submit so that the criminal history record background check can be performed?N.J.S.A. 45:15-9
What must an application for a license with a real estate referral company include?N.J.S.A. 45:15-9
Which subjects does N.J.S.A. 45:15-10 name for the New Jersey license examination?N.J.S.A. 45:15-10
Who bears the cost of the criminal history record background check on an applicant for a New Jersey real estate license?N.J.S.A. 45:15-9
Who keeps the license certificate of a New Jersey salesperson?N.J.S.A. 45:15-14
With how many brokers may a New Jersey salesperson be licensed at the same time?N.J.S.A. 45:15-14
Within how many business days of the effective date of a salesperson's termination or resignation must the broker deliver the license, or the other prescribed materials, to the Commission?N.J.S.A. 45:15-14
Within how many days of a broker's death or incapacity must the application for a temporary broker's license be made?N.J.S.A. 45:15-11.3
Courses and continuing education 27
A licensee teaches the same approved continuing education course four times in one biennial term. How much credit does the licensee receive toward renewal?N.J.S.A. 45:15-16.2a
A salesperson is first licensed in the second year of a two-year license term. What continuing education is needed to renew at the end of that term?N.J.S.A. 45:15-16.2d
A salesperson successfully completes a broker pre-licensure course during a license term. What does that do for continuing education?N.J.S.A. 45:15-16.2d
After how many years as a broker or broker-salesperson does the continuing education requirement stop applying?N.J.S.A. 45:15-16.2a
At least how many hours of the New Jersey salesperson pre-licensure course must be on ethics and ethical conduct?N.J.S.A. 45:15-10.1
At least how many hours of the New Jersey salesperson pre-licensure course must be on fair housing and housing discrimination?N.J.S.A. 45:15-10.1
At least what share of a licensee's required continuing education must be in the core topics?N.J.S.A. 45:15-16.2e
Besides an hour on fair housing and housing discrimination, which continuing education course must every broker, broker-salesperson and salesperson complete in each biennial term?N.J.S.A. 45:15-16.2e
By what date in the year a biennial license expires must continuing education be completed?N.J.S.A. 45:15-16.2c
The Commission may never require core topics to make up more than what share of the continuing education hours for a renewal?N.J.S.A. 45:15-16.2e
The core continuing education topic of ethics must be not less than how many hours?N.J.S.A. 45:15-16.2e
How many credits is one hour of continuing education instruction worth?N.J.S.A. 45:15-16.2e
How many hours of courses must an applicant for a New Jersey broker or broker-salesperson license complete before admission to the examination?N.J.S.A. 45:15-10.1
How many hours of courses must an applicant for a New Jersey salesperson license complete before admission to the examination?N.J.S.A. 45:15-10.1
How many hours of the New Jersey broker pre-licensure course of study must be on ethics and ethical conduct?N.J.S.A. 45:15-10.1
How many members sit on the Volunteer Advisory Committee that recommends continuing education courses to the Commission?N.J.S.A. 45:15-16.2a
How may New Jersey continuing education courses be delivered under N.J.S.A. 45:15-16.2b?N.J.S.A. 45:15-16.2b
On which grounds may the Commission waive continuing education requirements in whole or in part?N.J.S.A. 45:15-16.2a
What is the Bureau of Real Estate Education responsible for?N.J.S.A. 45:15-10.3
What is the most continuing education the Commission may require of a New Jersey broker or salesperson for a biennial renewal?N.J.S.A. 45:15-16.2a
What is the most the Commission may charge as a processing fee to a licensee who has not finished continuing education before May 1 of the second year of the term?N.J.S.A. 45:15-16.2c
What may the Commission not require as a condition of credit for a continuing education course?N.J.S.A. 45:15-16.2b
When may the Commission waive some or all of the salesperson pre-licensure education under N.J.S.A. 45:15-10.2?N.J.S.A. 45:15-10.2
Which New Jersey licensee is not required to complete continuing education to renew?N.J.S.A. 45:15-16.2a
Which of these is a core continuing education topic listed in N.J.S.A. 45:15-16.2e?N.J.S.A. 45:15-16.2e
Who appoints the members of the Volunteer Advisory Committee on continuing education?N.J.S.A. 45:15-16.2a
Who may teach a New Jersey pre-licensure course without holding a real estate instructor license?N.J.S.A. 45:15-10.5
Offices, brokers and compensation 16
A broker changes business address without notifying the Commission and without a new broker's license. What follows under N.J.S.A. 45:15-13?N.J.S.A. 45:15-13
After a broker's change of address, what is the fee for each additional new license certificate issued to those licensed through the broker?N.J.S.A. 45:15-13
An officer of a licensed corporation has his own license revoked. What keeps the Commission from revoking the corporation's license?N.J.S.A. 45:15-12.4
During a period of revocation, what work may the former licensee do for a licensed New Jersey broker?N.J.S.A. 45:15-12.3
For N.J.S.A. 45:15-12.4, a "controlling interest" in a licensed corporation means at least what share of its equity?N.J.S.A. 45:15-12.4
From whom may a New Jersey salesperson accept a commission for licensed acts?N.J.S.A. 45:15-16
How may the business affiliation between a New Jersey broker and a salesperson be set up under N.J.S.A. 45:15-3.2?N.J.S.A. 45:15-3.2
May a person whose license was revoked share office space in a licensed office location during the period of revocation?N.J.S.A. 45:15-12.3
What kind of main office must every New Jersey real estate broker maintain?N.J.S.A. 45:15-12
What may a New Jersey salesperson form in order to receive commissions, under N.J.S.A. 45:15-16?N.J.S.A. 45:15-16
What must a New Jersey broker give the Commission upon any change of business address?N.J.S.A. 45:15-13
What must be in place before a New Jersey salesperson commences business activity for a broker?N.J.S.A. 45:15-3.2
What must be prominently displayed in a New Jersey broker's main office?N.J.S.A. 45:15-12
What must the Commission create for the companies that salespersons form to receive commissions?N.J.S.A. 45:15-16
Which address is deemed the business address of every person licensed under a New Jersey broker?N.J.S.A. 45:15-12
Who must directly supervise a branch office of a New Jersey broker?N.J.S.A. 45:15-12
Escrow accounts 19
A New Jersey broker opens an interest bearing escrow account for the money from one transaction. What does the statute require of that account?N.J.S.A. 45:15-12.5
A New Jersey salesperson receives a deposit as the representative of the broker. By the terms of N.J.S.A. 45:15-12.8 itself, in what form may the money be accepted?N.J.S.A. 45:15-12.8
A salesperson takes a deposit for the broker's escrow account. When must the salesperson account for the funds and deliver them to the broker?N.J.S.A. 45:15-12.8
Before entering an order temporarily suspending a license over the handling of others' money, how much notice must the Commission give the licensee?N.J.S.A. 45:15-17.1
The Commission continues a broker's suspension for more than 30 days after freezing the accounts. Where does it then apply to have the frozen funds paid?N.J.S.A. 45:15-17.2
From which accounts must a New Jersey broker's trust or escrow account be kept separate and apart?N.J.S.A. 45:15-12.5
How may notice of an application to temporarily suspend a license be given under N.J.S.A. 45:15-17.1?N.J.S.A. 45:15-17.1
How must the special account of a New Jersey broker be designated?N.J.S.A. 45:15-12.5
In what name is the special account of a New Jersey broker maintained?N.J.S.A. 45:15-12.5
May a New Jersey broker who holds others' funds as escrow agent use the interest earned on them for the brokerage business?N.J.S.A. 45:15-12.7
Must an individual licensed as a broker-salesperson maintain the special account that N.J.S.A. 45:15-12.5 requires of brokers?N.J.S.A. 45:15-12.5
Upon temporarily suspending a broker's license, what may the Commission also order about the broker's accounts in depository institutions in the State?N.J.S.A. 45:15-17.2
What must a depository institution confirm in writing before the Commission approves it for brokers' escrow accounts?N.J.S.A. 45:15-12.6
What must the Commission find before it may temporarily suspend a license on its own motion under N.J.S.A. 45:15-17.1?N.J.S.A. 45:15-17.1
When the Commission temporarily suspends a license under N.J.S.A. 45:15-17.1, the evidentiary hearing must be held no more than how many days after the order?N.J.S.A. 45:15-17.1
Where must a New Jersey broker keep the special account for money received from others?N.J.S.A. 45:15-12.5
Which act with deposit money is a named ground for discipline under subsection o. of N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
Which failure with money belonging to others is a ground for discipline under subsection d. of N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
Within how many days must the Commission serve its order freezing a broker's accounts on the depository institution?N.J.S.A. 45:15-17.2
Promotion, names and rebates 14
A broker takes part in a promotion of free or discounted services. Above what monetary benefit to the recipient must the broker give written disclosure of the benefit?N.J.S.A. 45:15-17
A corporation holds a New Jersey broker license. Besides the name it operates under, whose name must the exterior of its place of business show?N.J.S.A. 45:15-12
How large must the tax disclosure and notice be in an advertisement for a purchaser's rebate?N.J.S.A. 45:15-16b
In what form is a purchaser's rebate paid under subsection k. of N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
To whom may a New Jersey broker pay a rebate of part of the commission under subsection k. of N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
To whom must a purchaser's rebate be disclosed under N.J.S.A. 45:15-16a?N.J.S.A. 45:15-16a
What must a broker recommend to a purchaser who is to receive a rebate under subsection k. of N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
What must any advertisement for a purchaser's rebate include under N.J.S.A. 45:15-16b?N.J.S.A. 45:15-16b
When is a purchaser's rebate calculated under N.J.S.A. 45:15-16a?N.J.S.A. 45:15-16a
When must the document or buyer agency agreement that sets out a purchaser's rebate be provided by the broker?N.J.S.A. 45:15-16a
Which condition may a New Jersey broker not attach to a purchaser's rebate?N.J.S.A. 45:15-16a
Which sales method is a ground for discipline under subsection g. of N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
Which use of a trade name or insignia is a ground for discipline under N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
Which words must be conspicuously displayed on the exterior of every place of business a New Jersey broker maintains?N.J.S.A. 45:15-12
Discipline and hearings 29
A broker collects a commission on a sale while also being paid to represent one of the parties in a different capacity. How does N.J.S.A. 45:15-17 treat this?N.J.S.A. 45:15-17
A licensee brokers the sale of a manufactured home without meeting the motor vehicle title law that applies to it. What does N.J.S.A. 45:15-17.3 call that conduct?N.J.S.A. 45:15-17.3
A licensee takes a fee for a list of purportedly available rental housing before a lease is executed, without following the Commission's rules on the practice. What is this under N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
A licensee voluntarily surrenders the license while under investigation. May the Commission still take regulatory action?N.J.S.A. 45:15-17
A New Jersey broker buys a property for himself. What must he first disclose to the seller in the contract of sale?N.J.S.A. 45:15-17
A New Jersey licensee is indicted for a theft offense and the Commission obtains a certified copy of the indictment. What may the Commission do before trial?N.J.S.A. 45:15-19.2
A New Jersey licensee represents both the buyer and the seller in one sale. What turns that dual role into a ground for discipline under N.J.S.A. 45:15-17(b)?N.J.S.A. 45:15-17
A New Jersey salesperson sells a house in which she owns an interest. Where must she disclose that interest and her license status to the purchaser?N.J.S.A. 45:15-17
A person disobeys a Commission subpoena. Besides starting an administrative action, where may the Commission turn?N.J.S.A. 45:15-17
After which violation of N.J.S.A. 45:15-17 may the Commission deem a licensee a repeat offender and direct that no license be issued to that person again?N.J.S.A. 45:15-17
Besides suspension, revocation and a money penalty, which sanction does N.J.S.A. 45:15-17 let the Commission place on a licensee?N.J.S.A. 45:15-17
During a license term a broker is convicted of forgery, and the Commission obtains a certified copy of the judgment of conviction. What must the Commission do?N.J.S.A. 45:15-19.1
How does N.J.S.A. 45:15-17 count offenses when a licensee's misconduct runs across several transactions?N.J.S.A. 45:15-17
How does N.J.S.A. 45:15-17 treat a licensee who procures a real estate license for someone else by fraud or deceit?N.J.S.A. 45:15-17
How may a licensee be heard on charges before the Commission suspends or revokes the license?N.J.S.A. 45:15-18
How may the Commission treat a licensee's failure to give a statement about a matter under investigation?N.J.S.A. 45:15-17
How may the Commission's written notice of charges be served on a licensee?N.J.S.A. 45:15-18
Other than for a temporary suspension, how long before the hearing date must the Commission notify a licensee in writing of the charges?N.J.S.A. 45:15-18
The purchaser's rebate aside, to whom may a New Jersey broker not pay a commission under subsection k. of N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
What is the largest penalty the Commission may impose for a first violation under N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
What is the largest penalty the Commission may impose for a subsequent violation under N.J.S.A. 45:15-17?N.J.S.A. 45:15-17
What must a New Jersey exclusive sales or rental listing contract specify, free of any qualifying terms or conditions?N.J.S.A. 45:15-17
When charges are made against a salesperson, whom else must the Commission notify?N.J.S.A. 45:15-18
When is a salesperson's violation of the license law cause to revoke the license of the employing broker?N.J.S.A. 45:15-19
When must a New Jersey licensee give the client a fully executed copy of a sale or exclusive listing contract?N.J.S.A. 45:15-17
When must the New Jersey Real Estate Commission investigate the actions of a licensee?N.J.S.A. 45:15-17
Which court reviews a final decision of the New Jersey Real Estate Commission?N.J.S.A. 45:15-18
Which event in another state must a New Jersey licensee report to the Commission within 30 days?N.J.S.A. 45:15-17
Within how many days must a New Jersey licensee notify the Commission of having been convicted of a crime or indicted?N.J.S.A. 45:15-17
Guaranty fund 20
A license was revoked after the guaranty fund paid a claim. When does the person become eligible for reinstatement?N.J.S.A. 45:15-41
Besides a licensee, whose wrongful taking in a brokerage transaction can support a claim on the guaranty fund?N.J.S.A. 45:15-34
By securing a license, whom does a New Jersey licensee make agent for the acceptance of process in a civil proceeding under the guaranty fund act?N.J.S.A. 45:15-39
For a cause of action accruing after P.L.1993, c.51 took effect, what must a guaranty fund claimant certify has been filed?N.J.S.A. 45:15-37
For causes of action that accrue after the effective date of P.L.1993, c.51, what is the most the guaranty fund pays in connection with any one transaction?N.J.S.A. 45:15-34
For what may the Commission, with the approval of the Commissioner of Banking and Insurance, draw on guaranty fund money in excess of expected claims?N.J.S.A. 45:15-40
The guaranty fund cannot satisfy every court order in full. In what order are the orders paid?N.J.S.A. 45:15-40
Three buyers are cheated in one brokerage transaction. How does the guaranty fund's limit apply?N.J.S.A. 45:15-34
To whom may a court order never authorize a payment from the guaranty fund?N.J.S.A. 45:15-37
What additional amount does a New Jersey broker pay toward the guaranty fund upon the initial issuance of a biennial license?N.J.S.A. 45:15-35
What additional amount does a New Jersey salesperson pay toward the guaranty fund upon the initial issuance of a biennial license?N.J.S.A. 45:15-35
What does the judgment creditor assign to the Commission when the guaranty fund pays?N.J.S.A. 45:15-37
What happens to the license of the salesperson whose acts gave rise to a court order for payment from the guaranty fund?N.J.S.A. 45:15-41
What must a claimant obtain before the guaranty fund pays a claim?N.J.S.A. 45:15-37
What must the judgment creditor have been unable to do before a court orders payment from the guaranty fund?N.J.S.A. 45:15-37
Which loss can the New Jersey real estate guaranty fund cover?N.J.S.A. 45:15-34
Who invests and reinvests the money of the real estate guaranty fund?N.J.S.A. 45:15-36
Who maintains the New Jersey real estate guaranty fund as a special trust fund?N.J.S.A. 45:15-34
Who must be joined as a necessary party to a civil action that may result in a court order for payment from the guaranty fund?N.J.S.A. 45:15-38
Within how many years of the accrual of the cause of action must a civil action that may lead to payment from the guaranty fund be instituted?N.J.S.A. 45:15-38
How this list was compiled: Written from the New Jersey Statutes, Title 45, chapter 15: the real estate brokers and salespersons article, sections 45:15-1 to 45:15-29, and the real estate guaranty fund sections 45:15-34 to 45:15-41. The text was read on 2026-10-04 from the New Jersey Legislature's own statutes download, https://pub.njleg.gov/statutes/STATUTES-TEXT.zip (file dated 2026-10-03). The Legislature's site has no address for a single section, so each question names its section and links to the Legislature's statutes database, where the section can be opened by its number. Licence: Own work. Questions, answer choices and explanations were written for this site from the statute text; nothing is copied from another practice test, a prep book or the state exam. Short quotations from the statutes are marked.
How it works
These 204 unofficial New Jersey real estate test questions cover Title 45, chapter 15 of the statutes: licensing, courses, escrow accounts, discipline and the guaranty fund, with no math. Section numbers come with every answer; checked October 4, 2026.
Read the full guide
Real estate test questions NJ law can answer
A section of Title 45, chapter 15 settles every question here. The Getting and keeping a license filter is the largest: who needs a license, the 75-hour salesperson course, the two-year license term and renewal. The other filters follow the Commission, courses and continuing education, offices and compensation, escrow accounts, promotion and business names, discipline, and the guaranty fund.
Take it to paper, or redo your misses
Print puts the next set of questions on paper; the answer key adds their explained answers. What you miss goes to the missed pile, which hands those questions back one at a time.
A salesperson applicant shows 75 hours of courses at a school the Commission licenses (N.J.S.A. 45:15-10.1).
Escrow money is kept in a depository institution physically located in New Jersey (N.J.S.A. 45:15-12.5).
Penalty: not more than $5,000 for a first violation, $10,000 for a later one (N.J.S.A. 45:15-17).
Questions and answers
Is there an NJ real estate exam questions pdf?
No file is offered here. Print lays out the next set of questions, the answer key adds explained answers and section numbers, and a browser can save either as a PDF.
Are these the NJ real estate license exam questions?
No. They are practice questions written here from the statutes, not NJ state real estate exam questions. This site has never seen that exam and is not affiliated with the New Jersey Real Estate Commission. A licensed New Jersey broker has yet to review them.
How much can the New Jersey real estate guaranty fund pay?
N.J.S.A. 45:15-34 sets the maximum amount recoverable per transaction at $20,000, for claims on causes of action that accrued after the 1993 amendment took effect.
What does this New Jersey real estate test leave out?
Math, national real estate principles and the Commission's rules in N.J.A.C. 11:5, which were not read for this bank. Only statute law is here. For the exam's own content outline, look to the Commission's website.