10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
These 10 free NJREB questions are organized by exam domain, so you can see how each part of the New Jersey Real Estate Broker Exam blueprint is tested. Reveal the answer and explanation under each question.
A restaurant tenant bolts a commercial pizza oven to the floor and connects it to the building's gas line. The lease is silent about the oven. Two weeks before the lease ends, the tenant wants to remove it and repair the resulting damage. What is the best conclusion?
Correct answer: C - The tenant may remove it before surrender and repair the damage
Municipal zoning permits a duplex on a parcel, but a valid recorded deed restriction limits the parcel to one single-family residence. How should a broker explain the owner's development rights?
Correct answer: A - Both controls apply; the valid deed restriction limits use
In a sales comparison analysis, the subject has a two-car garage and an otherwise similar comparable has a three-car garage. Market evidence shows that buyers pay more for the third bay. Which adjustment is appropriate?
Correct answer: D - Subtract its contribution from the comparable's sale price
An adjustable-rate mortgage is currently at 4.50%. At the next adjustment, the index is 3.10% and the fixed margin is 2.75%. The loan has a 1.00-percentage-point periodic cap, and its lifetime cap is not a constraint. What rate can take effect at this adjustment?
Correct answer: B - 5.50%
A buyer offers $600,000. The seller signs a counteroffer at $615,000, which the buyer rejects. Before the original offer's stated expiration, the buyer announces acceptance of the original $600,000 terms. What is the legal effect?
Correct answer: B - No contract forms unless the seller renews the original offer
After signing a purchase contract, a buyer discovers that the seller deliberately concealed an engineering report describing major foundation movement. Assuming the concealment induced the purchase, how is the contract most accurately classified?
Correct answer: D - Voidable by the buyer, who may pursue an appropriate remedy
A seller tells the listing broker, 'I would accept $25,000 less, but do not tell buyers.' The broker also knows that the basement floods during heavy rain, a fact not apparent on inspection. When a buyer asks about price flexibility and prior water intrusion, what should the broker do?
Correct answer: A - Keep price flexibility confidential and disclose the known flooding
A buyer is preparing to sign a contract for a house built in 1966. The seller has no reports and no knowledge of lead-based paint. Which step still belongs in the federal pre-contract disclosure process?
Correct answer: C - Give the buyer the EPA pamphlet and warning statement and offer a 10-day inspection period
At 2:00 a.m., a supply line bursts in an occupied apartment building. The superintendent can safely shut the main before water reaches an electrical panel. The owner cannot be reached, and the management agreement authorizes emergency work. What should the property manager do first?
Correct answer: B - Shut the main, restrict access, call an emergency plumber, and document the response
A grantor signs and notarizes a deed naming her nephew as grantee, then locks it in her desk and says, 'I may give this to him someday.' She dies without delivering it or authorizing anyone to deliver it. What result follows from these facts?
Correct answer: D - No conveyance occurred because delivery was absent
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