NJ state portion study guide: all 30 questions mapped to the rules
The 30 NJ state questions on the PSI exam, mapped: every bulletin sub-item with its key rule, its N.J.S.A. or N.J.A.C. cite and a study plan.
Rules covered through . Sources and corrections.
The short version
- 1The New Jersey part of the PSI salesperson exam is 30 of the 110 scored questions, split across four areas: Duties and Powers of the Real Estate Commission (2), Licensing Requirements (3), Statutes and Rules Governing Licensee Activities (22) and Additional Requirements (3).
- 2The 22-question area is the heart of it: 12 conduct topics from advertising and trust funds to buyer rebates, plus nine other state laws the bulletin names, from the "Farmland Reassessment Act" (the statute is actually the Farmland Assessment Act of 1964) to the Freshwater Wetlands Protection Act.
- 3PSI publishes counts only for the four areas, not single topics, so study every sub-item; this guide maps each one to its key rule and its source in N.J.S.A. 45:15, N.J.A.C. 11:5 or another statute.
How the 30 New Jersey questions are split
PSI's New Jersey candidate bulletin, updated February 1, 2026, describes one salesperson exam: 110 scored questions, 4 hours, and a passing score of 70 percent (77 correct). The four New Jersey areas carry salesperson item counts of 2, 3, 22 and 3, which add up to 30. The bulletin never states a national number in words, but 110 minus 30 leaves 80 for the national areas, which it lists as percentages.
| Bulletin area | Salesperson items | Sub-items the bulletin lists | Share of the 30 |
|---|---|---|---|
| Duties and Powers of the Real Estate Commission | 2 | Maintenance of records; sanctions (fines, license suspension and revocation) | About 7% |
| Licensing Requirements | 3 | Activities requiring a license; types of licenses | 10% |
| Statutes and Rules Governing Licensee Activities | 22 | 13 topics, the last of which names 9 other state laws | About 73% |
| Additional Requirements | 3 | Real Estate Sales Full Disclosure Act; Law Against Discrimination; Real Estate Guaranty Fund; Time Share Act | 10% |
Two things the outline does not tell you. First, it gives counts only for the four areas, never for a single sub-item, so treat any per-topic number you see online ("trust accounts are worth four questions") as a guess. Second, Additional Requirements lists four topics for three items, so at least one of the four will not get its own question on your form. You cannot know which, so study all four.
In every table below, the first column uses the bulletin's own wording, the second is our one-line summary, and the third is where the rule actually lives. When a single word matters, such as "business days," trust the cite over our summary.
Duties and Powers of the Real Estate Commission (2 questions)
The Commission administers and enforces the license law, writes the rules that set brokerage standards, holds hearings on contested applications and discipline, and can revoke licenses. The bulletin narrows this area to two sub-items: the records the Commission can demand, and the sanctions it can impose.
| Bulletin sub-item | Key rule in one line | Primary cite | Study next |
|---|---|---|---|
| 1. Maintenance of Records | Brokers keep trust records and copies of offers, contracts, listings and leases for at least six years at the main New Jersey office, open to Commission inspection and copying. Unaccepted offers, and expired listings that never produced a contract or lease, are kept six months. | N.J.A.C. 11:5-5.4 | Six-year rule in Commingling vs conversion |
| 2a. Sanctions: Fines | Up to $5,000 for a first violation and up to $10,000 for each later violation, either on top of or instead of probation, suspension or revocation. | N.J.S.A. 45:15-17 | Licensing and the Commission |
| 2b. Sanctions: License Suspension and Revocation | The Commission can investigate on its own motion and must on a verified written complaint, then place a licensee on probation, suspend or revoke. After a third violation it may bar the person from any future license. A court-ordered Guaranty Fund payment automatically revokes the responsible licensee's license, and it cannot be reinstated until the judgment is satisfied in full and the Fund is repaid with interest. | N.J.S.A. 45:15-17; 45:15-41 | Guaranty Fund guide |
Sanction questions usually hinge on which conduct is a ground for discipline. N.J.S.A. 45:15-17 lists them by letter; these are the ones that connect to other parts of the outline:
- (a) False promises or substantial misrepresentation, and (c) a flagrant and continued course of misrepresentation, including through advertisements.
- (b) Acting for more than one party in a transaction without the knowledge of all parties.
- (d) Failing to account for or pay over money belonging to others, and (o) commingling it with your own.
- (f) Failing to give the client a fully signed copy of a listing when it is signed, or leaving out a definite terminal date.
- (g) Promotions that involve a lottery, contest, game, prize or drawing.
- (k) Paying a rebate or commission to an unlicensed person, apart from the residential buyer rebate exception.
- (m) Accepting compensation from anyone other than your employing or contracting broker.
- (p) and (q) Selling property you have an interest in, or buying property, without first disclosing your interest or license status in the contract.
- (s) Failing to tell the Commission within 30 days about a conviction, an indictment, formal criminal charges or out-of-state discipline.
Quick check
Saves to your topic scoreA salesperson is found to have violated the Real Estate License Act for the first time. Under N.J.S.A. 45:15-17, what is the MOST the Real Estate Commission may fine the salesperson?
Reveal answer (review only)
Answer: The answer is B, $5,000.
N.J.S.A. 45:15-17 allows a penalty of up to $5,000 for a first violation and up to $10,000 for each later violation, either with or instead of probation, suspension or revocation.
Why the other answers do not fit
- A. $1,000
- $1,000 is the retail value above which a promotional benefit needs a written disclosure, not a fine limit.
- C. $10,000
- $10,000 is the cap for a second or later violation, not the first.
- D. $20,000
- $20,000 is the Guaranty Fund's limit per transaction, not a Commission fine.
Remember: Commission fines: up to $5,000 first, $10,000 after.
Question ID: bq-43-1
Revealing the answer makes this attempt review only.
Licensing Requirements (3 questions)
Three questions on two sub-items: what needs a license, and which kinds exist. Exemptions belong to the first sub-item, because a question about who needs a license is often really about who does not.
| Bulletin sub-item | Key rule in one line | Primary cite | Study next |
|---|---|---|---|
| 1. Activities Requiring a License | No one may engage, directly or indirectly, in the business of a broker, broker-salesperson or salesperson, or advertise as one, without a license. Broker activity includes listing, selling, buying, exchanging, renting or negotiating real estate, or collecting rent, for a fee or other valuable consideration. An unlicensed person cannot sue for a commission. | N.J.S.A. 45:15-1; 45:15-3 | Licensing and the Commission |
| 1. Who is exempt | Bona fide owners and lessors acting on their own property; attorneys at law; receivers, trustees in bankruptcy, executors and administrators; people selling under a court order or the terms of a deed of trust; banks, savings banks and trust companies located in New Jersey; and New Jersey insurance companies. | N.J.S.A. 45:15-4 | Licensing and the Commission |
| 2. Types of Licenses | Broker; broker-salesperson (qualified as a broker but working under one); salesperson (works under a broker's supervision); and a salesperson licensed with a referral company, who may only refer prospects to the broker who supervises that company and be paid only by that broker. | N.J.S.A. 45:15-3 | Choosing a sponsoring broker |
Watch the words "directly or indirectly." Someone who finds tenants for a landlord friend and takes a fee is renting real estate for compensation. The owner selling their own home is exempt; the owner's cousin who negotiates for a cut is not.
Statutes and Rules Governing Licensee Activities (22 questions)
This one area is almost three quarters of the state portion. The bulletin lists 13 sub-items. Here are the first 12; the 13th, Other Laws and Regulations, gets its own section because it names nine separate laws.
| Bulletin sub-item | Key rule in one line | Primary cite | Study next |
|---|---|---|---|
| 1. Advertising | Every ad shows the broker's regular business name, more prominently than any salesperson's name. An ad that mentions a commission rate or compensation amount must say: "In New Jersey, broker compensation is fully negotiable and not set by law." | N.J.A.C. 11:5-6.1 (as amended January 20, 2026) | NJ advertising rules |
| 2. Broker/Salesperson Relationships | Before any brokerage activity, broker and salesperson sign a written agreement that sets compensation. The sole proprietor or broker of record must supervise, track and oversee every licensee's brokerage activity wherever it happens. | N.J.A.C. 11:5-4.1(a); 11:5-4.4(d) | Choosing a sponsoring broker |
| 3. Commissions and Required Accounting | A salesperson takes compensation only from the employing or contracting broker. Since August 19, 2024, the broker may pay it to the salesperson's registered business entity, such as an LLC (N.J.S.A. 45:15-16(b); N.J.A.C. 11:5-3.16), but the money still comes from the broker; see NJ commission rules. The broker pays the salesperson's share within 10 business days of receiving it (or once the funds clear, or on the schedule the agreement sets) and gives a written accounting within 30 days after the affiliation ends. | N.J.S.A. 45:15-16(b), 45:15-17(m); N.J.A.C. 11:5-3.16, 11:5-4.1(a), (e) | Licensing and the Commission |
| 4. Agency/Conflicts of Interest/Disclosure Requirements | Disclose which role your firm plays: seller's agent, buyer's agent, disclosed dual agent, designated agent or transaction broker. Residential deals also need a written brokerage services agreement. Disclose actual or potential conflicts of interest, your interest in a property you sell, and your license status when you buy. | N.J.S.A. 45:15-16.86 to 16.101 (P.L. 2024, c.32); N.J.A.C. 11:5-6.4(c); N.J.S.A. 45:15-17(p), (q) | Designated vs dual agency |
| 5. Contracts and Other Documents | Licensee-prepared contracts for one to four family homes and vacant one-family lots (and residential leases of one year or more) carry the attorney review clause: three days from delivery of the signed contract, not counting Saturdays, Sundays or legal holidays. Give each signer a clear copy immediately. | N.J.A.C. 11:5-6.2(a), (g) | Attorney review |
| 6. Trust Fund Requirements | Deposit money belonging to others promptly, meaning within five business days of receipt, into a separate trust or escrow account at an authorized New Jersey financial institution. Attorney review does not pause that clock. Mixing the money with your own is commingling. | N.J.A.C. 11:5-5.1(a), (c), (e); N.J.S.A. 45:15-17(o) | Commingling vs conversion |
| 7. Listings and Content of Listing Agreements | Every listing needs a definite terminal date and a fully signed copy to the client at signing. No preset fee or rate, and no net listings. Listings and sale contracts for one to four family homes carry the larger-print notice that the fee is negotiable. | N.J.S.A. 45:15-17(f); N.J.A.C. 11:5-6.2(a), (b), (c), (f) | Types of listing agreements |
| 8. Place of Business | Each resident broker keeps a main office in New Jersey, open to the public during usual business hours and supervised full time. An office in a residence needs a separate exterior entrance plainly visible from the street, and it cannot be in the home of a salesperson the broker employs. | N.J.A.C. 11:5-4.4(a) to (c) | Choosing a sponsoring broker |
| 9. Records, including Escrow Account Bookkeeping Requirements | A ledger with an entry for each trust transaction, a reconciliation of checkbook, bank statement and client ledgers at least quarterly, and trust withdrawals only by bank transfer or by check to a named payee, never to cash. Keep it all six years. | N.J.A.C. 11:5-5.4(a), (b) | Commingling vs conversion |
| 10. Inducements | You may offer free or discounted services or products, but never through a lottery, contest, game or drawing. A benefit worth more than $1,000 retail requires a written disclosure to the recipient. | N.J.A.C. 11:5-6.1(m); N.J.S.A. 45:15-17(g) | Advertising and rebates |
| 11. Offering Buyer Rebates | A broker may rebate part of the commission to a purchaser of residential property, and no other third party, if they agree in writing at the start of the relationship, the broker recommends a tax professional, and it is paid at closing as a commission credit or a check from the closing agent. | N.J.S.A. 45:15-17(k) | Advertising and rebates |
| 12. Responsibility to Public and Other Licensees | Ask the seller about the property's condition and visually inspect it; disclose material physical conditions you know or should have found; cooperate with other licensees; transmit written offers within 24 hours; recommend a lawyer when a party's interests require it; never deny services on a protected basis. | N.J.A.C. 11:5-6.4(b), (c), (f), (g), (i), (k) | Presenting offers in NJ |
Most of this area lives in four places: N.J.A.C. 11:5-4 (brokers and offices), 11:5-5 (trust money and records), 11:5-6 (conduct of business) and the grounds for discipline in N.J.S.A. 45:15-17. Read those once, carefully, and add P.L. 2024, c.32 for agency and brokerage services agreements.
Quick check
Saves to your topic scoreOn Monday a salesperson receives a buyer's $10,000 earnest money check with a written offer. The seller accepts on Tuesday, and the contract goes into attorney review. Under Commission rules, the broker must deposit the check into the trust account
Reveal answer (review only)
Answer: The answer is C, within five business days of receiving it.
N.J.A.C. 11:5-5.1(e) defines promptly as not more than five business days after receipt, and says a contract under attorney review still requires deposit within that time.
Why the other answers do not fit
- A. within 24 hours of receiving it
- The 24-hour deadline is for transmitting written offers to the owner, not for depositing funds.
- B. as soon as attorney review ends
- Attorney review does not pause the deposit deadline; the five business days run from receipt.
- D. at or before closing
- Holding a deposit until closing would be a failure to deposit promptly, which is commingling.
Remember: Promptly in New Jersey means five business days from receipt.
Question ID: bq-43-2
Revealing the answer makes this attempt review only.
Other laws and regulations: the nine the bulletin names
Sub-item 13 names nine more laws. Learn the one fact that identifies each, because questions tend to ask which law fits a situation.
| Bulletin sub-item | Key rule in one line | Primary cite | Study next |
|---|---|---|---|
| 13a. Farmland Reassessment Act (bulletin wording; the statute is the Farmland Assessment Act of 1964) | On the owner's application, land of at least 5 acres, actively devoted to agricultural or horticultural use for the 2 successive years before the tax year, is assessed at its farm use value. Switching to another use brings roll-back taxes for the year of change plus up to 2 earlier years. | N.J.S.A. 54:4-23.1, 23.2, 23.8 | NJ land use |
| 13b. Pinelands Protection Act of 1979 | The Pinelands Commission's Comprehensive Management Plan sets land use rules for the state Pinelands Area (about 938,000 acres, inside the 1.1 million acre Pinelands National Reserve), and county and municipal plans and ordinances must conform. Pinelands Development Credits let developers in Regional Growth Areas buy extra density from preserved and farm areas. | N.J.S.A. 13:18A-1 and following; Pinelands CMP summary | NJ land use |
| 13c. Realty Transfer Fee | The seller (grantor) pays it when the deed is offered for recording. The seller is also responsible for the Graduated Percent Fee on certain transfers over $1,000,000. | N.J.S.A. 46:15-7; 46:15-7.2 as amended by P.L. 2025, c.69 | Realty Transfer Fee guide |
| 13d. Mount Laurel Requirements | Municipalities have a constitutional obligation to provide, through their land use rules, a realistic opportunity for a fair share of their region's need for low and moderate income housing. The Fair Housing Act of 1985 implements the doctrine; P.L. 2024, c.2 abolished COAH and created a dispute resolution program. | N.J.S.A. 52:27D-301 and following; P.L. 2024, c.2 | NJ land use |
| 13e. Zoning and building codes | Zoning is local: the ordinance must be substantially consistent with the land use and housing elements of the master plan. Construction follows the State Uniform Construction Code, adopted by the Commissioner of Community Affairs under the State Uniform Construction Code Act. | N.J.S.A. 40:55D-62; 52:27D-119, -121, -123 | NJ land use |
| 13f. Municipal Land Use Law | The framework for planning boards, master plans and zoning. The zoning board of adjustment hears appeals and interpretations and grants hardship or bulk (c) variances and use (d) variances; a (d) variance needs at least five affirmative votes. | N.J.S.A. 40:55D-1 and following; 40:55D-70 | NJ land use |
| 13g. Real estate transfer tax | Same charge as 13c: New Jersey taxes deed transfers through the Realty Transfer Fee and Graduated Percent Fee. | N.J.S.A. 46:15-7 | Realty Transfer Fee guide |
| 13h. Truth in Renting Act | The Department of Community Affairs publishes a yearly statement of tenant and landlord rights in English and Spanish. Landlords give it to each new tenant at or before move-in and post it where tenants can see it. Exempt: buildings of two units or fewer, owner-occupied buildings of three units or fewer, and hotels, motels and guest houses for transient or seasonal guests. | N.J.S.A. 46:8-44 to 46:8-46 | NJ-only rules sheet |
| 13i. Freshwater Wetlands Protection Act of 1987 | Anyone proposing a regulated activity in a freshwater wetland needs a permit from the Department of Environmental Protection. Among other findings, the activity must cause the minimum feasible alteration of the aquatic ecosystem, and the applicant must show there is no practicable alternative. | N.J.S.A. 13:9B-1, -3, -9, -10 | NJ land use |
The bulletin lists the Realty Transfer Fee (13c) and the real estate transfer tax (13g) separately, but in statute they are one charge on recording a deed. Our Realty Transfer Fee guide has the schedule and worked math.
Additional Requirements (3 questions, four topics)
Three items, four topics. The Full Disclosure Act and the Timeshare Act are both run by the Commission's Bureau of Subdivided Land Sales Control and share the same buyer protections, so learn them as a pair.
| Bulletin sub-item | Key rule in one line | Primary cite | Study next |
|---|---|---|---|
| 1. New Jersey Real Estate Sales Full Disclosure Act | Developers must register certain out-of-state offerings, such as subdivided land, condominiums and other common interest properties, with the Commission's bureau before offering them in New Jersey, and give buyers a Public Offering Statement. Buyers get at least seven days to cancel without penalty. | N.J.S.A. 45:15-16.27 and following | NJ-only rules sheet |
| 2. New Jersey Law Against Discrimination | Brokers and salespersons may not discriminate on any LAD class, which adds to the federal list: marital, civil union and domestic partnership status, pregnancy or breastfeeding, gender identity or expression, affectional or sexual orientation, liability for service in the Armed Forces, nationality, and source of lawful income used for rent or mortgage payments. Age is not on the housing list. | N.J.S.A. 10:5-12(g), (h); 10:5-5(n) | LAD vs Fair Housing Act |
| 3. Real Estate Guaranty Fund | Pays a person who wins a judgment for embezzlement, conversion or unlawful obtaining of money or property in a brokerage transaction by a licensee or a broker's unlicensed employee. Cap: $20,000 per transaction. A payment revokes the responsible licensee's license. | N.J.S.A. 45:15-34; 45:15-41 | Guaranty Fund guide |
| 4. New Jersey Real Estate Time Share Act | The statute is titled the New Jersey Real Estate Timeshare Act. It covers timeshare plans with an accommodation in New Jersey and plans offered for sale here, wherever located. Developers register with the bureau, and buyers get a Public Offering Statement, escrow protection and a seven-day right to cancel. | N.J.S.A. 45:15-16.50 and following; 45:15-16.52 | NJ-only rules sheet |
The LAD's owner exemptions are narrow: renting one unit of a two-family house when the owner lives in the other, or renting rooms in a one-family home to others by the owner or occupant who lives there. Neither applies to publicly assisted housing (N.J.S.A. 10:5-5(n)).
Quick check
Saves to your topic scoreWhich of the following is a protected characteristic under the New Jersey Law Against Discrimination's provisions for real estate brokers and salespersons?
Reveal answer (review only)
Answer: The answer is D, Liability for service in the Armed Forces of the United States.
N.J.S.A. 10:5-12(h) lists liability for service in the Armed Forces of the United States among the classes brokers and salespersons may not discriminate against, along with others not in the federal act, such as source of lawful income.
Why the other answers do not fit
- A. Age
- Age is protected under the LAD in employment, but it is not on the housing lists in 10:5-12(g) and (h).
- B. Political affiliation
- Political affiliation is not on the LAD's housing list.
- C. Student status
- Student status is not on the LAD's housing list.
Remember: LAD housing: Armed Forces service liability yes, age no.
Question ID: bq-43-3
Revealing the answer makes this attempt review only.
Where the New Jersey answer differs from the national one
When a question names New Jersey, a New Jersey licensee or the Commission, answer with the New Jersey rule. The differences that come up most:
- Attorney review. National books skip it. In New Jersey, a licensee-prepared residential contract gives three days from delivery, not counting weekends or legal holidays.
- Fair housing. The LAD drops the federal owner exemptions except two-family and rooms-in-a-home rentals, and adds classes such as source of lawful income.
- Agency. New Jersey's statute names five roles, including designated agent and transaction broker, and requires a written brokerage services agreement in residential deals.
- Written agreements. A commission claim generally needs a writing signed by the principal stating the amount or rate (N.J.S.A. 25:1-16). For the sale contract, N.J.S.A. 25:1-13 also allows proof by clear and convincing evidence, so the statute of frauds is not absolute.
- Deposits and rebates. "Promptly" means five business days. Buyer rebates are legal only to residential purchasers on the 45:15-17(k) conditions.
A study plan for the 30 state questions
This plan is our suggestion, not anything PSI or the Commission publishes. It puts the 22-item area first, groups sub-items that share a source, and ends with mixed state-only review. Eight sessions of 60 to 90 minutes fit into two weeks alongside national study.
| Session | Bulletin sub-items | Read first | Finish with |
|---|---|---|---|
| 1 | Area 3: trust funds (6), records and escrow bookkeeping (9); Area 1: maintenance of records | N.J.A.C. 11:5-5.1 and 11:5-5.4 | Write the five-business-day and six-year rules from memory |
| 2 | Area 3: agency, conflicts and disclosure (4) | P.L. 2024, c.32 (N.J.S.A. 45:15-16.86 and following) and the current CIS | Name all five relationships and who each one represents |
| 3 | Area 3: contracts (5) and listings (7) | N.J.A.C. 11:5-6.2 | Count an attorney review period across a holiday weekend |
| 4 | Area 3: advertising (1), inducements (10), buyer rebates (11) | N.J.A.C. 11:5-6.1 and N.J.S.A. 45:15-17(g), (k) | Spot the missing compensation line in a sample ad |
| 5 | Area 3: broker/salesperson relationships (2), commissions (3), place of business (8); Area 2: both sub-items | N.J.S.A. 45:15-1, -3, -4 and N.J.A.C. 11:5-4 | Sort a list of people into licensed, exempt and violating |
| 6 | Area 3: responsibility to the public (12); Area 1: sanctions | N.J.A.C. 11:5-6.4 and N.J.S.A. 45:15-17 | Match ten conduct examples to their 45:15-17 letter |
| 7 | Area 3: other laws (13a to 13i) | Our table above, then the statutes for any you miss | One identifying fact per law, plus two transfer fee problems |
| 8 | Area 4: all four topics, then mixed review | N.J.S.A. 10:5-12, 45:15-34 and the Bureau's page | A timed set of New Jersey questions only |
If you have less time, keep sessions 1 to 4 and 8, and fold the rest into your daily review. Our NJ-only rules sheet condenses the state rules for that last pass.
How to know you are ready for the state portion
You are ready when you can cover the "Key rule" column in the tables above and say each rule from the sub-item name alone. Then test it under time pressure with a full practice exam. If you already took the exam and failed, PSI's failing score report includes a diagnostic of strengths and weaknesses by examination type, so start with the areas it flags.
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FAQ
How many state questions are on the NJ real estate salesperson exam?
Thirty of the 110 scored questions. PSI's bulletin gives the four New Jersey areas 2, 3, 22 and 3 items for salespersons, and the remaining 80 come from the national outline.
What is the biggest part of the NJ state portion?
Statutes and Rules Governing Licensee Activities, with 22 of the 30 items. It covers 13 sub-items, from advertising and trust funds to nine other state laws such as the Realty Transfer Fee and the Municipal Land Use Law.
Is there a separate passing score for the NJ state portion?
PSI's bulletin lists one passing score for the salesperson exam: 70 percent, or 77 correct out of 110. It does not describe a separate cutoff for the state questions.
How many questions does each state topic get?
PSI does not publish that. It gives counts only for the four areas, so any per-topic number you see is a guess, and the safe plan is to study every sub-item.
Which other New Jersey laws are on the state portion?
The bulletin names nine: the "Farmland Reassessment Act" (the statute is the Farmland Assessment Act of 1964), the Pinelands Protection Act of 1979, the Realty Transfer Fee, Mount Laurel requirements, zoning and building codes, the Municipal Land Use Law, the real estate transfer tax, the Truth in Renting Act and the Freshwater Wetlands Protection Act of 1987.
What is the Farmland Reassessment Act on the NJ real estate exam?
It is the bulletin's name for the Farmland Assessment Act of 1964 (N.J.S.A. 54:4-23.1). Land of at least 5 acres actively farmed for the 2 years before the tax year can be assessed at farm value, and changing the use triggers roll-back taxes for the year of change plus up to 2 prior years.
Is age a protected class in housing under the NJ Law Against Discrimination?
No. Age is protected under the LAD in employment, but it is not on the housing lists in N.J.S.A. 10:5-12(g) and (h). Familial status, source of lawful income and many other classes are.
Is the Real Estate Guaranty Fund on the NJ exam?
Yes. It is one of four topics in the Additional Requirements area, which has 3 items, so it may get one question or none. Know that it covers theft-type losses by licensees, caps recovery at $20,000 per transaction and triggers license revocation.
Does the state portion test the January 2026 rule changes?
PSI does not publish its question bank, but its bulletin was updated February 1, 2026, after the Commission's rule changes took effect on January 20, 2026. Study the current rules, such as the new advertising compensation line, rather than older course materials.
Sources
- PSI, New Jersey Real Estate Candidate Information Bulletin (updated February 1, 2026), content outline
- N.J.S.A. 45:15-17, grounds for discipline, fines and the buyer rebate exception (2025 code via Justia)
- N.J. Real Estate Commission rule adoption, N.J.A.C. 11:5, R.2026 d.020 (adopted December 16, 2025, effective January 20, 2026)
- N.J.S.A. 54:4-23.1, short title: Farmland Assessment Act of 1964 (2025 code via Justia)
- NJ Real Estate Commission, Bureau of Subdivided Land Sales Control (Full Disclosure Act and Timeshare Act)
- N.J.S.A. 10:5-12, Law Against Discrimination unlawful practices, housing subsections (g) and (h) (2025 code via Justia)