The NJ real estate exam, one topic at a time
20 short guides, one for each area of the PSI New Jersey outline. Each has the rules to memorize, a plain-English explanation, a quiz and flashcards. Take the quiz and the topic is marked so you know where to go next.
Biggest single areas
- Statutes and rules for licensees22
- Contracts~15
- Agency~10
- Practice of real estate~10
- Property ownership~8
National counts are estimates from the PSI percentages (19% contracts, 13% agency and so on). One NJ area supplies 22 of the 30 state questions, which is why 9 of the 20 guides are New Jersey only.
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A topic is mastered once you have answered most of its questions (at least 5, or all of a small topic) and 80% of your latest answers are right. Answer a question again and the new result replaces the old one.
New Jersey law
30 questions. Where national-only prep falls short.
- NJ licensing and the Real Estate CommissionLicense types, who regulates you, what the Commission can do to a license, and how renewal and continuing education work.Licensing and Commission6 minLicensing and Commission6 min read
- NJ trust funds and escrowWho holds deposits, the 5-business-day rule, who can sign on the account, how long records are kept, and the two violations the exam loves.Statutes and rules6 minStatutes and rules6 min read
- Contracts and attorney reviewThe three-business-day review that makes New Jersey residential contracts different, which contracts need it, and how to count the days.Statutes and rules7 minStatutes and rules7 min read
- NJ agency and the Consumer Information StatementThe five relationships NJ licensees can offer since August 2024, and when the Consumer Information Statement must be explained and handed over.Statutes and rules6 minStatutes and rules6 min read
- NJ advertising, inducements and buyer rebatesWhat every New Jersey real estate ad must say, how free offers work, and who can give a buyer a rebate.Statutes and rules6 minStatutes and rules6 min read
- NJ listings, offers and commissionsThe New Jersey timelines for MLS entry and offers, the ban on net listings, back-up offers and how commissions must be written.Statutes and rules5 minStatutes and rules5 min read
- NJ disclosure rulesWhat New Jersey licensees must disclose, what they must not discuss, and the newer flood risk disclosure.Statutes and rules6 minStatutes and rules6 min read
- NJ Law Against DiscriminationHow New Jersey's fair housing law goes beyond the federal Fair Housing Act: the extra protected classes, the narrower exemptions and what a licensee must do.Additional requirements7 minAdditional requirements7 min read
- NJ land use and other state lawsThe New Jersey laws the PSI outline names, from Mount Laurel and the Pinelands to the Realty Transfer Fee, Truth in Renting and the Full Disclosure Act.Statutes and other NJ laws8 minStatutes and other NJ laws8 min read
National principles
About 80 questions, weighted by the PSI outline.
- Property ownershipLegal descriptions, liens, easements, estates and the ways people hold title together.About 8 questions6 minAbout 8 questions6 min read
- Land use controlsGovernment powers over land, zoning tools and the private restrictions that run with property.About 4 questions5 minAbout 4 questions5 min read
- Valuation and market analysisThe three appraisal approaches, when each one fits, and how to adjust comparables.About 6 questions6 minAbout 6 questions6 min read
- FinancingLoan types, LTV, points, PMI and the federal lending laws: RESPA, TILA, TRID and ECOA.About 8 questions7 minAbout 8 questions7 min read
- ContractsThe biggest national area on the PSI exam: valid vs void vs voidable, offers and counteroffers, options, contingencies and remedies.About 15 questions7 minAbout 15 questions7 min read
- Agency relationshipsWho the agent works for, fiduciary duties, listing types and how agency ends.About 10 questions6 minAbout 10 questions6 min read
- Property disclosuresMaterial facts, latent defects, lead-based paint and environmental red flags.About 6 questions5 minAbout 6 questions5 min read
- Property managementThe salesperson-level basics: screening tenants fairly, accommodations and landlord-tenant rights.About 2 questions4 minAbout 2 questions4 min read
- Transfer of titleDeeds, title insurance, recording, closings, foreclosures and short sales.About 5 questions5 minAbout 5 questions5 min read
- Practice of real estateFair housing, advertising, antitrust, Do Not Call, social media and handling other people's money.About 10 questions6 minAbout 10 questions6 min read
- Real estate mathCommission splits, seller net, prorations, PITI, LTV, points, cap rates and the NJ transfer fee.About 6 questions8 minAbout 6 questions8 min read
Study guide FAQ
Not sure where you stand? The 20-question readiness check tells you which of these topics to open first.
110 scored questions: about 80 on national principles across 11 areas, led by contracts (19%), agency (13%) and practice of real estate (12%), and 30 on New Jersey law, 22 of them on the statutes and rules that govern licensees.