NJ Real Estate study plan
NJ Real Estate · Give each week a clear focus.
8 weeks · About 6 hours per week
New Jersey License Law and Real Estate Commission Rules
Map the structure of the New Jersey Real Estate Commission and identify which activities require a license versus which fall under statutory exemptions
Outline the licensing pathways (salesperson, broker, broker-salesperson) and the education, experience, and examination steps for each
Summarize the Commission's disciplinary powers and the categories of conduct that trigger suspension, revocation, or fines
Explain the escrow, recordkeeping, advertising, and disclosure rules that apply to a New Jersey licensee's day-to-day practice
Your checkpoint
A single-page reference sheet on Commission structure and licensing rules, plus a 30-question Domain 1 self-quiz scored at 75% or better
New Jersey License Law and Real Estate Commission Rules & Contracts, Agreements of Sale, and Closings
Distinguish the required and prohibited contract terms in a New Jersey agreement of sale
Sequence the attorney review period and explain what actions terminate or waive it
Identify the disclosures and consumer notices a seller and licensee must deliver before signing
Compare common contingency clauses (inspection, mortgage, appraisal) and state the consequence of failing to meet each deadline
Your checkpoint
A completed contract-timeline diagram from listing through attorney review to closing, annotated with the responsible party at each step
Contracts, Agreements of Sale, and Closings
Break down a settlement statement line by line and classify each charge as a buyer, seller, or shared cost
Explain the roles of title company, lender, attorneys, and settlement agent in a New Jersey closing
Calculate prorations for taxes, rent, and utilities using both the 365-day and 12-month methods
Describe the remedies available for breach of an agreement of sale, including liquidated damages and specific performance
Your checkpoint
Three practice settlement statements completed with correct debit/credit placement and proration math, checked against a solutions key
Agency, Fiduciary Duties, and Consumer Disclosure
Define the agency relationships recognized in New Jersey and identify how each is created and terminated
List each fiduciary duty and match it to a realistic conflict-of-interest scenario
Explain the timing and content of the Consumer Information Statement and who must receive it
Contrast designated agency, dual agency with informed consent, and transaction brokerage as practiced in New Jersey
Your checkpoint
A agency-scenario worksheet of 15 fact patterns, each labeled with the relationship type and the duty most at risk, scored 80% or better
Agency, Fiduciary Duties, and Consumer Disclosure & Financing, Valuation, and Real Estate Mathematics
Apply fair housing and nondiscrimination obligations to advertising, showing, and negotiation decisions
Explain the disclosure duties triggered by known material defects and by the seller's property condition disclosure
Compute loan-to-value, down payment, and monthly principal-and-interest using the standard amortization formula
Distinguish the three approaches to value and choose the correct one for a given property type
Your checkpoint
A mixed 25-question set spanning agency scenarios and financing math, with written explanations for every missed item
Financing, Valuation, and Real Estate Mathematics
Compare conventional, FHA, VA, and USDA loan features and identify the occupancy and property standards unique to each
Explain the purpose and triggers of RESPA, TILA disclosure timing, and ECOA protections at the consumer level
Calculate commission splits, seller net proceeds, and capitalization-rate-based value estimates without a calculator error log
Interpret the effect of discount points and rate buydowns on the cost of borrowing
Your checkpoint
A 20-problem math speed drill completed in 40 minutes at 85% accuracy, with a written error log of every mistake
Property Ownership, Land Use, and Title Transfer
Classify the forms of ownership recognized in New Jersey and their respective rights of survivorship and transferability
Distinguish easements, licenses, and encroachments from title defects and describe how each is cured
Explain recording, constructive notice, and the function of title insurance in protecting a purchaser
Summarize zoning, variances, and the municipal land use process as they affect a listed property
Your checkpoint
A title-and-ownership concept map linking each ownership form and encumbrance type to its practical consequence at resale
New Jersey License Law and Real Estate Commission Rules & Agency, Fiduciary Duties, and Consumer Disclosure & Contracts, Agreements of Sale, and Closings & Property Ownership, Land Use, and Title Transfer & Financing, Valuation, and Real Estate Mathematics
Refresh the highest-yield rules from each domain using your own week-by-week notes and reference sheets
Complete two full-length timed practice examinations under test-day conditions
Diagnose recurring error patterns by domain and rewrite the rule behind each repeated miss
Rehearse exam-day logistics, timing strategy, and the reasoning routine for scenario questions
Your checkpoint
Two full practice exams scored at or above the passing threshold, with a one-page error-pattern summary and a final pre-exam review checklist
Milestones
Week 2: Score 75% or better on a 40-question mixed quiz covering Domain 1 and contract formation, and explain the attorney review sequence aloud without notes
Week 4: Score 80% or better on the 15-scenario agency worksheet, correctly naming the relationship and the fiduciary duty at issue in at least 12 of 15
Week 6: Finish the 20-problem math drill within 40 minutes at 85% accuracy and demonstrate a clean error log with no repeated computational mistakes
Week 8: Reach the passing score on two consecutive full-length timed practice exams, with no single domain below 70%