A structured study system built from real instructor notes, exam strategy, math help, chapter breakdowns, and memory tools.
All sales are final — no refunds.
Enter the email address you used when purchasing — access is verified automatically. Need help? Contact absschoolinfo@gmail.com.
Loading student records...
Your complete VIP study guide — built from instructor notes, exam tips, math formulas, and chapter breakdowns.
NJ Real Estate · VIP Study Guide
Study Method
Short, focused sessions using the right material will always outperform marathon cramming the night before. Follow this rhythm.
Course Content
Click any chapter to expand key concepts, exam tips, and common traps.
Memory Anchors
These acronyms show up repeatedly on the exam. Memorize them — they unlock entire question categories.
Real Estate Math
You don't need to be a mathematician. Know the formula, read carefully, and don't rush.
Always convert % to decimals first. 6% = 0.06 | 12.5% = 0.125
Example: $450,000 × 6% = $27,000 total. $27,000 × 70% = $18,900 agent share.
1 mill = $1 per $1,000 of assessed value
Always read the question — it will tell you who pays.
⚠ NOI does NOT include mortgage payments.
PITI = Principal + Interest + Taxes + Insurance. HOA fees NOT included.
Side by Side
The most commonly confused concepts on the NJ exam — compared side by side so the differences are crystal clear.
| Deed | Covenants | Key Use |
|---|---|---|
| General Warranty | Covers entire history — grantor defends against all claims | Standard residential sale |
| Special Warranty | Only covers grantor's ownership period | Bank/foreclosure sales |
| Quitclaim | No covenants — transfers only what grantor owns | Divorce, family transfers |
| Bargain & Sale | Implies ownership but no promise against encumbrances | Tax sales, sheriff's deeds |
NJ Note: The General Warranty Deed offers the most protection to the buyer. Quitclaim deeds are common for intra-family transfers and clearing title clouds.
| Type | Broker Earns If… | NJ Common? |
|---|---|---|
| Exclusive Right to Sell | ANY buyer purchases — even if seller finds buyer | Most common |
| Exclusive Agency | Broker-introduced buyer purchases only | Less common |
| Open Listing | Only if that specific broker brings the buyer | FSBO situations |
| Net Listing | Amount above seller's net price | Illegal in NJ |
NJ Note: Net listings are illegal in New Jersey. The Exclusive Right to Sell protects the broker most; the Open Listing protects the seller most.
| Loan | Down Payment | Who Qualifies |
|---|---|---|
| FHA | 3.5% (with 580+ credit) | First-time buyers, lower credit |
| VA | 0% — no down payment required | Veterans, active military, eligible spouses |
| Conventional | Typically 5–20% | Good credit, standard borrowers |
| USDA | 0% — rural properties only | Rural areas, income limits apply |
NJ Note: FHA loans require MIP (mortgage insurance premium). VA loans have a funding fee but no monthly PMI. Conventional loans require PMI if LTV > 80%.
| Type | Right of Survivorship | Key Feature |
|---|---|---|
| Joint Tenancy | Yes — automatic | Four unities required (TTPPT) |
| Tenancy in Common | No — heirs inherit | Unequal shares allowed; default in NJ |
| Tenancy by Entirety | Yes — married couples only | Cannot be severed without both spouses |
| Condominium | N/A | Own unit + share of common areas |
| Cooperative (Co-op) | N/A | Own shares in corp; proprietary lease |
NJ Note: In NJ, two or more people who purchase property WITHOUT specifying the type are presumed to be Tenants in Common.
| Agency | Who They Represent | Duties |
|---|---|---|
| Seller's Agent | Seller only | Full fiduciary to seller; must disclose material defects to buyer |
| Buyer's Agent | Buyer only | Full fiduciary to buyer |
| Dual Agent | Both parties | Requires informed written consent; limited duties to each |
| Transaction Broker | Neither — facilitates only | No fiduciary; basic facilitation duties |
NJ Note: NJ allows dual agency only with the informed, written consent of both parties. Failing to disclose dual agency is a license law violation.
| Tenancy | Duration | Ends By |
|---|---|---|
| Estate for Years | Fixed start & end date | Automatically — no notice needed |
| Periodic Tenancy | Auto-renews each period | Notice equal to one period (month-to-month) |
| Tenancy at Will | Indefinite — either party can end it | Reasonable notice by either party |
| Tenancy at Sufferance | Holdover — tenant stays past lease | Landlord can evict or accept new rent |
NJ Note: NJ has strong tenant protections under the Anti-Eviction Act. Even a Tenancy at Sufferance requires court-ordered eviction — a landlord cannot self-help evict.
Study Plan
Tell us your availability and we'll map out every chapter, mock exam, and review session between now and your exam.
Select the days of the week you're available:
Hours per study day:
| Date | Type | Task | Est. | Done |
|---|
Print Reference
Select chapters and content types, then print a condensed two-column reference for your final review.
Include content types:
Select chapters: /
Exam Day
The exam tests rules and concepts, not tricks. If it feels "reasonable" but not legal — it's probably wrong.
Exclusive Access
Bonus materials available only to enrolled ABS School students.
Test yourself with NJ exam-style questions. Pick your topics, set the length, and turn on timed mode to simulate real exam pressure.
Annotated chapter summaries drawn directly from instructor prep sessions — not available in the public guide.
12 additional mnemonics for topics that frequently trip students up in the final stretch — liens, deeds, title, leases, and more.
Flip through term-definition cards for all 22 chapters. Mark what you know and retry the rest.
Every question you answer incorrectly is saved here. Review your misses, understand why, and drill them again until you get them right.
Experience the real exam before exam day. 110 questions, 4-hour countdown, no instant feedback — exactly like the state test.
Have a question before your exam? Reach out to ABS School of Real Estate directly for guidance and support.
Select topics · set length · choose timed mode
Topics /