Fair Housing, Practice, and Disclosures Practice Question
Question
A license applicant is reviewing a practice scenario for the New Jersey Real Estate Salesperson Exam involving federal fair housing and New Jersey disclosure and consumer protection practice. Which statement is the best answer? (Item 81)
Answer choices
- A. Recognize protected classes and prohibited discrimination in sale, rental, and financing in a way that fits New Jersey exam practice.
- B. The rule applies only to commercial transactions and never to residential transactions.
- C. Client funds may be mixed with business funds if the broker reconciles the account later.
- D. The issue can be ignored if the parties want to close quickly.
Correct Answer
A. Recognize protected classes and prohibited discrimination in sale, rental, and financing in a way that fits New Jersey exam practice.
Explanation
The correct answer is A because federal fair housing requires candidates to recognize protected classes and prohibited discrimination in sale, rental, and financing. The New Jersey reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.
Question details
- Difficulty: easy
- Domain: Fair Housing, Practice, and Disclosures
- Objective: federal fair housing