Fair Housing, Practice, and Disclosures Practice Question
Question
A salesperson notices a possible compliance problem for the New Jersey Real Estate Salesperson Exam involving federal fair housing and attorney review awareness. Which statement is most accurate for exam purposes? (Item 65)
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 issue can be ignored if the parties want to close quickly.
- C. The rule applies only to commercial transactions and never to residential transactions.
- D. Client funds may be mixed with business funds if the broker reconciles the account later.
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