NJ Real Estate Exam Questions

NJ Real Estate Exam Questions According to New Jersey License Law, A licensee who wants to sell property that the licensee owns MUST? a) list the same property with another licensee in the same office b) disclose the ownership interest in any advertisement of the property c) disclose the ownership interest in any notice submitted on the listing to the MLS d) disclose in the contract of sale that the seller holds a New Jersey Real Estate license d. disclose in the contract of sale that the seller holds a New Jersey Real Estate license With respect to the Mount Laurel requirements, Which of the following statements is correct? a) It is unlawful for a landlord to refuse to rent to a couple because they have children under the age of 14 b) under certain circumstances, a tenant has the right to have a repair made and deduct the cost from the repair from the rent c) lower and moderate income people may not be excluded from New Jersey municipalities by zoning ordinances d) minority prospects may not be directed to minority populated communities without being offered opportunities in other areas in that price range c. lower and moderate income people may not be excluded from New Jersey municipalities by zoning ordinances Brainpower Read More In New Jersey, the realty transfer fee appears on the closing statement as: a. debit to the seller b. debit to the buyer c. credit to the seller d. credit to the buyer a. debit to the seller A residential developer desires to limit all construction in a subdivision to single family houses of at least 3,000 square feet. Which of the following is the BEST way for the developer to ensure this will take place? a. have an architectural review committee approve building plans b. establish a homeowners association c. Petition for a zoning change d. create deed restrictions c. petition for a zoning change Which of the following will NOT be considered relevant if HUD investigates a prospective home buyer's allegation of discriminatory treatment by a licensee in a brokerage office?