New Jersey Real Estate License Exam Practice Question
The broker's principal is the seller. The buyer is a customer from a different brokerage company. The broker may be guilty of misrepresentation if the broker knows, but chooses NOT to disclose, that the
Correct Answer: A
Rationale: Option A involves a significant change that directly affects the property's value and the buyer's decision-making. If the broker is aware that a park will soon become a highway, failing to disclose this information could mislead the buyer about the property's future desirability and impact their investment.
Option B, while concerning, does not necessarily constitute misrepresentation unless the broker is specifically asked about crime in the area. Option C relates more to the seller's personal situation than to the property's condition or value, making it less critical for disclosure. Option D, regarding changing demographics, is a broader trend that may not have an immediate impact on the property and is often subjective, thus not qualifying as misrepresentation.
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