New Jersey Real Estate License Exam Practice Question
The Multiple Listing Service (MLS) board members decided that brokerages could only list properties within districts where they maintained offices. This action violates what Real Estate Law?
Correct Answer: C
Rationale: Restricting brokerages to listing properties only in districts where they have offices limits competition, which violates the Sherman Anti-trust Act. This law promotes fair competition and prohibits practices that restrain trade.
Option A, the Civil Rights Act, addresses discrimination in housing but does not pertain to competition among brokerages. Option B, Diversity Jurisdiction, relates to federal court jurisdiction and is not relevant to real estate practices. Option D, the Housing and Community Development Act of 1974, focuses on funding for housing projects and community development, not on brokerage practices or competition.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now