New Jersey Real Estate Practice Exam Free Practice Question
To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?
Correct Answer: D
Rationale: When advertising financing availability, clarity is crucial to comply with TILA regulations.
Option D, "buy for less than $650 per month," suggests a specific payment amount, which can trigger full disclosure requirements due to its implication of financing terms.
Option A, "assumable loan," refers to a type of financing that does not inherently require detailed disclosures.
Option B, "owner willing to finance," indicates a financing option without specifying terms, keeping the advertisement compliant.
Option C, "FHA and VA financing available," simply states financing options available to buyers, which does not trigger TILA disclosure.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now