New Jersey Real Estate Exam Practice Question
Unless exempted, real estate located outside of New Jersey may be marketed in New Jersey only after the property has been registered with which of the following agencies as required by which of the following acts?
Correct Answer: C
Rationale: Real estate located outside New Jersey must be registered with the New Jersey Real Estate Commission to comply with the Real Estate Sales Full Disclosure Act. This act ensures consumer protection by requiring transparent marketing of out-of-state properties.
Option A is incorrect because the Division of Purchase and Property does not oversee real estate registration, and the Homeowners Warranty Act pertains to warranty issues, not marketing.
Option B is wrong as the Division of Consumer Affairs focuses on consumer protection broadly, but not specifically on real estate registration.
Option D misidentifies the Department of Community Affairs, which relates to planned developments, not the general marketing of out-of-state properties.
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