NJ Real Estate 5

Question 1

NAME THE NJ ACT THAT PROVIDES EXEMPTIONS FROM

LICENSEES ON MATERIAL FACTS OF REAL ESTATE.

Answer 1

CONSUMER FRAUDS ACT

Question 2

MIP STAND FOR?

Answer 2

MORTGAGE INSURANCE PREMIUM

Question 3

*NJ Law
The ____________________ regulates 22% of the
state’s land area known as the “Pine Barrens”.

Answer 3

NJ Pinelands Protection Act

Question 4

*NJ Law
The NJ Supreme Court has outlawed the use of
exclusionary zoning under the ________________.

Answer 4

Mount Laurel decisions

Question 5

What’s the type of estate when a lease is

given for 24 months?

Answer 5

Estate for Years

Question 6

*NJ Law
Under the NJ Law against discrimination, the only
exception to the law applies to ___________.

Answer 6

1. Members of one sex
2. Religious-based organizations
3. Owner-occupant, except for race, in a duplex or
   up/down 2 family dwelling