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Real Estate Licensing New Jersey Real Estate Salesperson Exam - Topic 3 Question 15 Discussion

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?
D) buy for less than $650 per month
A) assumable loan
B) owner willing to finance
C) FHA and VA financing available

Real Estate Licensing New Jersey Real Estate Salesperson Exam - Topic 3 Question 15 Discussion

Actual exam question for Real Estate Licensing's New Jersey Real Estate Salesperson exam
Question #: 15
Topic #: 3
[All New Jersey Real Estate Salesperson Questions]

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?

Show Suggested Answer Hide Answer
Suggested Answer: D

Under the Truth in Lending Act (Regulation Z), advertising is regulated to prevent misleading credit offers.

If an ad uses ''triggering terms'' (such as monthly payment amount, interest rate, down payment, or loan term), then full disclosure of all financing terms must be provided.

''Buy for less than $650 per month'' is a triggering term because it specifies a monthly payment.

General terms like ''assumable loan,'' ''owner financing,'' or ''FHA/VA available'' are permissible without full disclosure.

Correct answer = D.


by Edgar at May 15, 2026, 08:11 AM

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Charlesetta
2 hours ago
Definitely avoid "buy for less than $650 per month."
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Goldie
5 days ago
I’m really torn between A and D. I know assumable loans are common, but I feel like saying a specific monthly payment could definitely be a red flag.
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Felicidad
10 days ago
I practiced a question similar to this, and I think it was about avoiding misleading terms. Could it be B, since it implies financing is available?
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Leslee
16 days ago
I’m not entirely sure, but I feel like mentioning financing options like FHA and VA might be okay, so it could be C that we should avoid.
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Cheryll
2 months ago
I think I remember that using specific payment amounts can trigger TILA disclosures, so maybe it's D?
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