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?

Aassumable loan

Bowner willing to finance

CFHA and VA financing available

Dbuy for less than $650 per month

Show Suggested 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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Cheryll

16 days ago

I think I remember that using specific payment amounts can trigger TILA disclosures, so maybe it's D?

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