82. If a person believes an illegal act of discrimination has occurred they a. Have up to two years to file charges with HUD b. Have up to a year to file charges with the NU Division of Fair Housing c. Have up to a year to file charges with HUD d. Must provide at least the corroborating witnesses to the act of discrimination 83. A real estate investment syndicate is a form of business venture in which a group of people pool their own resources: a. To buy and sell mortgages on the secondary mortgage market b. To take advantage of the same tax benefits as a mututal fund investor can c. To own and/or develop a particular piece of property d. None of the above 84. Jon is a very experienced agent having been in the business over 5 years. He is currently working with some buyers on a tight budget who feel somewhat nervous about purchasing their first home. The house they are interested in could possibly require the purchase of flood insurance They ask Jon how much flood insurance costs. Jon is quite familiar with flood insurance as he currently has it on his own home. How should Jon respond to their questions? a. Share a copy of his last flood insurance premium bill with them b. Provide them with a list of local insurance agents who sell flood insurance. c. Give them the name and number of his own insurance agent d. Both a and c 85. At the time of initial license issuance, a new broker or broker-salesperson contributes $20 to The Guaranty Fund. The money in this fund is used to: a. Help fund the education division of the NUREC b. Reimburse real estate agents when their brokers have not paid them equitably c. Subsidize the Realtors Political Action Committee d. Reimburse members of the public who suffer monetary loss due to the actions of an agent 86. A licensed real estate professional can choose to work for a company in that capacity either as an employee or an independent contractor. As an independent contractor, one would NOT expect to receive which of the following: a. Desk space in a broker's office b. Awards for exception performance c. Commissions on sales d. Group health benefits 87. Under what circumstances might the NJREC waive the experience requirement for a broker or broker-salesperson's license?: a. Someone who has taken equivalent real estate courses in college b. A paralegal with 5 years experience c. A salesperson from Virginia with 2 years experience d. None of the above 88. The practice of directing buyers of a particular race, religion, ethnicity or other protected class to or away from certain locations is known in the business of real estate as: a. Puffing b. Steering c. Blockbusting d. Redlining 89. The State of New Jersey, in an effort to promote fairness and equality in the business of real estate sales, requires that every sales office and real estate rental office: a. Refuse listings in less desirable areas of a town b. Complete a 3 hour class on discrimination in real estate every year c. Post a $500,000 bond as good faith against discrimination d. Conspicuously display an anti discrimination poster