Question
Igor becomes a real estate salesperson and finds that more than 30% of his business comes from the Polish ethnic community where he lives. He
Igor becomes a real estate salesperson and finds that more than 30% of his business comes from the Polish ethnic community where he lives. He therefore decides to create an entire website promoting his real estate businessentirely written in Polish.
- This is discriminatory advertising and is illegal.
- This is perfectly legal advertising.
- This would only be legal if the site has both Polish and English text so the Real Estate Commission could confirm Igors words were in compliance with REC rules.
- The NJ Real Estate Commission rules affect written advertisements but do not address website advertising.
2-
Amy is a salesperson with TipTop Realty and she lists Scotts house. Michael is a broker-salesperson with Crosstown Real Estate Agency and he brings Amy an offer from his buyer Maryann. They reach a meeting of the minds and go to contract. What agency relationship does Maryann have with Amy?
- Her client.
- Her customer.
- Her subagent.
- Her sub-subagent, since Michael is already a subagent of Maryann.
3) During a listing appointment, Phyllis learns she is competing with three other agents. The seller asks what her commission is, and she replies that it is the standard six percent that is the industry norm.
- The seller should probably accept this, because he heard the same thing from the three other agents.
- Phyllis is in violation of Real Estate Commission rules
- The seller agrees to the six percent, because Phyllis points out that a buyers agent will not show a house that has a discounted commission.
- When the seller pushed Phyllis to discount her commission, she says she can do it for five percent, but if it sells for above $400,000, she and the seller would split the difference between $400,000 and the final selling priceso in a way, they both have an incentive.
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