A licensed real estate broker in Essex County is found by the NJREC to have engaged in blockbusting by inducing homeowners to sell by warning them that minorities were moving into the neighborhood. In addition to a civil rights complaint under the LAD, what disciplinary action can the NJREC impose on the broker's license?
Correct Answer
A) The NJREC can suspend or revoke the broker's license and impose fines under N.J.S.A. 45:15-17
Under N.J.S.A. 45:15-17, the NJREC has broad disciplinary authority, including the power to suspend or revoke a license and to impose monetary penalties, when a licensee engages in conduct that violates the License Act or applicable fair housing laws. Blockbusting is an unlawful discriminatory practice under both the NJ LAD and federal law, and it constitutes grounds for license discipline independent of any criminal proceeding.
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Related Topics & Key Terms
Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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